Cost Accountant

Airswift; Pasir Gudang; On-site; MYR 90,000 - 130,000; Full time

Job summary

Airswift in Malaysia is seeking an experienced cost accountant to support inventory and manufacturing cost management across product lines.

You will develop actual and standard cost models, review variances, maintain BOM accuracy, monitor yields and wastage, and assist in budgeting and month-end close with data-driven insights.

Qualifications

• Bachelor's degree in accounting or finance.
• 5–8 years relevant experience, with at least 3 years in manufacturing costing and BOM.
• Oil & gas industry experience is advantageous.
• Experience in Oracle ERP (cost module, AP, internal orders, BOM) and system implementations is a plus.
• Strong analytical and problem-solving abilities.
• Advanced Excel and MS Office skills.
• Fluent in Malay and English; Mandarin is a plus for regional stakeholders.

Responsibilities

• Collaborate with business units, operations and supply chain to provide accurate cost insights for inventories and manufacturing costs.
• Develop actual and standard cost models; manage cost revision cycles and BOM accuracy.
• Analyze production costs, variances, and cost behavior for effective cost control.
• Monitor yields, scrap and wastage; provide data-driven recommendations to improve efficiency.
• Support budgeting, forecasting and month-end close with cost analyses.
• Maintain inventory reconciliations and assist in audits and tax reporting.

Skills

Cost accounting

Cost analysis

Excel expertise

Budgeting

Data interpretation

Reporting

Education

Bachelor's degree in accounting/finance

Tools

Oracle ERP

MS Excel

Job description

• 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
• 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