Cost Accountant (FP&A)

Randstad Malaysia; Penang; On-site; MYR 70,000 - 90,000; Full time

Job summary

A leading multinational company is seeking a skilled Cost Accountant in Penang, Malaysia, to manage product costing, Free Trade Agreements, and inventory controls. The ideal candidate has a Bachelor’s degree with a strong GPA and at least 5 years of experience in cost accounting. Join us for career advancement and exposure to regional operations in a dynamic environment.

Benefits

Career advancement opportunities

Exposure to regional operations

Professional development

Qualifications

• Bachelor’s degree in Accounting with a minimum CGPA of 3.33.
• Professional qualifications are an added advantage.
• At least 5 years of relevant cost accounting experience.

Responsibilities

• Manage Free Trade Agreement (FTA) applications and audits.
• Handle end-to-end accounting and month-end closing.
• Lead development of standard costing systems.

Skills

Cost Accounting

ERP Systems

Financial Analysis

Analytical Skills

Education

Bachelor’s degree in Accounting

Professional qualifications (e.g. CPA, ACCA, CIMA)

Tools

SAP

Excel

Hyperion

Job description

About the Role

Due to business expansion, we are seeking a high-performing Cost Accountant to join our team. This role is ideal for individuals with a strong academic background in accounting and solid experience in cost accounting within a multinational environment. You will be responsible for maintaining product costing, Free Trade Agreement (FTA) management, and ensuring internal controls over inventory and financial accuracy.

Key Responsibilities

• Manage Free Trade Agreement (FTA) applications, renewals, and audits (when applicable).

• Handle end-to-end accounting and month-end closing for the APAC Service Depot, including reporting, budgeting, and forecasting cycles.

• Lead the development and maintenance of standard costing systems (M-Plant / D-Plant) in line with corporate guidelines and US GAAP compliance.

• Implement and monitor controls for accurate inventory and product costing, ensuring alignment with corporate accounting policies and quality systems.

• Support Operations/Distribution teams by analyzing actual vs. budget performance and driving financial insights.

• Collaborate with the Finance Department for financial planning and internal projects.

• Assist the Cost Accounting Manager with ad hoc financial analysis and special projects as required.

Requirements

• Bachelor’s degree in Accounting with a minimum CGPA of 3.33 (mandatory).

• Professional qualifications (e.g. CPA, ACCA, CIMA) are an added advantage.

• At least 5 years of relevant cost accounting experience in a multinational environment.

• Background in medical devices, biotech, or pharmaceutical industries is preferred but not essential.

• Proficient in ERP systems; SAP experience is an advantage.

• Strong command of Excel; familiarity with Hyperion and SAP BW is a plus.

• High attention to detail with a strong analytical and problem-solving mindset.

Why Join Us?

• Be part of a globally recognized organization in a growth phase.

• Gain exposure to regional operations and cross-functional collaboration.

• Opportunity for career advancement and professional development.