Cost Analyst (Manufacturing)

EVOLUTION RECRUITMENT SOLUTIONS PTE. LTD.; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A manufacturing consultancy in Singapore is seeking a Cost Analyst to lead cost analysis in a manufacturing environment. The role requires 3–5 years of relevant experience and a Bachelor's degree in Accounting, Finance, or Economics. Key responsibilities include analyzing costs against standards, supporting budgeting and forecasting processes, and ensuring accurate inventory valuation. Candidates should possess a solid understanding of COGS and manufacturing processes. This role offers opportunities for process improvements and drives cost transparency.

Qualifications

• 3–5 years of cost or management accounting experience in the manufacturing industry.
• Solid understanding of COGS, manufacturing processes, and margin drivers.

Responsibilities

• Analyze monthly actual vs. standard costs and provide insights.
• Assess material usage, labor efficiency, and overhead absorption.
• Ensure accurate inventory valuation and effective management of variances.
• Provide cost assumptions for budgets and forecasts.
• Strengthen ERP costing processes and improve reporting.

Skills

Cost analysis

Budgeting

Forecasting

Inventory management

Variance analysis

Education

Bachelor’s in Accounting/Finance/Economics

Job description

This role leads cost analysis within a manufacturing environment, focusing on COGS, production costs, and inventory valuation. The analyst will partner closely with Production and Procurement to drive cost transparency, control, and improvement.

Key Responsibilities

• Cost Accounting & Variance Review Analyze monthly actual vs. standard costs, investigate material/labor/overhead variances, and provide clear insights with recommended actions.
• Production Cost & Performance Analysis Assess material usage, labor efficiency, machine utilization, and overhead absorption. Track manufacturing KPIs and highlight cost drivers affecting gross profit.
• Inventory Valuation & Standard Costing Ensure accurate inventory valuation, proper COGS flow, and effective management of manufacturing variances. Support regular standard cost reviews.
• Budgeting, Forecasting & Decision Support Provide cost assumptions, GP projections, and analysis for budgets, forecasts, CapEx, and cost‑benefit studies. Identify opportunities to optimize cost and margin.
• Process & System Improvements Strengthen ERP costing processes, improve BOM and cost accuracy, and drive continuous improvement in costing methodologies and reporting.

Qualifications

• Bachelor’s in Accounting/Finance/Economics
• 3–5 years of cost or management accounting experience in manufacturing industry
• Solid understanding of COGS, manufacturing processes, and margin drivers