Cost Accountant

Flintex Consulting Pte Ltd; Pasir Gudang; On-site; MYR 80,000 - 110,000; Full time

Job summary

Flintex Consulting Pte Ltd is seeking a capable Cost Accountant to monitor and improve production costing within a manufacturing environment in Malaysia. You will ensure accurate product costing, manage inventory valuation, and support budgeting and performance analysis.

Responsibilities include cost allocation, variance analysis, monthly and year-end closing related to inventory and cost accounting, and close collaboration with Production, Procurement, Warehouse, and Engineering teams to drive

Qualifications

• Bachelor's degree in accounting/finance or related field.
• ACCA/CIMA/CPA/ICAEW qualification is an advantage.
• 3–5 years of manufacturing costing experience.

Responsibilities

• Prepare and maintain accurate product costing.
• Monitor manufacturing costs including raw materials, labour, and overhead.
• Analyse production costs and identify opportunities for cost reduction and process improvements.
• Perform cost allocation and ensure accurate recording of production costs.
• Conduct cost variance analysis and investigate significant deviations from budget or standard costs.
• Monitor inventory valuation and ensure accurate inventory costing.
• Reconcile raw materials, WIP, finished goods, and scrap inventory.
• Prepare monthly cost reports, manufacturing performance reports, and management reports.
• Support month-end and year-end closing activities related to inventory and cost accounting.
• Ensure compliance with company accounting policies and financial reporting standards.

Skills

Cost accounting

Budgeting

Variance analysis

Inventory management

Financial reporting

Cross-functional collaboration

ERP systems

Excel

Education

Bachelor's Degree in Accounting, Finance, Cost Accounting

ACCA/CIMA/CPA/ICAEW or equivalent

Tools

ERP systems

Excel

Job description

Responsible for monitoring, analyzing, and controlling production costs to ensure accurate product costing and improve operational efficiency.

Responsibility

Cost Accounting:

Prepare and maintain accurate product costing.

Monitor manufacturing costs, including raw materials, consumables, labour, and overhead expenses.

Analyse production costs and identify opportunities for cost reduction and process improvements.

Perform cost allocation and ensure accurate recording of production costs.

Conduct cost variance analysis and investigate significant deviations from budget or standard costs.

Inventory Management

Monitor inventory valuation and ensure accurate inventory costing.

Reconcile raw materials, work-in-progress (WIP), finished goods, and scrap inventory.

Participate in monthly, quarterly, and annual stock counts.

Investigate inventory discrepancies and recommend corrective actions.

Prepare monthly cost reports, manufacturing performance reports, and management reports.

Support month-end and year-end closing activities related to inventory and cost accounting.

Ensure compliance with company accounting policies and financial reporting standards.

Budgeting & Analysis

Assist in preparing annual budgets and production cost forecasts.

Analyse manufacturing expenses and monitor departmental budgets.

Provide financial analysis to support management decision-making.

Evaluate the financial impact of process improvements, capital investments, and operational changes.

Internal Control & Compliance

Ensure compliance with internal controls, accounting standards, and company policies.

Support internal and external audits by providing required documentation and analysis.

Review costing procedures and recommend improvements to enhance accuracy and efficiency.

Cross-Functional Collaboration

Work closely with Production, Procurement, Warehouse, Engineering, and Sales departments to ensure accurate costing information.

Assist in pricing analysis by providing accurate cost data.

Support ERP system enhancements related to costing and inventory management.

Requirements

Bachelor's Degree in Accounting, Finance, Cost Accounting, or a related discipline.

Professional accounting qualifications (ACCA, CIMA, CPA, ICAEW, or equivalent) are an advantage.

Minimum 3–5 years of experience in manufacturing industry for cost accounting, manufacturing accounting, or finance.

Experience in the steel, metal, heavy manufacturing, or industrial sector is highly preferred.

Working hours:

Mon to Fri, 8am to 5:30pm

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