Cost Accountant

INV New Material Technology (M) Sdn. Bhd.; Malaysia; On-site; MYR 60,000 - 80,000; Full time

Job summary

A leading technology manufacturing firm in Malaysia is seeking a motivated Cost Accountant to develop and maintain product costs, perform inventory reconciliation, and support pricing decisions. Candidates should have a degree in accounting or ACCA, with at least 5 years of relevant experience and proficiency in cost accounting principles. Fluency in English, Bahasa Malaysia, and Mandarin is essential for collaboration within teams.

Qualifications

• Minimum 5 years of working experience in cost accounting, preferably in the manufacturing industry.
• Strong level of analytical skill and numeracy.
• Ability to follow standard filing procedures.

Responsibilities

• Develop and maintain standard product cost per unit.
• Calculate and allocate production costs.
• Analyse manufacturing costs and prepare variance analysis.
• Collaborate with teams to ensure accurate costing.
• Monitor inventory levels and perform reconciliation.

Skills

Cost accounting principles

Inventory management

Analytical skills

Computer literacy

Fluency in English

Fluency in Bahasa Malaysia

Fluency in Mandarin

Education

ACCA or Bachelor of Accounting

Tools

Microsoft Office applications

Job description

INV New Material Technology (M) Sdn. Bhd. Is the first Li-ion battery separator factory in ASEAN. It is a manufacturer and seller of lithium-ion battery separators. Besides it also provides customers with lithium battery separator’s technical solutions that meets the evolving needs of clients.

We offer a dynamic and conducive working environment where employees can grow and excel. Currently, the Finance Department is looking for a highly motivated and creative Cost Accountant to join our growing team. In this role, you will be a specialist in Costing and Inventory.

Responsibilities

1. Develop and maintain standard product cost per unit (Labour, Depreciation, Maintenance and Fixed Overheads).
2. Calculate and allocate production costs (Labour, Variable and Fixed Overheads).
3. Analyse actual manufacturing costs and prepare periodic reports comparing standard costs to actual production costs. Prepare variance analysis (labour, materials, overheads) and report findings to management.
4. Collaborate with production and procurement teams to ensure accurate costing of raw materials and packaging.
5. Monitor inventory levels and perform inventory reconciliation, including analysis of spoilage, shrinkage, and wastage. Assist in the preparation of annual budgets and monthly forecasts.
6. Support pricing decisions through product margin analysis.
7. Participate in the development and implementation of cost control measures.
8. Attend physical stock count on 1st day of every month.
9. Perform recount if the variance is more than 1% on inventory value.
10. Perform any assignments in relation to company as and when is required.

Qualifications

1. Candidates possess at least ACCA or Bachelor of Accounting.
2. Minimum 5 years of working experience in cost accounting, preferably in the manufacturing industry.
3. Well-versed with cost accounting principles and inventory management.
4. Computer literacy with knowledge of Microsoft Office applications.
5. Proficiency in English, Bahasa Malaysia and Mandarin.
6. Possess a strong level of analytical skill, numeracy and strong in financial, cost and management accounting understanding.
7. A well-organized, self-starter and able to follow standard filing procedure.
8. Ability to work well with other team members and under pressure to achieve a very tight accounts schedule.