The Account Executive- Manufacturing Costing is responsible for managing and monitoring manufacturing costs, preparing product costing, analyzing production variances, and providing accurate financial information to support management decision-making. The role works closely with the Production, Purchasing, Warehouse, and Operations teams to ensure manufacturing costs are accurately captured, allocated, and reported.
Key responsibilities
- Prepare and maintain product standard costs, including raw materials, direct labor, manufacturing overhead, and other production costs.
- Calculate and review actual production costs and product costs.
- Monitor and update costing based on changes in raw material prices, labor costs, production processes, and overhead expenses.
- Review Bills of Materials (BOM), production processes, and costing assumptions for accuracy.
- Ensure costing data is properly maintained in the accounting/ERP system.
- Analyze manufacturing cost variances between standard, budgeted, and actual costs.
- Investigate material usage, purchase price, labor, production efficiency, and overhead variances.
- Prepare monthly manufacturing costing and variance reports for management.
- Monitor inventory valuation and ensure manufacturing inventory is accurately recorded.
- Work with Production and Operations teams to identify cost-saving opportunities.
Job Requirements:
- Diploma or Degree in Accounting, Finance, or a related field.
- 2-5 years of relevant accounting, costing, or manufacturing finance experience.
- Good understanding of standard costing, variance analysis, BOM, WIP, inventory valuation, and manufacturing overhead allocation.
- Proficient in Microsoft Excel; experience with ERP/accounting systems is highly desirable.
- Strong analytical, numerical, and problem-solving skills.
- Good attention to detail and ability to work with large volumes of financial and production data.
- Good communication and interpersonal skills, with the ability to work effectively with non-finance departments.
- Able to work independently, meet deadlines, and handle month-end closing requirements.