Costing Analyst / Senior Costing Analyst

Knowles Electronics (M) Sdn. Bhd.; George Town; On-site; MYR 100,000 - 150,000; Full time

Job summary

An established industry player is seeking a Costing Analyst to oversee the costing section and prepare detailed financial reports. This role involves maintaining inventory records, preparing budget analyses, and assisting in financial forecasting. The ideal candidate will have a strong background in finance with at least 2-3 years of relevant experience. Join a dynamic team where your analytical skills will contribute to cost-saving projects and financial accuracy, ensuring compliance with statutory requirements. This is a fantastic opportunity to grow your career in a supportive environment.

Qualifications

• 2-3 years of relevant work experience in costing and financial analysis.
• Strong understanding of inventory management and financial reporting.

Responsibilities

• Prepare and present actual vs. budget analyses and variance reports.
• Maintain costing reports and assist in yearly budget preparation.
• Supervise daily administrative functions and validate costing data.

Skills

Costing Analysis

Financial Reporting

Budget Preparation

Variance Analysis

Inventory Management

Data Analysis

Education

Bachelor's Degree in Finance

Post Graduate Diploma in Accountancy

Job description

Costing Analyst / Senior Costing Analyst

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• Day-to-day administration of the Costing Section.
• Maintain and prepare costing reports for monthly financial results reporting.
• Maintain inventory sub-ledger and reconcile it to the General Ledger for statutory and SOX reporting purposes.

Job Responsibilities:

• Prepare and present, on a timely basis, actual vs. budget analyses, accurate forecasts, variance reports, overhead analysis, and manufacturing reports.
• Prepare costing of new products and liaise with Engineering and Document Control to ensure BOM accuracy.
• Assist in yearly budget preparation, half-yearly forecasting, and compilation of the master budget with inputs from all departments.
• Monitor and track cost-saving projects.
• Supervise and assist in managing the daily administrative functions of the section, including providing data for various reports.
• Develop ABC method for store’s daily count, work with store on accuracy improvements, and organize yearly PI count.
• Compile and analyze quarterly E&O reports to identify slow-moving and obsolete inventory.
• Assist in validating costing data for ad hoc and Six Sigma projects.
• Supervise and oversee the maintenance of the inventory sub-ledger and prepare monthly reconciliations to the GL.
• Present and share financial reports, departmental expenses, and other relevant data with the operation team monthly.
• Prepare documentation for external audits and act as an internal auditor for SOX compliance and audits.
• Perform other duties as assigned.

Job Requirements:

• Candidate must possess at least a Bachelor's Degree/Post Graduate Diploma/Professional Degree in Finance, Accountancy, Banking, or equivalent.
• Required languages: Bahasa Malaysia, English.
• At least 2-3 years of relevant work experience.

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