Cost Accountant

Key Responsibilities:

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  Cost analysis and control: Identify and analyze cost drivers, prepare cost reports, and recommend cost-saving strategies. Conduct detailed analysis of operational expenses, cost variances, and trends to identify areas for improvement and cost savings.


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  Budgeting and forecasting: Assist in creating budgets, forecasting costs, and monitoring performance against the budget through variance analysis.


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  Financial reporting: Produce monthly management accounts, profit and loss statements, and other financial reports for senior management.


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  Inventory management: Monitor and value inventory, coordinate stock takes and ensure accurate tracking of the cost of goods sold.


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  Pricing support: Provide cost-based data to help management in setting prices for products and services.


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  Compliance: Ensure adherence to cost accounting standards and regulations


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  Monitoring and reporting: Monitor expenditures, track financial performance, and prepare accurate and timely reports, including variances, for management and stakeholders
  


• Ensure accurate product costing, margin analysis, and cost optimization.


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  Process improvement: Work with production and operational teams to improve efficiency and implement cost-effective strategies


• Maintaining standard costs, BOMs, routings, and overhead rates in the SAP; leading month-end close for COGS, absorption, and variances; performing materials, labor, and overhead variance analyses and product profitability analyses; driving cost-reduction initiatives, cost-to-serve and activity-based costing analyses


• Responsible continuous process improvements: generating management reports and dashboards with KPIs (COGS, gross margin, unit cost, scrap/defects) and providing decision-support for pricing, make/buy, and capital projects.


• Ensuring GAAP/IFRS compliance and internal controls including SOX as applicable; collaborating with all department like, Marketing, Manufacturing, Rental, Engineering, Procurement, and FP&A etc.

Qualification & Skills:

• Qualifications include a bachelor's degree in accounting/finance (CMA preferred)


• 7+ years of cost accounting experience in manufacturing; strong knowledge of standard costing, absorption costing, and BOM/routings; SAP experience (SAP B1, or equivalent); advanced Excel and data-analysis skills; familiarity with Power BI/SQL a plus; and excellent analytical, problem-solving, communication, and cross-functional collaboration abilities.


• Strong understanding of financial principles and deposit processes.


• Excellent attention to detail and problem-solving skills.


• Proficient in Microsoft Excel and financial software.


• Strong communication and organizational skills.


• Ability to work in a fast-paced environment and handle multiple tasks.