Financial & Costing Specialist
About the Role
Provide consistent financial reporting, risk management and compliance, forecasting, and controls enabling management to drive continuous performance improvement in company's results.
Prepare budgets, forecasts and targets. Track actual performance and key metrics and drive saving on direct and indirect material purchases. Manage plant financials to ensure operational profitability.
What You Will Do
Cost-volume-profit (CVP) analysis.
Month-end closing, financial reporting analysis.
Costing variance analysis; raw material, direct labour, indirect labour, fixed overheard and price variance.
Support rolling forecast, monthly forecast, and budget.
Maintain and review BOM, routing and standard cost of products.
Monitor and control inventory i.e. inventory level, obsolescence, and slow moving.
Develop and maintain cost accounting systems and procedures to ensure accurate tracking and reporting of production costs.
Conduct regular audits and reconciliations to verify the accuracy of financial data and ensure it aligns with production and procurement records and reflects accurately in reporting.
Create and Control CAPEX, update project report, variance analysis.
Partner closely with other departments to ensure cost control functions are executed in accordance with company standards and policies.
Build a positive work environment of outstanding teamwork and mutual respect.
Ensure compliance with accounting standards and regulations.
Support with internal and external auditors to ensure accurate financial reporting.
Other duties as assigned by direct superior.
What You Need to Be Successful
Bachelor’s degree in accounting, Finance, or a related field
5 years of experience with standard costing, SAP and other financial analysis applications.
Proficient in accounting software-ERP, or SAP and Microsoft office.
Excellent analytical and conceptual thinking
Ability to prioritize, manage time independently, set objectives and milestones.
Proficiency in English communication.