Cost Monitoring & Analysis: Monitor and analyze monthly/quarterly/annual direct and indirect costs across departments and projects, ensuring accuracy and compliance with budget forecasts.
Cost and Management Reporting: Prepare and present regular cost reports for management review, highlighting key variances and trends.
Cost Allocation: Review and allocate costs related to raw materials, labor, overheads, and inventory, ensuring proper cost absorption and accurate financial records.
Budgeting & Forecasting: Assist in the preparation of annual budgets and periodic forecasts related to cost management, including variance analysis and corrective actions.
Inventory Management: Ensure accurate valuation of inventory and reconcile inventory discrepancies with financial records.
Internal Controls and Process Improvement: Develop and maintain cost accounting procedures and internal controls to safeguard assets and ensure compliance with financial regulations.
Cost Optimization: Identify opportunities for cost reduction and provide recommendations to improve profitability without compromising quality.
Collaboration: Work closely with cross-functional teams (production, procurement, and operations) to gather relevant cost data and provide financial insights.
ERP System Maintenance: Manage and update cost data in the companys ERP system, ensuring data accuracy and consistency.
Audit Support: Assist in internal and external audits by providing necessary cost-related documentation and explanations.
Qualifications:
Education: Bachelors degree in Accounting, Finance, or related field. Professional certifications (e.g., ACCA, CPA, CIMA) are an advantage.
Experience: Minimum 12 years of relevant work experience in cost accounting, management accounting business management, or a similar finance role.
Technical Skills: Proficiency in accounting software and ERP systems (e.g., SAP). Advanced Microsoft Office (Excel, Powerpoint) skills are a must. Dashboard software Power BI etc. is an advantage.
Analytical Skills: Excellent problem-solving and analytical abilities with keen attention to detail.
Additional Skills (Desirable):
Experience in manufacturing or project-based industries.
Knowledge of financial reporting requirements.
Strong adaptability, organizational, reorganization and time-management skills to handle multiple priorities effectively.
Good communication skills in Bahasa Malaysia and English, both written and spoken. Those who able to communicate in Korean would be an added advantage.
