Cost Accountant

The incumbent will be responsible to oversee and analysing cost expenditures and purchases within the organization. To review services and goods, record data, and make recommendations about cost-efficient and financially feasible cost options.

Key Job Functions

Implement and ensure adherence to cost accounting general principles, procedures, and internal controls.

Maintain and improve costing processes and controls associated with manufacturing of inventory.

Item Master custodian: Maintain inventory master. Create new stock codes, load new BOMs.

Coordinate physical inventory counts and resolve issues.

Investigate inventory variances and ensure controls are in place.

Process and update system with stock adjustments once approved.

Revise and reserve obsolete inventory as required.

Work with the materials review panel to locate and dispose of obsolete inventory.

Update standard and actual costs in the bill of materials.

Assist in ensuring all materials issued and labour has been issued to the jobs.

Perform quarterly cost update in ERP system.

Maintain standard cost of production components and finished goods.

Update quarterly contract/selling price files for approval and update ERP system timeously.

Prepare New product development (NPD) costings and follow-up if theres any costs outstanding to complete the costs.

Prepare margin analysis as requested by the sales team.

Prepare cost committee quarterly analysis file.

Calculate and prepare customer Price Variances to be recovered.

Analysis monthly factory MUVs and PPVs.

Ensure validity and accuracy of inventory master on ERP through analysis, internal audit, and coordination with inventory control, production, and work order processing.

Perform month-end activities related to cost accounting.

Perform any other finance related task assigned from time to time.

Prepare various financial analysis related to manufacturing cost and inventory