Senior Cost Accountant

ALL MARKET SINGAPORE PTE. LTD.; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading multinational company in Singapore is seeking a Senior Cost Accountant to manage monthly COGS close and provide insightful analysis. Candidates should have a degree in Business or Finance and at least 4 years of experience in cost accounting, preferably in MNCs. Proficiency in MS Excel and familiarity with SAP and Power BI are essential for this role.

Qualifications

• At least 4 years of experience in cost accounting in MNCs.
• Must have strong skills in MS Excel including Pivot tables and V-Lookups.
• Experience with SAP and other accounting tools.

Responsibilities

• Accurate and timely monthly, quarterly, and annual closing of the COGS accounts.
• Provide insightful monthly performance analysis for decision-making.
• Collaborate with other teams to reduce product costs.

Skills

Self-motivated

Analytical mindset

Effective communication skills

Team player

Strong MS Excel skills

Education

Degree in Business/Accountancy/Finance

Tools

SAP

Power BI

TM1

Job description

Senior Cost Accountant

Role: Monthly COGS Close and Analysis

The main purposes are to:

• Accurate and timely monthly, quarterly, and annual closing of the COGS accounts.

• Deliver effective support to the Financial Controller in validating the COGS accounts for periodic reporting.

• Provide insightful monthly performance analysis to facilitate understanding and decision-making by senior management.

• Maximize efficiency and identify opportunities to reduce Product costs through close collaboration with other functional teams both internally and externally.

This includes the following elements:

• Responsible for Month-end closing of Product and Other COGS

  • Validate and ensure accuracy and completeness of Product and Other COGS accounts

  • Perform reconciliation of Interco Sales accounts

  • Maintain schedules and prepare journal entries for COGS accruals & adjustments and Purchase Price Variance (PPV) allocation

  • Validate inventory balances and maintain inventory records

  • Prepare monthly variance analysis of forex accounts against prior periods and forecast

  • Verify accuracy of vendor invoices for other COGS and price adjustments

• Systems database maintenance

  • SAP Master Data maintenance of Product cost and Intercompany Prices

  • SAP Master Data maintenance of Vendor and Customer

• Drive SAP and other process improvement projects

• Maintain and update documentation and flowchart of supply chain process

• Other ad-hoc accounting projects or duties as and when assigned

Job Requirements:

• A recognized degree in Business/Accountancy/Finance

• At least 4 years of working experience in cost accounting in MNCs

• Highly self-motivated with a positive attitude

• Must be meticulous and have an analytical mind

• Possess effective communication and people skills

• Possess strong skills in MS Excel (Pivot tables, V-Lookups, Power Query, Power Pivot)

• Experience with SAP, Power BI and TM1

• Good organization skills

• Responsible and highly adaptable

• Team player