Costing Accountant

Costing Accountant

The Costing Accountant is responsible for managing manufacturing cost accounting, inventory accounting, and cost analysis to ensure accurate financial reporting and effective manufacturing cost control.

• Manufacturing Cost Accounting:
• Record, review, and validate manufacturing cost transactions.
• Support product costing activities, including standard cost maintenance and cost roll-up support.
• Monitor cost allocation to production orders, cost centers, and manufacturing activities.
• Support monthly cost closing activities.

• Inventory & Material Cost Control:
• Support inventory valuation and material consumption analysis.
• Review material usage and highlight abnormal consumption or variance.
• Support inventory reconciliations and assist in cycle counts.

• Production Variance Analysis:
• Analyze material, labor, overhead, scrap, rework, and underutilization variances.
• Prepare variance reports and coordinate with relevant teams to understand variance drivers.
• Highlight unusual cost movements and escalate risks.

• Manufacturing Performance Reporting:
• Prepare regular reports on production cost, conversion cost, material cost, labor efficiency, and factory utilization.
• Support preparation of cost bridges, cost trend analysis, and manufacturing KPI dashboards.
• Track actual manufacturing cost against budget, standard cost, and forecast.

• Month-End Closing Support:
• Support month-end and year-end closing activities related to manufacturing cost accounting.
• Validate production order settlement, cost center postings, inventory movements, and accruals.
• Prepare supporting schedules and ensure closing tasks are completed accurately.

• Controls, Compliance & Audit Support:
• Follow approved costing policies, internal controls, SOPs, and approval workflows.
• Support internal and external audit requirements related to inventory, costing, and manufacturing expenses.
• Maintain proper documentation for cost calculations, reconciliations, and variance explanations.
• Identify control gaps and escalate for corrective action.

The ideal candidate will possess a Bachelor's degree in Accounting and Finance, with a strong proficiency in HR, delivery, problem-solving, quality, business process improvements, compliance, and health, safety, and environment management.