Senior Cost Accountant

SML Group Limited; Beylikdüzü; On-site; TRY 420,000 - 540,000; Full time

Job summary

SML Group Limited is seeking a Cost Accountant in Turkey to analyze raw-material costs, perform landed-cost calculations and true-cost measurements. You will work with Production, Procurement, and Finance to assess financial impacts of sourcing decisions and inventory strategies.

You will maintain product-cost structures, perform standard-cost updates, and contribute to monthly cost and profitability reviews. Strong IFRS/GAAP knowledge and D365 experience are preferred.

Qualifications

• Bachelor’s degree in a finance or accounting discipline with strong cost accounting knowledge.
• Experience in manufacturing cost accounting and IFRS/local GAAP is preferred.
• Proficient in Excel and financial analysis, with good planning and reporting skills.

Responsibilities

• Develop and maintain product-cost structures, BOMs, labor and overhead data.
• Conduct true-cost analysis and monthly cost, inventory and profitability reporting.
• Analyze supplier cost comparisons and landed costs with regional implications.
• Monitor inventory movements, WIP, and variances to support budgeting.
• Collaborate with Procurement, Production, Warehouse and Supply Chain to optimize costs.
• Provide financial input to purchasing timing and cash-flow planning.

Skills

Advanced Excel

Financial-analysis

Analytical skills

Planning skills

Reporting skills

Education

Bachelor's degree in Accounting, Finance, Economics, Business Administration or related discipline

Tools

LOGO/Logo Tiger

D365 Cost Accounting

Job description

The Cost Accountant is responsible for raw-material cost analysis, supplier cost comparison, landed-cost calculation, true-cost measurement, inventory valuation, manufacturing cost accounting, COGS and operational profitability analysis.

The position works closely with Procurement, Supply Chain, Production, Warehouse, AP and the Finance Manager to evaluate the full financial consequences of raw-material and sourcing decisions.

The Cost Accountant does not determine production demand independently and does not replace Procurement or Supply Chain. The role evaluates and challenges the financial, inventory, working-capital and profitability consequences of their plans.

Key responsibilities

A. Raw-material requirements and lead-time analysis

• Work with Production Planning and Supply Chain to understand raw-material requirements arising from production forecasts and customer orders.
• Review raw-material demand, existing inventory, outstanding purchase orders and expected consumption.
• Monitor supplier production lead time, transportation lead time and customs-clearance lead time.
• Evaluate the financial effect of:
• Safety-stock requirements
• Reorder points
• Long lead times
• Advance-payment requirements
• Inventory holding periods
• Expiry or obsolescence risk
• Identify potential excess stock, shortages and working-capital risks.
• Provide financial input to purchasing-timing decisions.
• Provide raw-material purchasing and inventory assumptions for the Finance Manager’s cash-flow forecast.

The Cost Accountant provides financial analysis but does not independently select suppliers or approve purchase orders.

B. Supplier and cost comparison

• Review supplier quotation comparisons prepared by the AP & Import Finance Accountant.
• Evaluate supplier alternatives based on total financial impact rather than unit price alone.
• Analyse:
• Purchase price
• Currency
• Payment terms
• Insurance
• Broker and clearance fees
• Storage and demurrage risk
• Lead time
• Quality yield
• Waste and rejection rates
• Financing and working-capital impact
• Prepare recommendations showing the financial advantages and disadvantages of supplier alternatives.
• Support Procurement and the Finance Manager in supplier and sourcing decisions.
• Maintain historical cost-comparison information.

C. Landed-cost calculation

• Calculate estimated landed cost before purchasing commitments are made.
• Calculate actual landed cost after receipt and customs clearance.
• Include appropriate cost components such as:
• Insurance
• Customs-broker charges
• Port and handling charges
• Qualifying transport costs
• Other directly attributable import costs
• Reconcile estimated landed cost to actual landed cost.
• Ensure landed costs are allocated consistently to the relevant raw materials, products or shipments.
• Work with AP to obtain complete import-cost documentation.
• Work with the Finance Manager to ensure the accounting treatment complies with local GAAP and IFRS/group policy.

