Cost Accounting Specialist

Hyundai Motor Group Innovation Center In Singapore Pte. Ltd.; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading company is seeking a Cost Accountant to oversee cost accounting, manage budgets, and conduct thorough analysis of inventories. The ideal candidate will have extensive experience in the manufacturing sector, ensuring accuracy in cost assessments and financial reporting. This role offers a unique opportunity to actively contribute to financial strategies and optimize performance based on detailed data analysis.

Qualifications

• 8-10 years experience in cost accounting required.
• Experience in the manufacturing industry is beneficial.
• Prior knowledge of financial accounting and IFRS/SFRS is advantageous.

Responsibilities

• Conduct monthly COGS closing and report to management.
• Perform P&L estimation by comparing budget and actual performance.
• Manage production facilities and ensure inventory soundness.

Skills

Cost Accounting

Inventory Management

Data Analysis

Cost Structure Analysis

IFRS/SFRS Knowledge

Project Management Support

Education

Bachelor's Degree in Accounting

Tools

SAP CO Module

Analytical Tools (R, Python)

Job description

Your Mission

This position is responsible for conducting monthly closings and developing business plans. Additionally, it entails managing and conducting due diligence on the production corporation's inventories, overseeing the factory budget, and leading the optimization of costs, as well as chairing the operating cost optimization committee.

What To Expect

• Perform monthly COGS closing and report to Management and HQ on time.
• Conduct COGS analysis (Actual vs Plan vs Standard)
• Support Project Managers in managing planned investment budgets and current budget status.
• Perform monthly/annual P&L Estimation by comparing annual plan and actual performances.
• Establish criteria for analyzing the cost of performance by setting standard material costs and standard processing costs.
• Identify inefficient processes and devise/implement a cost reduction plan through analysis of standard and performance differences.
• Manage production facilities and inventory of production materials, ensuring asset soundness by checking consistency with the actual products.
• Reconcile books with actual objects to prevent cost distortion and conduct regular stock-taking.
• Maintain an appropriate level of inventory/materials.

What You'll Bring

• Bachelor's Degree in Accounting or a relevant discipline.
• Total 8 to 10 years of experience in cost accounting (sales cost settlement, inventory asset management, etc.).
• Prior experience in a financial accounting role with knowledge of IFRS/SFRS and its application would be highly advantageous.
• Experience in the manufacturing industry/cost accounting would be beneficial.
• Technical skills in actual cost settlement using the CO module of the SAP system.
• Technical skills in analyzing cost structure and manufacturing costs.
• Understanding of cost accounting and rational allocation of costs.
• Technical skills in analyzing big data using analytical tools such as R, Python, etc.