About this role
Overall:
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Costing and budgeting
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Variance analysis
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Standard cost setting
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Analysis of actual cost
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Inventory management
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Account payable function Job Responsibilities:
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Collaborate with business units, operations, and supply chain teams by providing accurate financial insights for management of inventories and manufacturing cost-related matters.
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Work extensively with the procurement and production team in handling product costing to develop actual cost/ standard cost models, maintain periodic cost revision exercises, and ensure accuracy in the Bill of Materials.
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Periodic review and analysis of production, manufacturing and price variance to ensure effective cost control.
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Monitor production yields, scrap rates, and wastage, providing data-driven insights to reduce waste and improve efficiency.
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Review and analyze fixed and variable cost reports, provide commentary on cost behavior patterns, and identify cost-saving opportunities.
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Track and record actual expenses for raw materials, direct labor, and manufacturing overheads as they occur.
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Responsible for inventory including physical inventory, inventory control and reconciling inventory module to general ledger and other tasks related to inventory and cost of goods sold.
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Actively participate in the annual budget, business plan and monthly rolling forecast process by providing updated cost information across different product lines and manufacturing lines.
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Participate in month-end closing activities, analyzing financial performance and budget vs actual result variance analysis.
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Perform balance sheet reconciliations for inventory accounts to ensure accuracy of the general ledger.
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Conduct thorough assessment of CEA/EA applications, analyze applicants’ justifications, provide constructive financial challenges to promote cost efficiency, and ensure expenditures remain within approved budget limits and company financial guidelines.
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Develop a strong understanding of data inputs in support of Standard Cost setting
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Support accounting tasks as needed and participate in special projects such as system upgrades, e-invoicing implementation, and UAT testing Involved in ERP system process improvement. Leverage capabilities and identify areas for process improvement.
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Support external audit and tax preparation functions as relates to cost accounting.
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Maintain internal control documentation, provide government and statistic reports, assist in annual audit and tax reporting.
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Liaise with internal/external stakeholders as and when necessary.
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Perform people management responsibilities, which include planning, assigning tasks, publish KPI's related to the team's process area, coaching and development.
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Ad-hoc assignments to be assigned by the superior / management from time-to-time.
Job Requirements
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Bachelor’s degree in accounting/ finance
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Professional qualification (CIMA/ ACCA / CPA)
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5 - 8 years relevant working experience with a minimum of 3 years in manufacturing costing and a strong understanding of manufacturing processes and Bill of Materials (BOM).
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Experience in the oil and gas industry is an advantage.
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Experience in Oracle ERP system (cost module, AP module, internal orders, BOM and etc). Experience in system implementation is advantageous.
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Strong sense of responsibility, independence, and motivation
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Strong knowledge of financial reporting standards, tax regulation, laws, bank matters and any other compliance requirements
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Strong analytical and problem-solving abilities.
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Meticulous and pays attention to details.
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Good knowledge of Microsoft applications, such as strong working knowledge & skill in Excel
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Able to communicate in Malay, English
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Candidate who able to communicate in Mandarin and liaise with regional level and oversea stakeholders from China is an added advantage
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