Cost Accountant

Teleflex; Kamunting; On-site; MYR 50,000 - 70,000; Full time

Job summary

A medical technology firm located in Kamunting, Malaysia is seeking a Cost Accountant to support standard costing, budgeting, and inventory control. The ideal candidate will have a degree in Accounting or Finance and at least 2 years of relevant experience. Responsibilities include variance analysis, cost reporting, and compliance with accounting standards. Join a dynamic team committed to improving patient care through innovative solutions.

Qualifications

• Minimum 2 years of relevant working experience.
• Ability to monitor and analyze financial performance against budgets.
• Experience in cost reporting and compliance with accounting standards.

Responsibilities

• Establish standard costs for materials and labor.
• Monitor variances between standard costs and actual costs.
• Assist in developing budgets and forecasts.
• Implement inventory control procedures.
• Prepare regular cost reports and performance metrics.
• Collaborate with teams to identify process improvements.
• Ensure compliance with accounting standards.

Skills

Cost accounting skills

Variance analysis

Budgeting and forecasting

Inventory control procedures

Process improvement

Education

Degree in Accounting / Finance

Job description

Overview

Global Operations is a complex and diverse organization within the company which is responsible for product fulfilment to all our customers from end to end. We pride ourselves on being totally Customer Centric in our unrelenting focus on Improving Quality, Service and Value as perceived by our customers. Our employees are dedicated to the Global Operations Enterprise Excellence journey. Join a dynamic, growing team that offers healthcare providers an array of medical technology solutions that make a difference in patients’ lives.

Teleflex is the home of Arrow, Barrigel, Deknatel, QuikClot, LMA, Pilling, Rüsch, UroLift and Weck – trusted brands united by a common sense of purpose. For more information, please visit teleflex.com.

Position Summary

As a member of Global Operations, this role contributes to standard costing, budgeting, forecasting, inventory control, cost reporting, and process improvements to optimize costs and support operations. The position supports compliance with accounting standards, internal controls, and regulatory requirements.

Principal Responsibilities

• Standard Cost Setting: Establish standard costs for materials, labor, and overhead based on historical data, industry benchmarks, and other relevant factors.
• Variance Analysis: Monitor and analyze variances between standard costs and actual costs; investigate and explain significant variances to management.
• Budgeting and Forecasting: Assist in developing budgets and forecasts with focus on overhead; monitor actual performance against budgeted targets and explain deviations.
• Inventory Control: Implement and maintain inventory control procedures to ensure accurate recording of inventory levels and valuation in accordance with standard costs.
• Cost Reporting: Prepare regular cost reports and performance metrics to track key cost drivers and identify areas for improvement; present findings and recommendations for cost-saving initiatives.
• Process Improvement: Collaborate with cross-functional teams to identify opportunities for process improvements and cost optimization; implement cost-saving initiatives and efficiency enhancements as appropriate.
• Compliance and Controls: Ensure compliance with relevant accounting standards, internal controls, and regulatory requirements in all cost-related activities; identify and address any compliance issues or control weaknesses.

Education / Experience Requirements

Qualification: Degree in Accounting / Finance

Experience: 2 years + working experience

Specialized Skills / Other Requirements

Note: As with all positions, due to the dynamic nature of Teleflex Medical business, key responsibilities may evolve and change over time.

Teleflex is an equal opportunities employer.

At Teleflex, we follow a comprehensive hiring process. We do not accept unsolicited resumes from agency recruiters or 3rd party firms. We do not make unsolicited job offers. We do not ask for money or require equipment purchase up-front.

Teleflex, the Teleflex logo, Arrow, Barrigel, Deknatel, QuikClot, LMA, Pilling, Rüsch, UroLift and Weck are trademarks or registered trademarks of Teleflex Incorporated or its affiliates, in the U.S. and/or other countries.

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