About This Role
This senior accounting role focuses on managing and analyzing manufacturing costs, budgeting, and inventory for the company. It suits a meticulous professional with a strong background in cost accounting within a manufacturing environment.
Responsibilities
- Collaborate with business units, operations, and supply chain teams by providing accurate financial insights for management of inventories and manufacturing cost-related matters
- Work extensively with the procurement and production team in handling product costing to develop actual cost/standard cost models, maintain periodic cost revision exercises, and ensure accuracy in the Bill of Materials
- Periodically review and analyze production, manufacturing, and price variance to ensure effective cost control
- Monitor production yields, scrap rates, and wastage, providing data-driven insights to reduce waste and improve efficiency
- Review and analyze fixed and variable cost reports, provide commentary on cost behavior patterns, and identify cost-saving opportunities
- Track and record actual expenses for raw materials, direct labor, and manufacturing overheads as they occur
- Be responsible for inventory, including physical inventory, inventory control, and reconciling inventory module to general ledger and other tasks related to inventory and cost of goods sold
- Actively participate in the annual budget, business plan, and monthly rolling forecast process by providing updated cost information across different product lines and manufacturing lines
- Participate in month-end closing activities, analyzing financial performance and budget vs. actual result variance analysis
- Perform balance sheet reconciliations for inventory accounts to ensure accuracy of the general ledger
- Conduct thorough assessment of CEA/EA applications, analyze applicants' justifications, provide constructive financial challenges to promote cost efficiency, and ensure expenditures remain within approved budget limits and company financial guidelines
- Develop a strong understanding of data inputs in support of Standard Cost setting
- Support accounting tasks as needed and participate in special projects such as system upgrades, e-invoicing implementation, and UAT testing
- Be involved in ERP system process improvement, leveraging capabilities and identifying areas for process improvement
- Support external audit and tax preparation functions as relates to cost accounting
- Maintain internal control documentation, provide government and statistic reports, assist in annual audit and tax reporting
- Liaise with internal/external stakeholders as and when necessary
- Perform people management responsibilities, which include planning, assigning tasks, publishing KPIs related to the team's process area, coaching, and development
