COSTING EXECUTIVE

Key Responsibilities:

• Cost Analysis:
• Develop and maintain cost models for products and processes.
• Analyse costs of materials, labour, and overhead to support pricing strategies.
• Conduct variance analyses to identify discrepancies between standardized costs and actual costs.
• Manufacturing Costing and Stock Valuation:
• Assist in setting up the manufacturing costing and stock valuation methods in accordance with accounting policies.
• Bill of Materials (BOM) Validation:
• Verify the Bill of Materials (BOM) and perform validation on the monthly manufacturing costing data.
• Update standard costs in the BOM and review standard and actual costs for inaccuracies.
• Budgeting and Forecasting:
• Assist in the preparation and management of annual budgets.
• Prepare cost forecasts based on historical data and market trends.
• Monitor budget expenditures and conduct regular reviews to ensure compliance.
• Production Overhead Review:
• Review production overhead and variances to ensure accuracy of product costing.
• Prepare and present regular cost reports to management, highlighting trends and insights.
• Fixed Assets Management:
• Responsible for fixed assets transactions, reconciliation, reporting, and capital expenditure (capex) tracking.
• Collaboration:
• Work closely with production, procurement, and sales teams to gather relevant costing information.
• Support project managers in cost estimation for new projects and bids.
• Audit Coordination:
• Coordinate and liaise with internal and external auditors as required.
• Continuous Improvement:
• Identify opportunities for cost reduction and process improvements.
• Implement best practices in cost management and assist in the development of policies and procedures.
• Compliance:
• Ensure compliance with accounting standards and company policies related to costing.
• Assist in internal and external audits related to cost accounting.
• Other Duties:
• Undertake other ad-hoc tasks as directed by the superior.

Qualifications:

• Bachelor's degree in Accounting, Finance, or a related field.
• Professional qualification (e.g., ACCA, CIMA, CPA) is an advantage.
• Minimum 2-3 years of relevant experience in a costing or finance role, preferably in the manufacturing sector.

Skills:

• Strong analytical skills and attention to detail.
• Proficiency in accounting software and Microsoft Excel.
• Excellent communication and interpersonal skills.
• Ability to work under pressure and meet tight deadlines.

Key Performance Indicators (KPIs):

• Accuracy of cost reports and variance analysis.
• Timeliness of budget submissions and forecasts.
• Identification of cost savings and efficiency improvements.

Perks & Benefits

• Medical
• EPF
• Sosco