Costing Executive

Company Profile:
**Sekinchan Dim Sum Sdn Bhd**
Area: Puncak Alam, Selangor

Manufacturing Company for the Frozen food.

Working Hours : Monday-Friday (08:30-18:30)
**Salary Range: RM2,500 - RM3,500**

**Position : Costing Executive**

**Responsibilities and Duties**:
1. Raw Material Cost Analysis
- Conduct detailed analysis of raw material costs, including ingredients, packaging, and other necessary supplies.
- Collaborate with procurement teams to negotiate favorable pricing and terms with suppliers.
- Regularly monitor market trends and fluctuations in raw material prices.
- Evaluate the quality and reliability of suppliers to ensure consistency in raw material sourcing.
- Identify opportunities for cost savings through alternative sourcing or bulk purchasing strategies.
- Maintain accurate records of raw material prices and supplier contracts for reference and analysis.
- Analyze pricing trends of key raw materials over specified time periods.
- Create cost breakdowns for individual ingredients and packaging materials.
- Compare quotes from multiple suppliers to determine the most cost-effective options.
- Calculate the impact of currency fluctuations or geopolitical events on raw material costs.
- Generate reports highlighting cost variances and trends for management review.

2. Production Cost Analysis:

- Analyze manufacturing costs, including labor, utilities, equipment depreciation, and overhead expenses.
- Work closely with production managers to understand and document production processes.
- Identify inefficiencies in production workflows and recommend improvements to optimize cost-effectiveness.
- Calculate standard costs for finished products based on production inputs and overhead allocation.
- Monitor production variances and investigate discrepancies between actual and standard costs.
- Collaborate with quality control teams to ensure compliance with production standards and minimize waste.
- Develop cost models for different production scenarios, considering variables such as batch sizes and equipment utilization.
- Conduct time and motion studies to assess labor productivity and efficiency.
- Track energy consumption and utility costs associated with production facilities.
- Analyze the impact of production volume changes on per-unit manufacturing costs.
- Implement cost-saving initiatives, such as process automation or material substitution, in collaboration with production teams.

3. Pricing Strategy Development:

- Collaborate with sales and marketing teams to develop pricing strategies that align with market demand and competitive positioning.
- Conduct competitive analysis to benchmark pricing against industry peers and identify opportunities for differentiation.
- Utilize cost analysis to establish target profit margins and pricing thresholds for different product categories.
- Monitor customer feedback and market trends to adjust pricing strategies as needed.
- Develop pricing models and tools to facilitate pricing decisions and scenario analysis.
- Communicate pricing strategies and rationale to internal stakeholders and senior management.
- Perform price elasticity analysis to evaluate the sensitivity of demand to changes in price.
- Develop pricing matrices or grids based on product attributes and competitive landscape.
- Conduct pricing simulations to assess the financial impact of pricing changes on revenue and profitability.
- Create pricing guidelines and policies to ensure consistency across product lines and sales channels.
- Monitor pricing compliance and address deviations from established pricing guidelines.

4. Other Tasks ：
- Other Tasks Assigned by Superior Leader

**Qualifications ：**
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field is required.
- Ad advanced degree or professional certification in accounting or finance (e.g. CMA, CPA) is preferred but not mandatory.
- Strong proficiency in Microsoft Excel or other financial modelling software is essential.
- Familiarity with food manufacturing processes and supply chain management principles is preferred.
- Previous experience in product costing, financial analysis, or related roles within the Food and Beverage (F&B) industry is required.
- Experience with cost analysis, budgeting, and financial reporting in the F&B industry is highly desirable.
- Experience working with cross-functional teams and collaborating across department is beneficial.
- Strong analytical skills with the ability to interpret complex data and derive actionable insights.
- Proficiency in financial analysis techniques, including cost accounting and variance analysis.
- Excellent communication and interpersonal skills, with the ability to effectively collaborate with colleagues across different departments.
- Details-oriented with a focus on accuracy and precision in data analysis and reporting.
- Ability to work under pressure and meet deadlines in a fast-paced environment.
- Familiarity with food ma