Senior Cost Analyst

Bactiguard; Seberang Perai; On-site; MYR 100,000 - 150,000; Full time

Job summary

A healthcare solutions company in Malaysia is seeking a Senior Cost Analyst to ensure financial sustainability through cost analysis influencing profitability and decision-making. Responsibilities include product costing, financial analysis, budget management, and cross-department collaboration. Candidates should have a Bachelor’s degree in Accounting and 3-5 years of experience in the manufacturing sector, with strong skills in cost reporting and analysis.

Qualifications

• Bachelor’s Degree in Accounting, Cost Accounting, or a related discipline.
• Minimum 3 to 5 years of experience in the manufacturing sector.
• Strong background in cost reporting and analysis.

Responsibilities

• Prepare and analyze product costs for accuracy and compliance.
• Develop cost estimates for projects assessing labor and material needs.
• Perform cost variance analysis, budgeting, and forecasting.
• Collaborate with various departments to provide cost insights.
• Manage and monitor departmental/project budgets.
• Generate financial reports to support management decisions.
• Calculate and maintain product pricing structures.
• Ensure accurate inventory valuation and cost tracking.
• Maintain the fixed asset register to meet accounting standards.
• Support monthly closing activities including journal entries.

Skills

Cost analysis

Budget management

Financial analysis

Cross-functional collaboration

Cost estimation

Education

Bachelor’s Degree in Accounting or related discipline

Job description

Role Summary

The Senior Cost Analyst plays a vital role in supporting Bactiguard’s financial sustainability by delivering accurate cost analysis that directly influences profitability and strategic decision-making. This position requires close collaboration across departments to streamline cost structures, optimize pricing, and support overall financial planning and control.

Key Responsibilities

• Product Costing: Prepare and analyze product costs, including material, labor, and overhead components to ensure accuracy and compliance.
• Cost Estimation: Develop cost estimates for new and ongoing projects by evaluating requirements and calculating labor, material, and time expenditures.
• Financial Analysis: Perform cost variance analysis, budgeting, and forecasting activities to support business strategy and enhance cost efficiency.
• Cross-Functional Collaboration: Partner with production, procurement, finance, and other departments to provide cost-related insights and recommend cost optimization strategies.
• Budget Management: Prepare, manage, and monitor departmental and project budgets, ensuring alignment with organizational financial goals.
• Reporting: Generate and maintain comprehensive financial reports to support management decision-making.
• Pricing Management: Calculate and maintain product pricing structures, ensuring timely updates in accordance with cost fluctuations.
• Inventory Costing: Collaborate with production and procurement teams to ensure accurate inventory valuation and cost tracking.
• Fixed Asset Management: Maintain and update the fixed asset register, ensuring accuracy and adherence to applicable accounting standards.
• Month-End Closing: Support monthly closing activities, including preparation of cost-related journal entries and reconciliation of asset transactions.

Qualifications & Requirements

Education: Bachelor’s Degree in Accounting, Cost Accounting, or a related discipline.

Experience: Minimum 3 to 5 years of relevant working experience in the manufacturing sector with a strong background in cost reporting and analysis.