Costing Executive

2 days ago

Senai, Malaysia Maxim Textile Technology Sdn Bhd Full time

**Key Responsibilities**:

- **Cost Accounting**:

- Prepare and maintain accurate cost records for all departments in the têxtile manufacturing facility, including production, Labour, overhead, and material costs.
- Perform departmental cost analysis, ensuring cost allocations are consistent, accurate, and in line with company policies.
- Calculate standard costs for materials, Labour, and overhead, and ensure they are updated regularly to reflect actual costs.
- **Costing Methods & Data Collection**:

- Derive, implement, and refine cost accounting methods to accurately collect and analyse data for costing purposes.
- Work closely with the operations team to ensure data is correctly collected from production activities, machine usage, and Labour hours for accurate costing.
- Develop and maintain cost databases for accurate tracking and analysis of production-related expenses.
- **Cost Reporting & Analysis**:

- Prepare detailed monthly, quarterly, and annual cost reports for management review, highlighting variances and areas for cost optimization.
- Analyse cost data and trends to provide insights into areas for cost reduction, efficiency improvements, and margin optimization.
- Assist in budget preparation and ensure costs are monitored against budgeted figures.
- **Collaboration & Support**:

- Collaborate with department heads and factory floor managers to identify and address issues impacting cost structures.
- Assist the senior costing manager in developing and implementing cost-saving strategies.
- Provide support for audits, both internal and external, ensuring that cost-related data is accurate and transparent.
- **Process Improvement**:

- Review and recommend improvements to costing processes and systems to enhance the accuracy and timeliness of reporting.
- Continuously improve methods for tracking Labour, material, and overhead costs for better precision and efficiency.
- **Compliance & Best Practices**:

- Ensure compliance with accounting standards, regulatory requirements, and company policies.
- Stay up to date with industry best practices in cost accounting and implement them in daily operations.

**Qualifications**:

- **Education**: A bachelor’s degree in Accounting, Finance, or a related field. Professional certification (e.g., CMA, ACCA) is a plus.
- **Experience**:

- A minimum of 3-5 years of experience in cost accounting within the têxtile manufacturing industry, preferably in a factory or production environment.
- Proven experience in developing and implementing cost systems and methods.
- Experience in handling departmental cost accounting for large-scale manufacturing operations.
- **Skills**:

- Strong knowledge of cost accounting principles and manufacturing cost structures.
- Proficient in accounting software and Microsoft Excel (advanced level).
- Ability to perform data analysis, identify trends, and provide actionable insights.
- Excellent communication and collaboration skills.
- Attention to detail and strong organizational skills.

**Job Types**: Full-time, Permanent

Pay: RM3,000.00 - RM4,000.00 per month

**Benefits**:

- Free parking

**Education**:

- Bachelor's (required)

**Experience**:

- Cost management: 2 years (required)

Work Location: In person

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