Cost Control Specialist

Renesas Electronics; Bayan Lepas; Hybrid; MYR 70,000 - 90,000; Full time

Job summary

A leading semiconductor solutions provider in Malaysia seeks a Cost Control Specialist to oversee financial planning, budgeting, and reporting. The role involves analyzing expenses, monitoring performance against KPIs, and driving cost optimization initiatives. Candidates should possess at least 5 years of relevant experience, strong analytical skills, and proficiency in SAP and Excel. This opportunity offers a hybrid work model, enabling employees to work remotely two days a week while collaborating in the office on designated days.

Benefits

Flexible work environment

Employee Resource Groups

Professional development opportunities

Qualifications

• 5+ years in financial planning, cost control, or manufacturing finance.
• Experience in budgeting, forecasting, and variance analysis.
• Proficiency in ERP systems and strong data analysis skills.

Responsibilities

• Manage company expenses and costing processes.
• Prepare and review management reports and KPI dashboards.
• Conduct monthly control analysis and coordinate cost analysis meetings.

Skills

Financial planning

Cost control

Data analysis

Communication

Problem-solving

Education

Bachelor's degree in Finance, Accounting, Business Administration

Tools

SAP

Excel

Job description

Job Description

To manage and control company expenses and costing processes, ensuring accurate financial planning, budgeting, and reporting. This role drives cost optimization initiatives, monitors performance against KPIs, and supports strategic decision-making through detailed analysis of expenses, manpower, inventory, and pricing.

Cost Control Specialist

To manage and control company expenses and costing processes, ensuring accurate financial planning, budgeting, and reporting. This role drives cost optimization initiatives, monitors performance against KPIs, and supports strategic decision-making through detailed analysis of expenses, manpower, inventory, and pricing.

Expense & Cost Control

• Monitor, analyze, and provide feedback on expense control
• Prepare and submit monthly expense forecast and Actual
• Conduct monthly control analysis and coordinate the cost analysis meetings
• Perform monthly labor cost and expenses allocation analysis

Financial Planning & Reporting

• Prepare and review management reports KPI dashboards
• Coordinate and make yearly/half-yearly budgets and midterm plans
• Confirm total budget control and company budget-making processes

Standard Costing & Pricing

• Prepare unit cost estimation for new product introduction
• Handle FG pricing (non-budget) and support on transfer pricing documentation
• Support financial audits (die price, FGTP, standard costing)

Analysis & Forecasting

• Perform analysis on Yield/Price/Exchange variances
• Analyze monthly sales, manpower, and expense trends
• Handle ad hoc analysis requests

Training & Compliance

• Ensure compliance with 5S and Safety audits

Qualifications

Education

• Bachelor’s degree in Finance, Accounting, Business Administration, or related field.

Experience

• Minimum 5 years in financial planning, cost control, or manufacturing finance.
• Experience in budgeting, forecasting, and variance analysis.

Technical Skills

• Proficiency in ERP systems (SAP) is a plus
• Strong Excel and data analysis skills; knowledge of RPA and automation tools is a plus.

Knowledge

• Standard costing, BOM, transfer pricing, and financial audit processes.
• Familiarity with manufacturing cost structures and inventory management.

Soft Skills

• Strong analytical and problem-solving abilities.
• Excellent communication and coordination skills.
• Ability to manage multiple priorities and lead a team effectively.

Additional Information

Renesas is an embedded semiconductor solution provider driven by its Purpose ‘To Make Our Lives Easier.’ As the industry’s leading expert in embedded processing with unmatched quality and system‑level know‑how, we have evolved to provide scalable and comprehensive semiconductor solutions for automotive, industrial, infrastructure, and IoT industries based on the broadest product portfolio, including High Performance Computing, Embedded Processing, Analog & Connectivity, and Power.

With a diverse team of over 21,000 professionals in more than 30 countries, we continue to expand our boundaries to offer enhanced user experiences through digitalization and usher into a new era of innovation. We design and develop sustainable, power‑efficient solutions today that help people and communities thrive tomorrow, ‘To Make Our Lives Easier.’

At Renesas, You Can

• Launch and advance your career in technical and business roles across four Product Groups and various corporate functions. You will have the opportunities to explore our hardware and software capabilities and try new things.
• Make a real impact by developing innovative products and solutions to meet our global customers’ evolving needs and help make people’s lives easier, safe and secure.
• Maximize your performance and wellbeing in our flexible and inclusive work environment. Our people‑first culture and global support system, including the remote work option and Employee Resource Groups, will help you excel from the first day.

Renesas Electronics is an equal opportunity and affirmative action employer, committed to supporting diversity and fostering a work environment free of discrimination on the basis of sex, race, religion, national origin, gender, gender identity, gender expression, age, sexual orientation, military status, veteran status or any other basis protected by law. For more information, please read our Diversity & Inclusion Statement.

Are you ready to own your success and make your mark?

Join Renesas. Let’s Shape the Future together.

We have adopted a hybrid model that gives employees the ability to work remotely two days a week while ensuring that we come together as a team in the office the rest of the time. The designated in‑office days are Tuesday through Thursday for innovation, collaboration and continuous learning.