Job Purpose
Coordinate and oversee the daily activities of the cost control team to ensure accurate cost allocation, timely reporting, and compliance with company policies and accounting standards. The role supports the Section Head in monitoring costs, preparing analyses, and ensuring the integrity of cost-related data, contributing to effective financial decision-making.
Key Responsibilities
- Supervise day-to-day operations of cost accountants, ensuring tasks are completed accurately and on time.
- Assist in reviewing order quotations to check alignment with profitability targets.
- Monitor actual vs. planned order costs and escalate significant deviations to the Section Head.
- Support the allocation of overhead costs and ensure compliance with internal procedures and accounting standards.
- Assist in preparing annual budgets, forecasts, and variance analysis under the guidance of the Section Head.
- Review and validate cost data entered into ERP systems to ensure accuracy.
- Support inventory control by monitoring warehouse stock data and participating in physical counts.
- Prepare preliminary cost estimates and assist in identifying potential cost-saving opportunities.
- Contribute to the preparation of monthly closing activities and reconciliations.
- Generate and maintain cost reports and ensure timely submission to the Section Head.
- Provide technical support and coaching to junior cost accountants to build team capability.
- Ensure proper documentation and filing of all cost-related reports and records.
Qualification & Education:
Education: Bachelor's degree in Accounting, Finance, or related field
Years of Experience: 5-7 years of progressive experience in cost accounting or cost control, including at least 1-2 years in a supervisory role.
Technical competencies:
- Solid knowledge of cost accounting principles and practices.
- Proficiency in ERP systems (Oracle, SAP, or similar).
- Strong skills in MS Excel and financial analysis.
- Good understanding of budgeting, variance analysis, and cost allocation.
- Familiarity with inventory management and reporting processes.
Interpersonal Competencies:
- Strong organizational and time management skills.
- Ability to supervise and guide junior team members effectively.
- Analytical mindset with attention to detail.
- Strong communication and collaboration skills across finance and operations teams.
- Problem-solving ability with a focus on efficiency and accuracy.
- Reliability, accountability, and commitment to deadlines.
