Cost Accountant

Airswift; Pasir Gudang; On-site; MYR 120,000 - 180,000; Full time

Job summary

Airswift is seeking a seasoned Cost Accountant in Malaysia to drive manufacturing cost analysis and BOM integrity. You will work with procurement, production, and finance to develop accurate cost models and support budget cycles.

The role requires 5–8 years in manufacturing costing, strong Excel skills, and ERP experience, with Mandarin a plus for regional coordination.

Qualifications

• Bachelor's degree in accounting/finance required.
• Professional qualification (CIMA/ACCA/CPA) preferred.
• 5–8 years of relevant experience in manufacturing costing, BOM knowledge.
• Experience with Oracle ERP cost module is advantageous.

Responsibilities

• Collaborate with business units, operations, and supply chain to provide accurate financial insights for inventories and manufacturing cost management.
• Develop actual cost/standard cost models with procurement and production teams; maintain periodic cost revisions; ensure BOM accuracy.
• Review production, manufacturing and price variances to control costs.
• Monitor yields, scrap, and wastage; provide data-driven insights to reduce waste and improve efficiency.
• Analyze fixed and variable cost reports; identify cost-saving opportunities.
• Track actual expenses for raw materials, direct labor, and overheads.
• Oversee inventory control, reconcile with GL, and manage COGS tasks.
• Contribute to annual budget, rolling forecasts, and monthly variance analyses.

Skills

Manufacturing costing

Cost accounting

Bill of Materials

Analytical skills

Attention to detail

Excel proficiency

Malay/English communication

Mandarin beneficial

ERP experience

Education

Bachelor's degree in accounting/ finance

CIMA/ ACCA / CPA qualification

Tools

Oracle ERP

Excel

Job description

Job Responsibilities

• Collaborate with business units, operations, and supply chain teams by providing accurate financial insights for management of inventories and manufacturing cost-related matters.
• Work extensively with the procurement and production team in handling product costing to develop actual cost/ standard cost models, maintain periodic cost revision exercises, and ensure accuracy in the Bill of Materials.
• Periodic review and analysis of production, manufacturing and price variance to ensure effective cost control.
• Monitor production yields, scrap rates, and wastage, providing data-driven insights to reduce waste and improve efficiency.
• Review and analyze fixed and variable cost reports, provide commentary on cost behavior patterns, and identify cost-saving opportunities.
• Track and record actual expenses for raw materials, direct labor, and manufacturing overheads as they occur.
• Responsible for inventory including physical inventory, inventory control and reconciling inventory module to general ledger and other tasks related to inventory and cost of goods sold.
• Actively participate in the annual budget, business plan and monthly rolling forecast process by providing updated cost information across different product lines and manufacturing lines.
• Participate in month-end closing activities, analyzing financial performance and budget vs actual result variance analysis.
• Perform balance sheet reconciliations for inventory accounts to ensure accuracy of the general ledger.
• Conduct thorough assessment of CEA/EA applications, analyze applicants' justifications, provide constructive financial challenges to promote cost efficiency, and ensure expenditures remain within approved budget limits and company financial guidelines.
• Develop a strong understanding of data inputs in support of Standard Cost setting
• Support accounting tasks as needed and participate in special projects such as system upgrades, e-invoicing implementation, and UAT testing Involved in ERP system process improvement. Leverage capabilities and identify areas for process improvement.
• Support external audit and tax preparation functions as relates to cost accounting.
• Maintain internal control documentation, provide government and statistic reports, assist in annual audit and tax reporting.
• Liaise with internal/external stakeholders as and when necessary.
• Perform people management responsibilities, which include planning, assigning tasks, publish KPI's related to the team's process area, coaching and development.
• Ad-hoc assignments to be assigned by the superior / management from time-to-time.

Job Requirements

• Bachelor's degree in accounting/ finance
• Professional qualification (CIMA/ ACCA / CPA)
• 5 - 8 years relevant working experience with a minimum of 3 years in manufacturing costing and a strong understanding of manufacturing processes and Bill of Materials (BOM).
• Experience in the oil and gas industry is an advantage.
• Experience in Oracle ERP system (cost module, AP module, internal orders, BOM and etc). Experience in system implementation is advantageous.
• Strong sense of responsibility, independence, and motivation
• Strong knowledge of financial reporting standards, tax regulation, laws, bank matters and any other compliance requirements
• Strong analytical and problem-solving abilities.
• Meticulous and pays attention to details.
• Good knowledge of Microsoft applications, such as strong working knowledge & skill in Excel
• Able to communicate in Malay, English
• Candidate who able to communicate in Mandarin and liaise with regional level and oversea stakeholders from China is an added advantage