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Cost Accountant
Job summary
A manufacturing firm in Malaysia is seeking a highly motivated Cost Accountant to join their Finance Department. You will develop product cost standards, calculate production costs, and analyze discrepancies. Applicants should have at least 5 years of experience in cost accounting and possess strong analytical skills. Proficiency in English and Malay is essential, along with ACCA or a Bachelor's degree in Accounting. This is an excellent opportunity to grow in a dynamic work environment.
Qualifications
- Candidates possess at least ACCA or a Bachelor of Accounting.
- Minimum 5 years of working experience in cost accounting, preferably in the manufacturing industry.
- Well-versed with cost accounting principles and inventory management.
- Computer literacy with knowledge of Microsoft Office applications.
- Proficiency in English, Bahasa Malaysia and Mandarin.
- Possess a strong level of analytical skill, numeracy and strong in financial, cost and management accounting understanding.
- A well-organized, self-starter and able to follow standard filing procedures.
- Ability to work well with other team members and under pressure to achieve a very tight accounts schedule.
Responsibilities
- Develop and maintain standard product cost per unit, including labor and overheads.
- Calculate and allocate production costs.
- Analyse actual manufacturing costs and prepare periodic variance reports.
- Collaborate with production and procurement for accurate costing.
- Monitor inventory levels and perform reconciliation.
- Support pricing decisions through margin analysis.
- Participate in development and implementation of cost control measures.
- Attend physical stock counts and perform recount if necessary.
Skills
Education
INV New Material Technology (M) Sdn. Bhd. is the first Li-ion battery separator factory in ASEAN. It is a manufacturer and seller of lithium-ion battery separators and provides customers with technical solutions that meet the evolving needs of clients. We offer a dynamic and conducive working environment where employees can grow and excel. Currently, the Finance Department is looking for a highly motivated and creative Cost Accountant to join our growing team. In this role, you will be a specialist in Costing and Inventory.
- Develop and maintain standard product cost per unit (labor, depreciation, maintenance and fixed overheads).
- Calculate and allocate production costs (labor, variable and fixed overheads).
- Analyse actual manufacturing costs and prepare periodic reports comparing standard costs to actual production costs. Prepare variance analysis (labor, materials, overheads) and report findings to management.
- Collaborate with production and procurement teams to ensure accurate costing of raw materials and packaging.
- Monitor inventory levels and perform inventory reconciliation, including analysis of spoilage, shrinkage, and wastage. Assist in the preparation of annual budgets and monthly forecasts.
- Support pricing decisions through product margin analysis.
- Participate in the development and implementation of cost control measures.
- Attend physical stock counts on the 1st day of every month.
- Perform recount if the variance is more than 1% on inventory value.
- Perform any assignments related to the company as and when required.
- Candidates possess at least ACCA or a Bachelor of Accounting.
- Minimum 5 years of working experience in cost accounting, preferably in the manufacturing industry.
- Well-versed with cost accounting principles and inventory management.
- Computer literacy with knowledge of Microsoft Office applications.
- Proficiency in English, Bahasa Malaysia and Mandarin.
- Possess a strong level of analytical skill, numeracy and strong in financial, cost and management accounting understanding.
- A well-organized, self-starter and able to follow standard filing procedures.
- Ability to work well with other team members and under pressure to achieve a very tight accounts schedule.
* The salary benchmark is based on the target salaries of market leaders in their relevant sectors. It is intended to serve as a guide to help Premium Members assess open positions and to help in salary negotiations. The salary benchmark is not provided directly by the company, which could be significantly higher or lower.