Costing Executive

About the role

The Costing Executive is responsible for reviewing overall costing and compliance with statutory requirements as well as meeting the deadline for all relevant submissions. Support other relevant management roles and ensure that the quality management system achieves its intended results.

Key responsibilities

• Responsible for inventory valuation and product costing
• Collect data from production and develop new standard cost for manufacturing process and update standard cost on existing operating activity
• Liaise with purchasing team and supply chain team for cost related information and bill of materials
• Carry out variance analysis on standard cost against actual cost for on job and existing items for inaccuracies and cost control purpose
• Perform detailed cost analysis associated with raw materials, production processes, finished goods, packaging and distribution to identify areas for cost reduction improvement opportunities
• Review product pricing in regards to cost analysis and profitability
• Collaborate with cross-functional teams to identify and implement cost optimization initiatives, such as process improvements, waste reduction, supplier negotiations, and alternative sourcing strategies
• Highly involved in budget preparation, prepare monthly analysis of production costs and actual against budget
• Perform PO related analysis and prepare related reports for review
• Oversee the inventory process and record as well as involved in yearly and monthly count

About you

• Degree in Management Accounting, Cost Accounting, Accounting or relevant field
• 2 - 4 years of working experience in Costing in manufacturing industry
• Bachelor's Degree in Finance/Accountancy or equivalent
• Excellent skill in Microsoft Office Excel
• Ability to work independently under tight deadlines
• Detailed and meticulous
• Able to communicate effectively
• Good problem solving and analytical skills
• Good initiative to drive results
• Team player with a positive working attitude