Cost Accountant

Astrodyne TDI; Penang; On-site; MYR 120,000 - 180,000; Full time

Job summary

Astrodyne TDI, LLC in Penang, Malaysia seeks a seasoned Costing & Inventory Accountant to manage standard costs, perform monthly inventory reconciliations, and lead variance analyses with procurement. The role entails cycle counts, year-end stock takes, and close processes covering COGS, WIP, and landed costs.

You will generate reports on cost per unit and KPI trends, support budgeting, and drive improvements in ERP master data and costing controls, collaborating with engineering and operations.

Qualifications

• Bachelor's degree in Accounting or Finance; CA, ACCA, CPA, CMA or equivalent preferred.
• 5+ years in cost or inventory accounting in a manufacturing setting (electronics preferred).
• Strong knowledge of standard and absorption costing, MFRS 102 / IAS 2 inventory accounting and multi-currency (USD) reporting.

Responsibilities

• Standard costing: work with Corp Acctg to maintain standard costs (material, labour, overhead) for new and existing products; review BOM and routing accuracy with Engineering.
• Inventory valuation: monthly reconciliation of raw material, WIP and finished goods; investigate discrepancies; propose provisions; identify slow-moving inventory for dispositions.
• Variance analysis: analyze purchase price variance; analyze material usage, labour, overhead and yield variances; explain drivers and corrective actions.
• Cycle count and year end stock take: ensure counts are performed; investigate discrepancies; post adjustments with approvals.
• Month-end close: post and review COGS, absorption, WIP, scrap and landed-cost journals; deliver cost and inventory package by close deadlines.
• Reporting and insight: produce product reports, cost-per-unit trends, inventory KPIs; support budget and forecast cost inputs.
• Controls and audit: document and test inventory and costing controls; support audit activities including inventory count observation.
• Improvement: automate recurring reports, strengthen ERP cost-flow and master-data discipline.

Skills

Advanced Excel

ERP experience

BI tools

Analytical

Bilingual English/BM

Education

Bachelor's degree in Accounting or Finance

Tools

Epicor ERP

Job description

• Standard costing: Work with Corp Acctg to maintain standard costs (material, labour, overhead) for new and existing products; review BOM and routing accuracy with Engineering.
• Inventory valuation: Prepare monthly reconciliation of raw material, WIP and finished goods between sub-ledger and General Ledger and investigate discrepancies; calculate excess, obsolete and slow-moving stock quarterly and propose provisions to Corp Acctg. Identify slow moving inventory and work with Operations and Engineering on disposition (use up, transfer to another site, reserve, scrap)
• Variance analysis: Analyze purchase price variance and work with Procurement to identify reasons. Analyze material usage, labour, overhead and yield variances; work with Operations and Planning to explain drivers and identify/report on corrective actions.
• Cycle count and year end stock take: Ensure cycle counts and year-end stock take are performed according to accounting principles/internal controls; investigate and resolve discrepancies with the Warehouse; post adjustments with proper approvals.
• Month-end close: Post and review COGS, absorption, WIP, scrap and landed-cost (freight, duty) journals; deliver the cost and inventory package by close deadlines.
• Reporting and insight: Produce product reports, cost-per-unit trends (material and labour) and inventory KPIs (turns, days on hand, aging); support budget and forecast cost inputs. Identify labour time adjustments for std costing by reviewing actual activity and working with Operations on improvements.
• Controls and audit: Document and test inventory and costing controls; support internal and external audit, including inventory count observation and costing queries.
• Improvement: Automate recurring reports, strengthen ERP cost-flow and master-data discipline.

Qualifications and experience

• Bachelor's degree in Accounting or Finance; CA, ACCA, CPA, CMA or equivalent preferred.
• 5+ years in cost or inventory accounting in a manufacturing setting (electronics preferred).
• Strong knowledge of standard and absorption costing, MFRS 102 / IAS 2 inventory accounting and multi-currency (USD) reporting.

Skills

• Advanced Excel (pivots, lookups, Power Query); ERP experience (Epicor or similar); BI tools a plus.
• Analytical, detail-oriented and confident challenging numbers with plant and supply chain teams.
• Clear written and spoken in English and Bahasa Malaysia.
• Success measures: Inventory book-to-physical accuracy, cost roll-up completed on time, variance explanations delivered within the close calendar, and zero repeat audit findings.