Sr. Cost Accountant

Job Summary

To support sustainable and profitable growth of the Company and enhance operational decision-making by preparing insightful, timely, accurate, and relevant cost analysis and reports.

Required Headcount: 1

Main Duties and Responsibilities:

• Prepare and analyze monthly Cost of Goods Sold (CoGS), Purchase Price Variance (PPV), and Manufacturing Variance journal entries.
• Calculate and analyze the excess and obsolete inventory reserve and report to the management.
• Collect and analyze data on material and labor costs to evaluate efficiency and effectiveness.
• Conduct analysis on sourcing costs of all the business and prepare a report for the management.
• Analyze changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on costs.
• Analyze actual costs and prepare periodic reports comparing standard costs to actual costs and recommend cost efficiencies.
• Compile cost information to be used in operating and budget preparation and expenditure controlling.
• Make estimates of new and proposed product or service costs.
• Provide management with reports specifying and comparing factors affecting prices and profitability of products and services.
• Prepare cost-benefit analyses and make recommendations regarding the acquisition or sales of capital expenditures.
• Follow up the periodic and proper recording and updating of the fixed asset register of the Company.
• Record journal entries, maintain fixed asset registers, and reconcile stock and asset counts with accounting records.

Qualifications

• Bachelor’s degree in accounting and finance or accounting.
• A minimum of 6 (six) years of demonstrated work experience.
• Solid understanding of Cost Accounting.
• Experience of working in the manufacturing sector. Work experience in a propylene technology or textile sector is highly preferred.
• Excellent communication skills.

Skills Required:

• Accounting / Finance