Cost Accountant

About the role

Requirements

• Product Costing & Standard Costing – Maintain and review product cost structures, including raw material, packaging, labor, manufacturing overhead, and other relevant production costs.
• Bill of Materials & Cost Master Data – Review BOMs, costing versions, and related master data to ensure accurate and approved costing information is maintained in the ERP system.
• Raw Material & Purchase Cost Analysis – Monitor raw material prices, landed costs, purchase price movements, and their impact on product costs and margins.
• Production Cost & Variance Analysis – Analyze material usage, purchase price, production, yield, and other manufacturing variances and identify the key drivers of cost movements.
• Inventory Valuation & Reconciliation – Support accurate inventory valuation and reconcile inventory quantities and values between operational records, costing reports, and the general ledger.
• Coordinate with the production team and other users who are responsible for recording inventory related entries and ensuring completeness and accuracy in the recording cycle.
• Month-End Costing & Closing – Perform costing activities and reconciliations required for month-end closing, including review of production costs, inventory movements, and cost of goods sold.
• Stock counts – Conducting monthly stock counts at the locations of the Group companies, reconciling stock records, investigating, resolving and reporting unreconciled variances.
• Business Support – Work closely with Production, Procurement, Supply Chain, Sales, and R&D to evaluate the financial impact of recipe/BOM changes, purchase prices, production changes, and new products.
• Minimum Qualifications and Knowledge
• Bachelor's degree in Accounting, Finance, or a related discipline. CMA, ACCA, CA Intermediate, or equivalent professional qualification is preferred.
• Minimum Experience (no. of years)
• Minimum 5- 7 years of relevant experience in cost accounting, management accounting, manufacturing finance, or a similar role.
• Job-specific Skills and Competencies
• Technical Skills:
• • Product Costing & Variance Analysis – Strong understanding of costing methods, BOM costing, inventory valuation techniques.
• • Manufacturing Accounting – Understanding of production processes, material consumption, overhead allocation, work-in-process, finished goods, and cost of goods sold.
• • ERP & Data Analysis – Experience with D 365 costing modules and strong Excel skills for analysis, reconciliation, and reporting.
• • Financial Reporting – Good understanding of accounting principles, inventory accounting, and month-end closing procedures.
• Soft Skills:
• • Analytical Thinking – Ability to investigate cost movements, identify root causes, and translate data into useful business insights.
• • Attention to Detail – High level of accuracy in costing, reconciliations, and master data review.
• • Problem Solving – Proactive approach to reporting and resolving costing discrepancies and improving processes

Responsibilities

Skills

• Product Costing
• Variance Analysis
• BOM costing
• Inventory valuation
• ERP costing modules
• D365
• Excel
• Financial reporting
• Month-end closing
• Manufacturing accounting
• Work-in-process (WIP)
• Finished goods costing
• Cost of goods sold (COGS)