Senior Cost Accountant

ALL MARKET SINGAPORE PTE. LTD.; Pasir Panjang; On-site; MYR 60,000 - 80,000; Full time

Job summary

A multinational corporation is seeking a candidate for the Monthly COGS Close and Analysis role. Responsibilities include accurate monthly closings, performance analysis, and collaboration on cost reduction initiatives. The ideal candidate has a degree in finance, at least 4 years of cost accounting experience, and strong skills in MS Excel and SAP. This role is based in Negeri Sembilan, Malaysia.

Qualifications

• At least 4 years of working experience in cost accounting in MNCs.
• Self-motivated with a positive attitude.
• Meticulous with good organization skills.

Responsibilities

• Ensure accurate and timely monthly, quarterly, and annual closing of COGS accounts.
• Support the Financial Controller in validating COGS accounts.
• Provide insightful monthly performance analysis to senior management.

Skills

Analytical mind

Strong communication skills

MS Excel proficiency

Team player

Education

Degree in Business/Accountancy/Finance

Tools

SAP

Power BI

TM1

Job description

Role: Monthly COGS Close and Analysis

The main purposes are to:

• Accurate and timely monthly, quarterly, and annual closing of the COGS accounts.
• Deliver effective support to the Financial Controller in validating the COGS accounts for periodic reporting.
• Provide insightful monthly performance analysis to facilitate understanding and decision-making by senior management.
• Maximize efficiency and identify opportunities to reduce Product costs through close collaboration with other functional teams both internally and externally.

This includes the following elements:

• Responsible for Month-end closing of Product and Other COGS
  • Validate and ensure accuracy and completeness of Product and Other COGS accounts
  • Perform reconciliation of Interco Sales accounts
  • Maintain schedules and prepare journal entries for COGS accruals & adjustments and Purchase Price Variance (PPV) allocation
  • Validate inventory balances and maintain inventory records
  • Prepare monthly variance analysis of forex accounts against prior periods and forecast
  • Verify accuracy of vendor invoices for other COGS and price adjustments
• Systems database maintenance
  • SAP Master Data maintenance of Product cost and Intercompany Prices
  • SAP Master Data maintenance of Vendor and Customer
• Drive SAP and other process improvement projects
• Maintain and update documentation and flowchart of supply chain process
• Other ad-hoc accounting projects or duties as and when assigned

Job Requirements:

• A recognized degree in Business/Accountancy/Finance
• At least 4 years of working experience in cost accounting in MNCs
• Highly self-motivated with a positive attitude
• Must be meticulous and have an analytical mind
• Possess effective communication and people skills
• Possess strong skills in MS Excel (Pivot tables, V-Lookups, Power Query, Power Pivot)
• Experience with SAP, Power BI and TM1
• Good organization skills
• Responsible and highly adaptable
• Team player