Cost Finance Accountant
Job Summary
This role involves managing plant costing, manufacturing accounting, and full-set financial operations. The candidate will oversee inventory valuations, perform variance analysis, and ensure compliance with local tax and statutory requirements. Additionally, the position requires hands-on experience with SAP Business One and strong leadership in guiding the on-site accounts team.
Responsibilities
- Develop and maintain standard costing systems
- Manage full-set financial operations and month-end closing
- Ensure tax, SST, and statutory compliance
- Supervise accounts team and SAP Business One operations
Required Skills
- Bachelor's Degree in Accounting or Finance
- Minimum 5 years manufacturing accounting experience
- Hands-on SAP Business One experience
- Strong knowledge of standard costing and BOM
Job Details
Key Responsibilities
Plant Costing & Manufacturing Accounting
- Develop and maintain standard costing systems to ensure product costing accuracy across all stock-keeping units.
- Review and analyze standard versus actual manufacturing costs, Bill of Materials (BOM), material consumption, labor rates, and overhead allocations.
- Monitor production variances, work-in-progress (WIP), inventory valuation, scrap, wastage, and write-offs.
- Supervise periodic physical inventory counts, cycle counts, and stock reconciliations.
- Conduct Cost-Volume-Profit and gross margin analyses by product line to support management pricing decisions.
Full-Set Financial Management & Operations
- Manage the complete set of accounts, including General Ledger, Accounts Payable, Accounts Receivable, and Fixed Assets.
- Lead month-end and year-end closing activities, journal entries, balance sheet reconciliations, and trial balance reviews.
- Prepare monthly management accounts, profit and loss statements, and supporting schedules.
- Supervise daily accounts payable and accounts receivable processes, supplier payment schedules, and customer collection aging.
- Manage weekly and monthly cash flow forecasting, bank reconciliations, banking facilities, and trade financing (LC, BG, BA).
Compliance, Audit & Systems
- Ensure timely corporate tax estimates (CP204) and submission of statutory returns, including SST and Customs documentation (Lampiran M).
- Support Malaysia e-Invoice / MyInvois implementation, compliance, and reconciliations.
- Coordinate external statutory audit processes, audit schedules, and implementation of audit recommendations.
- Manage day-to-day operations in SAP Business One across Finance, Costing, MM, and Production modules.
- Supervise, guide, and train the on-site accounts team while improving internal control standard operating procedures.
Requirements
Job Requirements
- Bachelor's Degree in Accounting, Finance or a related field.
- Minimum 5 years of accounting experience in a manufacturing environment or related, with strong costing experience.
- Hands-on SAP Business One experience, preferably in Finance, Costing, Inventory and MM modules.
- Strong knowledge of standard costing, BOM, inventory control and manufacturing variance analysis.
- Experience in full-set accounts, month-end closing and financial reporting.
- Knowledge of Malaysian taxation, SST and statutory audit.
- Proficient in Microsoft Excel and other Microsoft Office applications.
- Strong analytical, problem-solving and communication skills.
- ACCA, CMA or equivalent professional qualification is an advantage.