About this role

Production Cost Analysis: Calculate and analyze the actual cost of production (finished goods and work-in-progress) by tracking raw materials, direct labor, and manufacturing overhead (MOH).
Standard Costing Management: Establish, maintain, and periodically update standard costs for all products and components.
Variance Analysis: Identify and analyze differences between standard costs and actual costs. Investigate causes such as material waste, purchase price fluctuations, or production inefficiencies, and recommend corrective actions.
Inventory Control & Reconciliation: Monitor inventory movements (raw materials, packaging, and finished goods). Reconcile book balances with physical counts and lead periodic and annual physical inventory audits.
Scrap and Waste Monitoring: Track production scrap, waste, and spoilage rates to ensure they remain within allowable limits and report any abnormal losses.
Profitability and Break-Even Analysis: Evaluate the profitability of specific products and production lines and calculate break-even points to guide sales and pricing strategies.
Budgeting and Forecasting: Actively participate in preparing the factory’s annual budget and monthly forecasts, ensuring accurate cost projections.
Financial Reporting: Prepare weekly and monthly cost reports for corporate finance and plant management, providing clear insights and cost-saving recommendations.

Work Experience
7-10 years of relevant experience in cost accounting within a manufacturing environment.
Hands-on experience calculating production costs and managing standard costing.
Proven experience in cost variance analysis, inventory reconciliation, and manufacturing cost control.
Experience preparing cost reports, budgets, and profitability analyses.
Technical Skills
Strong knowledge of manufacturing cost accounting, including raw materials, direct labor, and manufacturing overhead.
Advanced proficiency in Microsoft Excel, including formulas, Pivot Tables, data analysis, and cost reporting.
Practical experience using ERP systems such as SAP, Oracle, or Odoo.
Odoo experience is highly preferred, particularly in manufacturing, inventory management, and cost accounting modules.
Key Competencies
Strong analytical and numerical skills.
High attention to detail and accuracy.
Good problem-solving and investigation skills.
Ability to identify cost-saving opportunities and recommend corrective actions.
Effective communication and coordination with finance, production, procurement, and warehouse teams.
Ability to meet reporting deadlines and manage multiple tasks efficiently.

Senior Cost Accountant (Chemical Manufacturing)