Cost Accounting Specialist

Hyundai Motor Group Innovation Center Singapore; Singapore; On-site; SGD 70,000 - 100,000; Full time

Job summary

A leading company in automotive innovation seeks a Cost Accounting Manager to oversee budget management, conduct monthly closings, and optimize costs in their production facilities. The role demands a Bachelor's degree in Accounting and extensive experience in cost accounting, particularly in the manufacturing sector. Successful candidates will have strong analytical skills and proficiency with financial tools like SAP and data analysis software.

Qualifications

• 8 to 10 years of experience in cost accounting.
• Experience in financial accounting role, knowledge of IFRS/SFRS a plus.
• Technical skills in data analysis using tools like R, Python.

Responsibilities

• Conduct monthly closings and develop business plans.
• Manage production inventory and oversee budgets.
• Identify and implement cost reduction plans.

Skills

Cost Analysis

Inventory Management

Financial Reporting

Data Analysis

Cost Accounting

Education

Bachelor's Degree in Accounting

Tools

SAP CO Module

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.