Cost Accountant

Kawan Food Berhad; Selangor; On-site; MYR 70,000 - 90,000; Full time

Job summary

A leading food manufacturing company in Malaysia is seeking a Cost Accountant to manage costing systems and control measures. The ideal candidate will hold a relevant degree and be a member of a professional accounting body, with at least 5 years of experience in cost accounting. Strong analytical skills and attention to detail are essential for this role based in Pulau Indah, Klang.

Qualifications

• Minimum 5 years of experience in cost accounting or management accounting roles in a manufacturing environment.
• Strong analytical skills with a detailed understanding of manufacturing costing principles.
• Strong attention to detail, with the ability to work independently and meet deadlines.

Responsibilities

• Maintain and monitor costing systems, including standard cost setups and variances.
• Analyze production cost variances, material usage, labor, and overhead allocation.
• Implement and oversee cost control measures to ensure operational efficiency and minimize wastage.
• Prepare cost analysis reports to support pricing, budgeting, and profitability decisions.

Skills

Analytical skills

Attention to detail

Effective communication skills

Education

Degree in Accounting, Finance, or related discipline

Member of professional accounting body (ACCA/MICPA/ICEAW/CPA/MIA or equivalent)

Job description

Responsibilities

• Maintain and monitor costing systems, including standard cost setups and variances.
• Analyze production cost variances, material usage, labor, and overhead allocation.
• Implement and oversee cost control measures to ensure operational efficiency and minimize wastage.
• Work closely with production, supply chain, and procurement teams to ensure accurate and consistent cost reporting.
• Prepare cost analysis reports to support pricing, budgeting, and profitability decisions.
• Develop and maintain standard costs for products, ensuring timely updates based on changes in materials, labor, and overhead.
• Participate in monthly and quarterly financial closings, ensuring cost data is accurate and complete.
• Assist in inventory valuation and ensure compliance with internal controls for inventory management.
• Conduct regular stock variance investigations and support physical inventory counts.
• Support annual budget preparation by providing detailed cost forecasts and analysis.
• Lead and participate in stock count activities, ensuring proper documentation, variance analysis, and investigation of discrepancies.
• Monitor and report on slow-moving and obsolete inventory, recommending actions to minimize loss.
• Collaborate with auditors during internal and external audits, providing costing-related documentation and explanations.

Job Requirements

• Degree in Accounting, Finance, or related discipline
• Member of professional accounting body ACCA/ MICPA/ ICEAW/ CPA/ MIA or equivalent
• Minimum 5 years of experience in cost accounting or management accounting roles in a manufacturing environment
• Strong analytical skills with a detailed understanding of manufacturing costing principles
• Strong attention to detail, with the ability to work independently and meet deadlines
• Effective communication skills to liaise with cross-functional teams
• Willing to be based in Pulau Indah, Klang