Cost Accountant

Protalent Malaysia; Kulim; On-site; MYR 100,000 - 150,000; Full time

Job summary

A leading company in manufacturing is seeking a detail-oriented Cost Accountant to support their new team. This role requires developing accurate product costing, analyzing variances, and collaborating with production and supply chain teams. Ideal candidates will have a Bachelor's in Accounting and 3–5 years of relevant experience, specifically in a high-mix, low-volume production environment.

Qualifications

• 3–5 years of experience in cost accounting, preferably in manufacturing or OEM.
• Strong understanding of costing principles and variance analysis.
• Experience in high-mix, low-volume production settings is highly desirable.

Responsibilities

• Develop and maintain standard costing models for custom products.
• Analyze manufacturing variances and provide actionable insights.
• Conduct cost impact analysis for new product introductions.

Skills

Costing principles

Variance analysis

Inventory accounting

Analytical skills

Problem-solving skills

Communication skills

Education

Bachelor’s degree in Accounting

CPA/CMA

Tools

ERP systems (SAP, Oracle, Microsoft Dynamics)

Excel

Job description

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Our client is seeking a detail-oriented and analytical Cost Accountant to join our newly set up team in a high-mix, low-volume manufacturing environment. The ideal candidate will be responsible for developing and maintaining accurate product costing, analyzing manufacturing variances, and supporting strategic decision-making through cost insights. This role requires close collaboration with production, engineering, and supply chain teams to ensure cost transparency and operational efficiency.

Key Responsibilities:

Develop and maintain standard costing models for a wide variety of custom and low-volume products.

Analyze manufacturing variances (material, labor, overhead) and provide actionable insights to operations and finance leadership.

Monitor and report on inventory valuation, WIP, and scrap analysis.

Partner with engineering and production teams to evaluate BOMs, routings, and cost drivers.

Support monthly and quarterly closing activities, including journal entries and cost roll-ups.

Conduct cost impact analysis for new product introductions (NPI), engineering changes, and process improvements.

Assist in budgeting and forecasting of manufacturing costs and margins.

Ensure compliance with internal controls and accounting standards (e.g., GAAP, IFRS).

Participate in continuous improvement initiatives to enhance cost accuracy and reporting efficiency.

Qualifications:

Bachelor’s degree in Accounting, Finance, or related field; CPA/CMA is a plus.

3–5 years of experience in cost accounting, preferably in a manufacturing or OEM environment.

Strong understanding of costing principles, inventory accounting, and variance analysis.

Proficiency in ERP systems (e.g., SAP, Oracle, Microsoft Dynamics) and Excel (pivot tables, VLOOKUP, etc.).

Experience in high-mix, low-volume production settings is highly desirable.

Strong analytical, problem-solving, and communication skills.

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Your application will include the following questions:

Which of the following statements best describes your right to work in Malaysia? What's your expected monthly basic salary? Which of the following types of qualifications do you have? How many years' experience do you have as a Cost Accountant? Have you worked in a role which requires experience with product pricing and costing strategy? How many years' experience do you have with forecasting for businesses? How would you rate your Mandarin language skills?