Costing Manager

Tan Chong Motor Holdings Berhad; Selangor; On-site; MYR 60,000 - 80,000; Full time

Job summary

A leading automotive conglomerate is seeking a Costing & Analysis professional in Malaysia, Selangor. The role involves developing standard costing systems, conducting variance analysis, and managing cost budgets and forecasts. Candidates with a degree in Finance or a professional qualification such as ACCA/MICPA/CIMA and 6-8 years of relevant experience in the manufacturing industry are encouraged to apply. Join our dynamic team to drive financial performance and operational excellence.

Qualifications

• Minimum 6-8 years of costing experience, preferably in manufacturing industry.
• Relevant degree or professional qualification (ACCA/MICPA/CIMA) is required.

Responsibilities

• Develop and maintain standard costing systems.
• Prepare and review product costing and labor cost structures.
• Conduct variance analysis on budget performance.
• Collaborate on cost budgets and forecasts.

Skills

Cost analysis

Budgeting

Forecasting

Collaboration

Variance analysis

Education

Degree in Finance/Accounting or equivalent qualification

Job description

Tan Chong Group is a leading conglomerate with diverse business interests in the automotive, real estate, and financial services sectors. Established in 1957, we have a strong presence in the Kuala Lumpur area and are known for our commitment to innovation, quality, and customer satisfaction. Our company culture encourages teamwork, integrity, and continuous improvement.

Apply now to join our dynamic team and be a part of our exciting journey!

Job Description

Costing & Analysis

• Develop, implement, and maintain standard costing systems and processes.
• Prepare, review, and update product costing, Bill of Materials (BOM), and labor cost structures.
• Conduct variance analysis (standard vs. actual cost, material usage, labor efficiency, overhead absorption).
• Analyze manufacturing and operational costs to identify cost drivers and cost-saving measures.
• Support pricing decisions by providing accurate cost and margin analysis.

Budgeting & Forecasting

• Collaborate with operations and production teams to prepare cost budgets and forecasts.
• Monitor and control cost performance against budget, highlighting variances with root cause analysis and corrective actions.
• Provide cost-related insights to support strategic and operational planning.

Reporting & Compliance

• Ensure timely and accurate reporting of product cost, profitability, and inventory valuation.
• Prepare management reports on cost trends, profitability analysis, and cost reduction initiatives.
• Ensure compliance with internal controls, accounting policies, and audit requirements.

Collaboration & Other Responsibilities

• Manage and ensure accuracy and efficiency in all deliverables.
• Collaborate with Production, Supply Chain, Procurement, and Sales to provide cost-related support.
• Drive continuous improvement initiatives in costing processes, systems, and reporting.
• Undertake ad-hoc assignments as and when required.

Qualifications

Degree in Finance/Accounting or professional accountancy qualification ACCA/MICPA/CIMA or equivalent.

Experience

Minimum 6-8 years of costing experience, preferably in manufacturing industry.