Cost Analyst

Job Responsibilities

Cost accounting management

• Lead, mentor, and develop the costing team to ensure high performance and compliance with corporate requirements.

• Manage and execute the Company's actual costing process, including the calculation and analysis of material costs and finished goods inventory.

• Perform month-end closing activities related to costing including WIP settlement, variance analysis and final cost runs.

• Maintain standard cost, performing annual/ quarterly cost rolls and comparing actual costs to standard costs to identify key drivers of variances.

Inventory and valuation

• Ensure the accurate valuation of raw materials, WIP and finished goods inventory.

• Analyze and track inventory movements, obsolescence and reserves.

• Conduct and oversee the physical inventory count process and reconcile any discrepancies with the SAP system records.

SAP and system expertise

• Work closely with accounts team and IT to optimize costing processes within SAP and support new system implementations or upgrades.

• Work closely with SAP team to develop and maintain custom SAP reports to analyze cost of goods sold and cost variances.

Financial analysis and reporting

• Provide in-dept cost analysis and reporting to Accounts Department Head, including profitability by product, customer, etc.

• Prepare and complete internal and external cost audits.

• Support the annual budgeting and forecasting processes by providing detailed cost inputs and assumptions.

• Partner with operations and supply chain teams to identify and track cost saving opportunities and process efficiencies.

• Perform any other duties or special assignments as required by senior management.

Qualifications

• Bachelor's degree in accounting, finance or related field. Experience

• Minimum 5 to 7 years of hands-on experience in costing and manufacturing cost accounting, preferably within manufacturing environment.

• Proven in-depth knowledge with SAP Co module, product costing and actual costing.

• Strong understanding of accounting principles, costing reporting and regulatory

compliance.