D. True-cost measurement

• Develop management true-cost models covering the full economic impact of production and sourcing decisions.
• Include, where relevant:
• Raw materials
• Freight and duties
• Direct labour
• Waste and scrap
• Quality failure and rework
• Storage and demurrage
• Logistics inefficiency
• Inventory carrying cost
• Distinguish clearly between:
• Accounting inventory cost permitted under local GAAP and IFRS/group policy; and
• Broader management true cost used for commercial decision-making.
• Ensure non-qualifying costs are not capitalised merely because they are included in management true-cost analysis.
• Use true-cost analysis to support pricing, sourcing, customer and product profitability decisions.

E. Production and inventory cost accounting

• Maintain product-cost structures in LOGO and D365.
• Maintain relevant bills of material, labour rates, overhead rates and cost-centre data from a finance perspective.
• Lead standard-cost calculations and periodic updates.
• Calculate raw-material, labour, overhead and other manufacturing costs.
• Ensure compliance with the Turkish Uniform Chart of Accounts and applicable 7A cost-accounting requirements.
• Complete month-end cost-accounting records accurately and on time.
• Reconcile raw materials, WIP, finished goods and COGS.
• Review inventory movements, negative stocks and unusual transactions.
• Ensure expenses are recorded against the correct cost centre and expense type.
• Support physical inventory counts.
• Investigate stock-count differences and ensure corrective actions are completed.
• Prepare inventory-ageing and slow-moving or obsolete-stock analysis.
• Prepare inventory-provision recommendations.

F. Cost variances and operational analysis

• Analyse:
• Purchase-price variance
• Material-usage variance
• Labour variance
• Waste and scrap
• Logistics variance
• Identify the root cause of material cost deviations.
• Recommend corrective actions with Procurement, Production, Warehouse and Supply Chain.
• Track agreed cost-saving and efficiency initiatives.
• Prepare COGS and gross-margin analysis.
• Support customer, product, order and channel profitability analysis.
• Provide cost assumptions for the Finance Manager’s budget and forecast.

G. Reporting and communication

• Prepare monthly cost, inventory and profitability reports.
• Present material cost and inventory issues to the Finance Manager.
• Participate in monthly operational and business-performance reviews.
• Provide cost information requested by HQ through the Finance Manager.
• Maintain complete supporting documentation and audit trails.

Responsibilities not owned by the Cost Accountant

The Cost Accountant does not own:

• The total company budget or forecast.
• Treasury, banks or HQ funding requests.
• Overall supervision of AP, AR or tax.
• Final local GAAP, IFRS or group reporting.
• Supplier selection or purchase-order approval.
• Physical production planning.
• Physical logistics or warehouse management.

Required qualifications and experience

• Bachelor’s degree in Accounting, Finance, Economics, Business Administration or a related discipline.
• At least eight years of relevant experience is preferred, including significant production cost-accounting experience.
• Strong knowledge of manufacturing cost accounting.
• Strong understanding of raw-material, logistics, labour, waste and overhead costs.
• Strong knowledge of the Turkish Uniform Chart of Accounts and 7A cost option.
• Hands-on experience with LOGO/Logo Tiger.
• Experience with the D365 Cost Accounting module is strongly preferred.
• Advanced Excel and financial-analysis skills.
• Good knowledge of local GAAP and IFRS inventory and cost-accounting principles.
• Strong analytical, planning and reporting skills.
• Ability to work closely with Procurement, Production, Warehouse and Supply Chain.

Key performance indicators

• Accuracy and timeliness of cost close.
• Difference between estimated and actual landed cost.
• Accuracy of inventory and COGS.
• Inventory-ageing and provision quality.
• Timeliness of cost-variance investigation.
• Reliability of product and customer profitability data.
• Identification and delivery of cost-saving opportunities.
• Accuracy of raw-material and cost assumptions used in forecasts.