Cost Accountant

General Requirements

✔ Age: 21 to 38 years
✔ Gender: Male

Technical & Accounting Knowledge

✔ Strong knowledge of Cost Accounting and Management Accounting principles and practices.

✔ Good understanding of inventory costing, inventory valuation, and stock reconciliation.

✔ Knowledge of standard costing, cost variance analysis, budgeting, and cost control.

✔ Strong proficiency in Microsoft Excel, including Pivot Tables, SUMIFS, VLOOKUP/XLOOKUP, and basic data analysis.

✔ Hands-on experience with ERP or accounting software such as SAP, Oracle, Odoo, or similar systems.

Analytical & Professional Skills

✔ Strong numerical, analytical, and problem-solving abilities with the capacity to interpret costing and financial data accurately.

✔ Excellent attention to detail and accuracy, particularly when handling cost calculations, inventory records, and financial information.

✔ Ability to prepare clear, accurate, and informative costing, financial, and management reports.

✔ Good communication and coordination skills for working effectively with Production, Procurement, Store, Finance, and other relevant teams.

✔ Ability to identify cost-saving opportunities, improve cost efficiency, and provide practical recommendations to management.

✔ Strong sense of responsibility, confidentiality, and accountability when handling financial, costing, and inventory-related information.

✔ Prepare, maintain, and regularly update product and service cost sheets, ensuring costing data remains accurate and up to date.

✔ Calculate material, labor, overhead, and total production costs accurately based on relevant cost components and available data.

✔ Monitor actual costs against standard, estimated, or budgeted costs and identify significant cost variances.

✔ Analyze cost variances, identify underlying reasons, and provide clear explanations, insights, and recommendations to management.

✔ Maintain accurate records of inventory, raw materials, work-in-process (WIP), and finished goods for effective cost and inventory control.

✔ Support inventory valuation and conduct regular reconciliation between physical inventory records and accounting records.

✔ Prepare periodic costing reports, inventory reports, and management reports highlighting cost trends, variances, key findings, and areas requiring attention.

✔ Assist in product pricing and profitability analysis by evaluating cost structures, margins, and relevant financial information.

✔ Coordinate with Production, Procurement, Store, Finance, and other relevant teams to collect, verify, and maintain accurate costing and inventory data.

✔ Support budgeting, cost forecasting, internal control, and audit activities related to costing, inventory, and financial records.

✔ Identify opportunities for cost reduction, process improvement, and better resource utilization based on costing and inventory analysis.

✔ Ensure proper documentation, data accuracy, and timely reporting of all costing and inventory-related information.

✔ Perform any other costing, inventory control, reporting, or finance-related duties assigned by management.