Cost & Analysis Accountant

1. General description

Position: Cost & Analysis Accountant

Area of responsibility: Kongsberg Wuxi
Superior: Finance Manager

Locations: Wuxi, China

Subordinates: NA

1. Main objectives

Full-process costing analyst

This is an advanced cost controlling & business analysis role, focusing on standard cost maintenance, actual cost accounting, full-scale variance analysis, annual budget preparation, monthly rolling cost forecasting and product gross margin analysis. The role supports pricing strategy, production cost control, cost-down project review and management business review, serving as the core position for factory financial control, budget management and profit analysis.

1. Main responsibility

• . Support monthly standard vs actual cost variance analysis, including material price & quantity variance, labor efficiency variance, manufacturing overhead variance, scrap variance and WIP variance. Identify root causes of cost overrun & abnormal loss, issue analysis reports and drive operational improvement.
• Support annual production cost budget, MOH budget and labor cost budget preparation. Conduct monthly rolling cost forecast, product unit cost forecast and gross margin forecast based on sales-production plan, material price and capacity utilization, to support pricing decision, capacity planning and annual business target setting.Production document review, cost ledger maintenance and month-end closing support.
• Support analyze gross margin by product, customer and work order dimension. Track profitability fluctuation, loss-making reasons and process loss abnormality. Deliver monthly cost business analysis report and cost-down performance review, support management on cost optimization strategy
• Support quarterly & annual audit, tax inspection and multi-factory financial consolidation. Prepare cost ledger, budget data and variance working papers to ensure full compliance and data traceability.
  
  

4. Important contacts

Direct report to Finance Manager

5. Requirements (idealistic)

• College degree or above in Finance/Accounting/Auditing; junior / intermediate accounting certificate preferred.
• Over 3 years manufacturing cost accounting experience, fully experienced in standard cost system, BOM calculation, rate allocation and variance analysis.
• Proven experience in annual cost budgeting, monthly rolling cost forecasting and gross margin calculation.
• Proficient in ERP system (SAP preferred), skilled in Excel data modeling, PivotTable and advanced functions.
• Familiar with manufacturing production flow, work order management, scrap & rework logic and capacity allocation.
• Strong logical thinking and data sensitivity, capable of identifying cost abnormality and delivering professional analysis.
• Experience in multi-factory environment is highly preferred.