Back to search

Senior Costing Analyst

Kuala Lumpur Permanent MYR7,500 - MYR8,500 per month (MYR90,000 - MYR102,000 per year) Work from Home or Hybrid View Job Description
Costing analyst evaluates and analyzes the various elements of production costs, price variances, and inventory valuation to ensure accurate financial reporting and advises on cost-effective measures for improved business performance.
  • Save Job
  • Globally Recognised Shared Service Centre
  • Flexibility and great opportunity to learn

About Our Client

Our client with a global branding located in a strategic location. A company that practice a dynamic culture and organic growth that also encourages their employees to grow their skills and knowledge through rotational opportunities.

Job Description



  1. Finished Goods Product Costing:
    • Cost Components Identification: Identify and analyze all direct and indirect costs associated with the production of finished goods. This includes raw materials, labor, overhead, and any other relevant costs.
    • Cost Allocation: Allocate costs appropriately to ensure accurate reflection of expenses incurred in the production process.
    • Costing Methods: Select and apply appropriate costing methods (e.g., job order costing, process costing) based on the nature of the production process.


  2. Inventory Costing:
    • Valuation Methods: Choose and apply inventory valuation methods (e.g., FIFO - First In, First Out; LIFO - Last In, First Out; weighted average) to determine the value of inventory on the balance sheet.
    • Overhead Allocation: Allocate overhead costs to inventory based on predetermined rates or actual usage to ensure fair representation of costs.
    • Inventory Adjustments: Regularly review and adjust inventory values based on factors such as obsolescence, market trends, or changes in the cost structure.


  3. Price Variance Analysis:
    • Standard Cost vs. Actual Cost Comparison: Compare the standard costs set for production against the actual costs incurred. Identify variations and analyze the reasons behind them.
    • Material Price Variances: Evaluate differences between the standard and actual prices of raw materials and assess their impact on overall product costs.
    • Labor Rate Variances: Analyze variations in labor rates compared to the standard rates and investigate the causes.


  4. Adjustments and Corrections:
    • Corrective Actions: Implement corrective measures based on the findings of the cost analysis. This may involve adjusting standard costs, revising production processes, or negotiating better terms with suppliers.
    • Cost Improvement Initiatives: Identify opportunities for cost savings and efficiency improvements within the production process.


  5. Analysis and Commentary:
    • Financial Reporting: Provide detailed analysis and commentary in financial reports regarding the performance of the costing systems.
    • Management Communication: Communicate findings and recommendations to management, highlighting areas of concern and proposing strategies for improvement.
    • Forecasting Impact: Consider the impact of cost variations on future financial performance and assist in forecasting.


  6. Continuous Improvement:
    • Feedback Loop: Establish a feedback loop to continuously refine and improve costing methodologies based on the outcomes of analyses.
    • Benchmarking: Compare the company's costing performance against industry benchmarks and best practices.

The Successful Applicant

  • Complete Professional Exams
  • > 5 years working experience
  • Good command of English and strong interpersonal skills
  • Good knowledge in Excel (Pivot, Sumif, vlookup, added advantage if know macro)
  • Good analytical and problem solving skillsGood GAAP, Internal Control and SOX knowledge
  • Stakeholder management and high sense of urgency
  • Conflict Resolution
  • People Development and team coaching skills
  • Ability to handle varied volumes of workloads and to meet targets and deadlines on time
  • Demonstrate and foster customer focus, teamwork, accountability, initiative and innovation
  • Decision taking ability under tight deadlines
  • Identify opportunities for continuous process improvement
  • SAP Experience
  • CIMA (nice to have)
  • Finished Goods Product Costing (nice to have)
  • Trading / Manufacturing experience

What's on Offer

  • Great opportunity to work
  • International and virtual environment
  • Flexibility and great opportunity to learn
  • Tempting Compensation and benefits
Contact
Joey Low
Quote job ref
JN-122023-6284159
Phone number
+60 3 2302 4011

Job summary

Function
Finance & Accounting
Specialisation
Financial Accounting
What is your area of specialisation?
Healthcare / Pharmaceutical
Location
Kuala Lumpur
Contract Type
Permanent
Consultant name
Joey Low
Consultant contact
+60 3 2302 4011
Job Reference
JN-122023-6284159
Work from Home
Work from Home or Hybrid

Diversity & Inclusion at Michael Page

We don't just accept difference - we celebrate it. We encourage applicants from all backgrounds to apply for this role and are committed to building inclusive, diverse workplaces where everyone can thrive. If you require any support or reasonable adjustments during the recruitment process, please let us know.