Costing Analyst

Nestlé; Chembong; On-site; MYR 120,000 - 180,000; Full time

Job summary

Nestlé Malaysia is seeking a seasoned Costing Specialist to provide accurate costings for manufacturing, partnering with Factory Operations, Procurement, Finance, and Business Planning. You will drive standard cost budgeting, period-end close, and cost optimisation initiatives to support business performance.

The role requires a Bachelor's in Finance/Accounting and at least 5 years in costing or manufacturing finance, with strong SAP and Excel skills, and the ability to influence across

Qualifications

• Bachelor’s degree in Finance, Accounting, Business, Economics, or related field.
• Minimum 5 years of experience in Finance, Costing, or related areas.
• Experience in manufacturing, FMCG, or supply chain environment.
• Strong knowledge of financial reporting, budgeting, forecasting, and manufacturing costing.
• Proficiency in SAP and advanced Excel.

Responsibilities

• Review and analyse manufacturing variances, providing insights to Management and Operations.
• Monitor and analyse actual production costs, identify cost drivers, and advise on improvements.
• Support period-end closing activities and ensure accurate financial reporting.
• Lead the annual Standard Cost Budget process in collaboration with Factory and stakeholders.
• Maintain costing data integrity within SAP and assist with master data management.
• Collaborate with Costing Centre of Competence on close activities and governance.

Skills

Costing

SAP

Excel

Financial analysis

Stakeholder management

Education

Bachelor’s degree in Finance/Accounting

Tools

SAP

Excel

Job description

Position Snapshot

Location: Chembong Complex

Company: Nestlé Malaysia

Full-time

5+ years' experience

Position Summary

Joining Nestlé means becoming part of the world's largest Food and Beverage company. At our core, we are a people-driven organisation committed to enhancing quality of life and contributing to a healthier future. We empower our employees to grow professionally while making a meaningful impact both locally and globally.

We are looking for a Costing Specialist to provide accurate, timely, and insightful manufacturing costing analysis and reporting. In this role, you will partner with Factory Operations, Procurement, Business Planning, and Finance teams to support business performance through robust cost management, reporting excellence, and operational insights. You will also play a key role in standard cost budgeting, period-end closing activities, and continuous improvement initiatives.

A Day in the Life of a Costing Specialist

• Review and analyse manufacturing variances, providing transparency and actionable insights to Management, Operations, and Business Units.
• Monitor and analyse actual production costs, identify key cost drivers, and provide recommendations to improve performance.
• Support period-end closing activities and ensure accurate, complete, and timely financial reporting.
• Lead and coordinate the annual Standard Cost Budget process in collaboration with Factory, Operations, Procurement, and Business stakeholders.
• Maintain the integrity and accuracy of costing data within SAP.
• Monitor and analyse factory key performance indicators, including operational, financial, and compliance measures.
• Partner with stakeholders to support SKU optimisation reviews, benchmarking exercises, and cost analysis requests.
• Collaborate closely with the Costing Centre of Competence on period-end close activities, master data management, and factory health checks.
• Ensure compliance with Nestlé Accounting Standards, Costing Standards for Manufacturing, and internal governance requirements.
• Participate in continuous improvement and cost optimisation initiatives to drive operational efficiency.
• Deliver costing knowledge and financial insights to Business Units and Factory teams.

What Will Make You Successful

• Bachelor's Degree in Finance, Accounting, Business, Economics, or a related discipline.
• Minimum 5 years of experience in Finance, Accounting, Costing, Manufacturing Finance, or Supply Chain Finance.
• Experience within a manufacturing, factory, FMCG, or supply chain environment.
• Strong knowledge of financial reporting, budgeting, forecasting, and manufacturing costing.
• Understanding of accounting standards, internal controls, and governance requirements.
• Proficiency in SAP and advanced Microsoft Excel skills.
• Strong analytical and problem-solving capabilities with a keen eye for detail.
• Excellent communication and stakeholder management skills.
• Ability to work independently while collaborating effectively across multiple functions.
• Passion for continuous improvement and operational excellence.