Cost Accountant

Job Purpose

This position exists to oversee and analyze cost expenditures and purchases efficiently, in a timely manner and to quality standards as per the defined policies and procedures to achieve departmental operational plans and developments within the scope.

Actual Costing:

• Monthly Coordination with production to finalize all actual activities & closing orders
• Monthly checking all actual data posted by production & make required adjustment if required
• Monthly processing period end closing & posting (WIP, variances, un‑realized cost, etc.)
• Monthly posting all costing entries & provisions
• Monthly checking & analyzing the result of period end closing
• Monthly checking expenses & make adjustment if required
• Monthly settlement for investment internal orders to AUC & cost center
• Design and update distribution cycle to allocate service & general cost center costs
• General problem solving for costing issues, supervising, supporting, etc.

Standard Costing:

• Preparing planned costing data with agreed plant activity
• Enter standard cost & standard plant activity in the system and calculate the rate
• Maintain & update activities rate for production work centers
• Regularly check & adjust materials master
• Regularly check master data (BOM & routing) & inform planning to make required adjustment
• Material costing run, to calculate planned cost
• Maintain production orders overhead percentage
• Upload overhead costs to production orders based on that maintained percentage
• Regularly analyze cost for items & coordinate with planning for any correction
• Regularly release the cost for related items

Costing & Controlling Analysis:

• Analyze WIP & provide justification for major orders
• Analyze un‑realized cost & provide justification for major orders
• Identify and analyze production, purchasing, and inventory variances
• Control actual time posted by comparing with routing & make proper reporting to management
• Prepare master consumption report with proper adjustments
• Control actual consumption & monitor irregularities cost for material & reporting to management

Monthly Controlling ORM & Financial Reports:

• Monthly preparation of consumption & production masters
• Monthly preparation of costing statement per product type
• Prepare special costing reports
• Monitor actual vs. budget & standard costing reports & variance analysis
• Prepare best estimation costing reports

• Ability to obtain updated soft and technical skills related to the job
• To have a vision and a plan for the career path and how to achieve it

• Perform the planned activities to meet the operational and development targets as per delivery schedules
• Utilize resources effectively to achieve objectives within efficient cost and time
• Provide a periodic report formatted by detailing the deviation and execution of planned tasks

• Solve any related problems arise and elevate any complex operational issues

• Ensure quality requirements to develop effective quality control and processes including specifications for products or processes or related activities

• Coordinate well‑defined written systems, policies, procedures, and seek automation opportunities as much as possible

• Comply to related policy and procedures and work instructions

• Ensure compliance of relevant safety, quality, and environmental management procedures and controls within defined area of work activity to guarantee safety, legislative compliance, and delivery of high‑quality products/services

Bachelor Degree in Accounting and Finance

4 to 6 Years

• Cost Accounting
• Cost Accounting Best Practices
• Cost Accounting Systems
• Cost Analysis
• Industrial Cost Analysis