Cost Accounting Specialist

6 days ago

Singapore Hyundai Motor Group Innovation Center Singapore (HMGICS) Full time

Overview
Cost Accounting Specialist
at
Hyundai Motor Group Innovation Center Singapore (HMGICS)
This position is responsible for conducting monthly closings and developing business plans. Additionally, it entails managing and conducting due diligence on the production corporation's inventories, overseeing the factory budget, and leading the optimization of costs, as well as chairing the operating cost optimization committee.
Responsibilities
Perform monthly COGS closing and report to Management and HQ on time.
Conduct COGS analysis (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 the 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 the actual products.
Reconcile books with actual objects to prevent cost distortion and conduct regular stock-taking.
Maintain an appropriate level of inventory/materials.
Qualifications
Bachelor's Degree in Accounting or a relevant discipline.
Total 8 to 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.
Seniority level
Entry level
Employment type
Full-time
Job function
Accounting/Auditing and Finance
Industries
Motor Vehicle Manufacturing
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