Cost Accountant (Manufacturing)
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Job Location:
Monthly Salary:
Posted on:
2 days ago
Vacancies:
1 Vacancy
Job Summary
Costing & Inventory Management
ü Develop and maintain accurate product cost structures (raw materials labor overheads).
ü Perform standard costing and update Bills of Materials (BOMs).
ü Conduct inventory valuation and periodic stock reconciliations.
ü Monitor raw material usage and wastage levels in production.
Budgeting & Forecasting
ü Prepare production budgets and cost forecasts.
ü Monitor actual costs against budgets and analyze variances.
ü Support annual budgeting and quarterly forecast processes
Variance & Performance Analysis
ü Analyze material labor and overhead variances.
ü Provide detailed reports on cost drivers and recommend corrective actions.
ü Support pricing decisions through margin and contribution analysis
Production & Operational Support
ü Work closely with Production and Procurement teams to optimize cost efficiency.
ü Monitor work-in-progress (WIP) and finished goods costing.
ü Evaluate cost-saving opportunities and process improvements.
Financial Reporting & Compliance
ü Prepare monthly cost reports and management dashboards.
ü Ensure compliance with accounting standards and internal control policies.
ü Support external and internal audits with required documentation.
Systems & Process Improvement
ü Maintain and improve costing systems within ERP/accounting software.
ü Enhance reporting automation and cost tracking mechanisms
Requirements
Qualifications & Experience
ü Bachelors Degree in Accounting Finance or related field.
ü CPA Level 3 or ACCA (completed or finalist preferred).
ü Minimum 35 years experience in cost accounting preferably in a manufacturing environment.
ü Strong understanding of standard costing process costing and inventory management.
ü Proficiency in ERP systems and Microsoft Excel (advanced level).
Key Competencies
ü Strong analytical and problem-solving skills.
ü High attention to detail and accuracy.
ü Ability to interpret production data and translate into financial insights.
ü Excellent communication and reporting skills.
ü Ability to work under pressure and meet tight deadlines.
ü Strong interpersonal skills to collaborate with cross-functional teams.
Performance Indicators (KPIs)
ü Accuracy of product costing and inventory valuation.
ü Reduction in cost variances and material wastage.
ü Timeliness of monthly cost reports.
ü Improved gross margin through cost optimization.
ü Compliance with internal controls and audit requirements
Company Industry
IT Services and IT Consulting
Key Skills
- Datastage
- Aircraft Operations
- API
- ABAP
- Light Vehicle Driving
- Corporate Recruitment
