Industrial Cost Controller

1. Product & Standard Costing

• Establish, maintain, and review standard costs for raw materials, work-in-progress (WIP), and finished goods.
• Develop and maintain accurate Bills of Materials (BOM) and routing operations in collaboration with Engineering and Production teams.
• Perform annual cost roll-ups and periodic cost adjustments to ensure inventory valuation accuracy.
• Calculate, allocate, and monitor direct labor and overhead absorption rates across manufacturing processes.

2. Variance Analysis & Cost Control

• Analyze and explain monthly manufacturing variances, including material yield/price, labor rate/efficiency, and overhead volume variances.
• Monitor production loss, scrap, rework, and waste, working with plant management to identify cost-saving opportunities.
• Evaluate scrap sales and scrap tracking procedures to optimize material utilization.

3. Inventory Management & Valuation

• Oversee month-end inventory valuation, cycle counts, and year-end physical inventory stocktakes across raw materials, WIP, and finished goods.
• Perform monthly inventory reconciliation between the general ledger and Oracle ERP modules.
• Identify slow-moving, obsolete, or damaged stock and compute appropriate inventory reserves/write-offs.

4. Financial Reporting & Month-End Closing

• Execute month-end and year-end closing procedures for cost accounting in Oracle E-Business Suite (Cost Management, Inventory, WIP modules).
• Prepare cost accounting journal entries, balance sheet reconciliations, and manufacturing cost management reports.
• Develop key performance indicators (KPIs) and operational dashboards covering production efficiency, unit margins, and inventory turnover.

5. Cross-Functional Collaboration & Decision Support

• Partner with Purchasing, Production, Engineering, and Logistics teams to audit operational processes and strengthen internal controls.
• Assist in preparing the annual operating budget, rolling forecasts, and capital expenditure (CapEx) evaluations.
• Support internal and external audit processes related to inventory, cost of goods sold (COGS), and internal accounting controls.

Desired Candidate Profile

• Bachelor's degree in Cost Accounting, Accounting, or Finance, preferably with a specialization in Cost Accounting.
• Minimum of 8 years' experience in cost accounting within a manufacturing company, preferably producing steel or metal fabricated products, or a similar industrial manufacturing environment.
• Strong experience in product costing, standard costing, Bills of Material (BOM), routing, overhead allocation, inventory valuation, and manufacturing cost analysis.
• Excellent understanding of manufacturing processes, including raw materials, work-in-progress (WIP), finished goods, and production variance analysis.
• Hands-on experience with Oracle E-Business Suite R11/R12, with strong expertise in the Manufacturing and Costing modules, particularly Cost Management, Inventory, Bills of Material (BOM), Work in Process (WIP), and purchasing.
• Experience in month-end and year-end closing, inventory reconciliation, cost roll-up, and manufacturing variance analysis.
• Strong analytical skills with the ability to identify cost-saving opportunities and improve manufacturing efficiency.
• Experience in budgeting, forecasting, and preparing management reports and KPIs.
• Ability to work closely with the Production, Purchasing, Engineering, and Finance departments to strengthen cost control and improve operational performance.
• Strong knowledge of internal controls and manufacturing accounting procedures.
• Advanced proficiency in Microsoft Excel and financial reporting.
• Excellent communication, analytical, and problem-solving skills.
• GCC experience is preferred.