Manufacturing Cost Accounting Lead — Budgets, Inventory & Variance

VisionPower Semiconductor Manufacturing Company (VSMC); Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

VisionPower Semiconductor Manufacturing Company (VSMC) in Singapore is seeking an experienced finance professional to lead month-end closings for manufacturing costs and inventory, and to drive cost accounting accuracy. You will analyze variances against forecasts, coordinate standard cost development, and support annual budgeting with cross-functional teams, ensuring adherence to GAAP and IFRS.

Your role includes partnering with auditors and driving process improvements to enhance efficiency

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related discipline, or a recognized professional accounting qualification.
• Minimum 5 years of relevant experience in accounting or finance, preferably within a semiconductor FAB, manufacturing, or other industrial environment.
• Strong knowledge of financial accounting, cost accounting, inventory accounting, budgeting, and variance analysis.
• Experience working with cross-functional stakeholders and managing finance-related projects.
• Strong analytical, problem-solving, and organizational skills with attention to detail.
• Independent, proactive, and hands-on approach with the ability to manage multiple priorities.
• Good understanding of internal controls and accounting standards, including GAAP and IFRS.
• Proficient in English, with strong written and verbal communication skills.
• Experience with Oracle ERP or other ERP systems is an advantage.

Responsibilities

• Lead and oversee month-end closing activities related to manufacturing costs, inventory, and cost accounting.
• Analyze actual manufacturing costs against forecasts, budgets, and standard costs, and identify key variances and drivers.
• Coordinate with relevant departments on standard cost development, review, and updates, and evaluate variances between actual and standard costs.
• Coordinate the annual budgeting process with relevant departments and prepare budget and financial analysis reports.
• Monitor monthly expenses to ensure actual and forecast costs are accurate and within approved budgets.
• Ensure inventory accounting and cost accounting practices comply with internal control policies and applicable accounting standards, including GAAP and IFRS.
• Plan and coordinate annual physical inventory counts with manufacturing sites and internal/external auditors, ensuring physical inventory is reconciled with accounting records.
• Liaise with internal and external auditors during operational and quarterly audits and provide timely responses and supporting documentation.
• Drive continuous improvement of cost accounting, inventory, and financial processes to improve efficiency, accuracy, and cost effectiveness.
• Support finance and business stakeholders on cost accounting matters, financial analysis, and ad-hoc assignments as required.

Skills

Analytical thinking

Problem solving

Organizational skills

Attention to detail

Cross-functional collaboration

Communication

Proactive

Education

Bachelor’s degree in Accounting

Tools

Excel

Oracle ERP

Job description

VisionPower Semiconductor Manufacturing Company (VSMC) in Singapore is seeking an experienced finance professional to lead month-end closings for manufacturing costs and inventory, and to drive cost accounting accuracy. You will analyze variances against forecasts, coordinate standard cost development, and support annual budgeting with cross-functional teams, ensuring adherence to GAAP and IFRS.

Your role includes partnering with auditors and driving process improvements to enhance efficiency