Senior Cost Accountant

MKA Group; Selangor; On-site; MYR 70,000 - 110,000; Full time

Job summary

MKA Group in Malaysia is seeking an experienced Costing Professional to support manufacturing operations with accurate product costing, inventory valuation, and margin analysis. You will collaborate with Finance, Operations, Procurement, and Production to implement cost control initiatives and drive profitability.

Ideal candidates have at least 5 years of costing experience in manufacturing, strong Excel skills, and familiarity with standard costing, BOM structures, and ERP costing modules.

Qualifications

• Minimum 5 years costing experience in a manufacturing environment.
• Strong understanding of standard costing, BOM structures, inventory accounting.
• Advanced Microsoft Excel skills.
• Ability to work independently and manage multiple priorities.
• Strong communication and stakeholder management; continuous improvement mindset.

Responsibilities

• Develop, maintain, and update standard costing for all products.
• Perform cost roll-ups and analyze product cost structures, including material, labor, and overhead costs.
• Monitor actual manufacturing costs against standard costs and investigate variances.
• Conduct monthly cost variance analysis and recommend corrective actions.
• Support new product costing, quotation reviews, and profitability assessments.
• Ensure accurate inventory valuation and review inventory movements and stock variances.
• Prepare monthly manufacturing KPI reports and support budgeting processes.
• Identify opportunities for cost reduction and process improvement; implement ERP costing enhancements.
• Support audits relating to inventory and manufacturing costs and maintain audit trails.

Skills

Costing

BOM structures

Inventory accounting

Financial analysis

ERP costing modules

Advanced Excel

Education

Bachelor's degree in Accounting/Finance

Professional accounting qualification (ACCA/CIMA/CPA/ICAEW/MIA)

Tools

ERP costing software

Job description

Jora Malaysia will close on 16th September 2026. Thank you for being with us, we are cheering you on as you continue your career journey.

We are seeking an experienced and detail-oriented Costing Professional to support our manufacturing operations by providing accurate product costing, inventory valuation, margin analysis, and cost control initiatives. The successful candidate will work closely with Finance, Operations, Procurement, and Production teams to ensure accurate costing information and drive continuous improvement in manufacturing efficiency and profitability.

Key Responsibilities

1) Product Costing & Analysis

• Develop, maintain, and update standard costing for all products.
• Perform cost roll-ups and analyze product cost structures, including material, labor, and overhead costs.
• Monitor actual manufacturing costs against standard costs and investigate variances.
• Conduct monthly cost variance analysis and recommend corrective actions.
• Support new product costing, quotation reviews, and profitability assessments.

2) Inventory & Manufacturing Accounting

• Ensure accurate inventory valuation in accordance with company policies and accounting standards.
• Review inventory movements, stock adjustments, and cycle count variances.
• Support monthly inventory reconciliation and physical stock count activities.
• Monitor slow-moving, obsolete, and excess inventory provisions.

3) Financial Reporting & Budgeting

• Prepare monthly manufacturing performance reports and KPI analysis.
• Support annual budgeting and forecasting processes for manufacturing operations.
• Analyze production efficiency, machine utilization, labor productivity, and material consumption trends.
• Assist in month-end and year-end closing activities related to costing and inventory.

4) Cost Control & Process Improvement

• Identify opportunities for cost reduction and operational efficiencies.
• Partner with Production, Finance, and Supply Chain teams to improve cost performance.
• Establish and enhance costing methodologies, controls, and reporting processes.
• Support implementation and optimization of ERP costing modules.

5) Compliance & Audit

• Ensure compliance with accounting standards and internal control requirements.
• Support internal and external audits relating to inventory and manufacturing costs.
• Maintain proper documentation and audit trails for costing records.

Requirements

Bachelor's Degree in Accounting, Finance, Cost Accounting, or related discipline. Professional accounting qualification (ACCA, CIMA, CPA, ICAEW, MIA or equivalent) is an added advantage.

Minimum 5 years of relevant costing experience within a manufacturing environment. Strong understanding of standard costing, BOM structures, inventory accounting, and manufacturing processes.

Strong analytical and problem-solving skills; Advanced Microsoft Excel skills.

Ability to work independently and manage multiple priorities.

Strong communication and stakeholder management skills. Continuous improvement mindset and commercial awareness.

Experience in automotive manufacturing industry is highly preferred and will be an added advantage.

Additional Info

Our HQ, MKA Group is located at 40, Jln TPP 5, Taman Perindustrian Putra, 47130 Puchong, Selangor