Costing Specialist

Nestlé; Shah Alam; On-site; MYR 60,000 - 100,000; Full time

Job summary

Nestlé Malaysia, part of the world’s largest Food & Beverage company, is seeking a Costing Specialist in Shah Alam. You will provide accurate costing analysis, support budgeting, and deliver insights to drive performance across Operations, Procurement, Supply Chain and Finance.

The role emphasizes costing accuracy, financial transparency and continuous improvement, with responsibilities spanning master data in SAP, variances analysis, and collaboration with cross‑functional teams to enable

Qualifications

• Bachelor’s degree in Accounting, Finance, Business Administration, Economics or related field.
• 3–5 years of experience in Finance, Costing, Manufacturing Finance or Financial Analysis.
• Experience in SAP and Microsoft Excel for financial reporting.
• Strong analytical, communication and stakeholder management skills.

Responsibilities

• Review, analyse and maintain product costing and standard costs for accurate reporting.
• Monitor actual costs vs budgets; identify cost drivers, trends, risks and opportunities.
• Support budgeting, forecasting and standard costing with cross‑functional teams.
• Ensure compliance with Nestlé accounting standards and costing standards.
• Conduct cost and profitability analyses to support pricing and portfolio decisions.
• Maintain costing master data in SAP and other financial systems.
• Participate in cost optimisation projects to improve efficiency.
• Support period-end closing activities and financial reporting.

Skills

Analytical skills

Problem solving

Stakeholder management

Communication

Education

Bachelor's degree in Accounting/Finance/Business or related field

Tools

SAP

Microsoft Excel

Job description

Position Summary

Joining Nestlé means becoming part of the world's largest Food and Beverage company.

Position Snapshot

Location: Jalan Playar, Shah Alam
Company: Nestlé Malaysia
Permanent - Full Time

Position Summary

Joining Nestlé means becoming part of the world's largest Food and Beverage company.
At our very core, we are a people-driven organisation, passionate about enhancing quality of life and contributing to a healthier future. A career at Nestlé offers opportunities to make an impact both locally and globally, empowering you to grow professionally and personally whilst contributing to meaningful business outcomes.
We are looking for a Costing Specialist to provide accurate and timely costing analysis, financial reporting and business insights to support informed decision-making across the organisation. The successful candidate will play a key role in ensuring costing accuracy, delivering financial transparency and driving continuous improvement initiatives within the Finance function.

A Day in the Life of...

• Review, analyse and maintain product costing and standard costs to ensure accuracy and consistency in reporting.
• Monitor actual costs against budgets and forecasts, identifying key cost drivers, trends, risks and opportunities.
• Support the annual budgeting, forecasting and standard costing processes in collaboration with Operations, Procurement, Supply Chain and Finance teams.
• Ensure compliance with Nestlé Accounting Standards, Nestlé Costing Standards and internal control requirements.
• Conduct cost and profitability analyses to support business decisions, pricing strategies and portfolio optimisation initiatives.
• Review and analyse manufacturing variances and provide transparency on key cost drivers to relevant stakeholders.
• Analyse operational and financial performance indicators, providing clear insights and recommendations to management.
• Maintain and validate costing master data within SAP and other financial systems to ensure data integrity.
• Participate in continuous improvement and cost optimisation projects to enhance operational efficiency and deliver sustainable savings.
• Support period-end closing activities, reconciliations and financial reporting requirements.
• Collaborate with cross-functional stakeholders to provide costing expertise and financial insights that support business performance.
• Deliver costing knowledge and financial guidance to stakeholders across the business where required.

What Will Make You Successful

• Bachelor's Degree in Accounting, Finance, Business Administration, Economics or a related discipline.
• Minimum 3-5 years of experience in Finance, Costing, Manufacturing Finance or Financial Analysis.
• Experience in manufacturing costing, factory finance or supply chain finance would be highly advantageous.
• Strong understanding of budgeting, forecasting, standard costing and variance analysis.
• Proficiency in SAP and Microsoft Excel, with experience in financial reporting and analysis.
• Strong analytical and problem-solving skills, with the ability to translate complex financial information into practical business insights.
• Excellent communication and stakeholder management skills, with the ability to work effectively across functions.
• Highly organised, detail-oriented and capable of managing multiple priorities in a fast-paced environment.
• A continuous improvement mindset with a proactive approach to process enhancement and operational excellence.