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Strategic Cost Optimization Professional

3 weeks ago

Singapore beBeeAccounting Full time $90,000 - $120,000
Cost Accounting Specialist

This role involves conducting monthly financial closures and developing business strategies.

In addition, it entails managing and conducting thorough examinations of production corporation's inventories, overseeing factory operations, and leading the optimization of costs.



Key Responsibilities

* Conduct monthly COGS closing and report to Management on time.
* Analyze COGS data (Actual vs Plan vs Standard).
* Support Project Managers in managing planned investment budgets and current budget status.
* Perform monthly/annual P&L Estimation by comparing annual plan and actual performances.
* Establish criteria for analyzing cost of performance by setting standard material costs and standard processing costs.
* Identify inefficient processes and devise/implement a cost reduction plan through analysis of standard and performance differences.
* Manage production facilities and inventory of production materials, ensuring asset soundness by checking consistency with actual products.
* Reconcile books with actual objects to prevent cost distortion and conduct regular stock-taking.

Qualifications and Skills

* Bachelor's Degree in Accounting or relevant discipline.
* Total 8-10 years of experience in cost accounting (sales cost settlement, inventory asset management, etc.).
* Prior experience in a financial accounting role with knowledge of IFRS/SFRS and its application would be highly advantageous.
* Experience in the manufacturing industry/cost accounting would be beneficial.
* Technical skills in actual cost settlement using the CO module of the SAP system.
* Technical skills in analyzing cost structure and manufacturing costs.
* Understanding of cost accounting and rational allocation of costs.
* Technical skills in analyzing big data using analytical tools such as R, Python, etc.