Cost Controller/accountant

2 weeks ago

Kuala Lumpur, Malaysia Flowco (Malaysia) Sdn Bhd Full time

**RESPONSIBILITIES**

**Cost accounting and controlling**
- Responsible to control and monitor project total expenditure including verifying and checking of certain third-party project costs such as subcontractor, transportation and logistics, to ensure that all project expenditures are captured and properly recorded.
- Work with available tools to track actual costs, including manpower effort, equipment usage, procured resources, etc.
- Identify, analyse and assess the commercial risks of projects with regard to the execution.
- Specifically look for cost saving opportunities.

**Track & report**
- Track performance against plan for sales (forecast accuracy and root-cause analysis - RCA), and working capital target vs actuals.
- Establishment of project cost control execution & reporting plan, including development of any project specific procedures where necessary during project start up.
- Set up project chart of account and involvement in the establishment of Project Work Breakdown Structure (WBS).
- Responsible for the updates of changes to the forecast based on inputs from project management and other project team members as applicable.

**Performance reporting**
- Responsible to prepare monthly Project Cost Report.
- Gather key data from various functions (project/services, finance, purchasing, logistics, HR, etc.), and conduct analysis to gain insights which will allow the integrated planning team to make operational decisions.
- Develop forecasting methodology and establish monthly routines and interfaces with other project team members and external information providers.
- Provide planning and cost controlling support for all projects which includes variation reporting, monitoring of milestone progress to the preparation of customer billing processes, etc.

**Analysis & appraisal**
- Analyse cost run rates and variations to extrapolate/forecast total costs, as well as report findings to the program manager, project office, and any financial oversight governance.
- Support projects’ monthly/quarterly forecast for revenue, COGS, margin, asset management and reporting by customer as well as perform inventory costing maintenance/simulation and variance analysis where needed.
- Monitor run rate of SKUs and trigger actions to procurement plan to maintain right inventory levels.
- Perform monthly internal reviews of all assigned projects with operation leaders & highlight risks & opportunities to meet monthly / quarterly plans.
- Perform root-cause analysis, derive insights, engage right stakeholders for corrective actions.
- Rigorously analyse the drivers of business value. Effectively focus on actions that add real and tangible value.

**Planning & budgeting**
- Prepare budget of projects, plan costs and project cash flows, and communicate with stakeholders for monitoring and controlling.
- Prepare quarterly forecast (outlook).
- Translate project working capital financial information and support project team.

**Contract and tender management**
- Take part in tender preparation in reviewing project budgets, staffing and work plans to guarantee appropriate fees.
- Responsible to establish the first project budget/forecast based on handover bid from Sales Department.
- Ensure up-to-date maintenance of client contracts that reflect project needs.
- Assist in preparing work program, cash flow and manpower histogram for tenders.

**Continuous improvement**
- Demonstrate and drive a culture of continuous improvement in processes, including robust analytic capabilities, costing system improvements, improving transparency of reporting while seeking opportunities to simplify and standardize across the organisation.
- Actively promote a culture of doing things right the first time.
- Work to lower cost, improve yield, and lower cycle time.

**Business partner**
- Act as a strategic business partner, in facilitating project management team and business line managers for key commercial and financial matters.
- Participate in Risk Management Process and assist project team in managing project contingency and sensitivity analysis.
- Support purchasing team by providing purchase price variance (PPV) analysis.
- Increase other departments’ awareness of the cost control function.

**Project close-out**
- Review and identify projects that require closure. Work with the project management team to ensure costs have been captured properly before closing out projects.
- Consolidate the financial or commercial overview, and record/report lessons learnt.

**Other ad-hoc duties**
- Support internal and external audit where relevant.
- Provide year-end support of auditor requirements, which may include investigation and reconcilement.

**REQUIREMENTS**

**Academic**

Bachelor's Degree in Finance / Business / QS / Engineering or similar.

**Work experience**

4-7 years' experience in a cost controlling role, or manufacturing or similar.

Strong technical knowledge with costing experience is a must.

Experience in data compi

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