Costing Manager

1 day ago

Seri Kembangan, Selangor, Malaysia TAN CHONG GROUP Full time

Tan Chong Group is a leading conglomerate with diverse business interests in the automotive, real estate, and financial services sectors. Established in 1957, we have a strong presence in the Kuala Lumpur area and are known for our commitment to innovation, quality, and customer satisfaction. Our company culture encourages teamwork, integrity, and continuous improvement.

Apply now to join our dynamic team and be a part of our exciting journey

Job Description:

Costing & Analysis

  • Develop, implement, and maintain standard costing systems and processes.
  • Prepare, review, and update product costing, Bill of Materials (BOM), and labor cost structures.
  • Conduct variance analysis (standard vs. actual cost, material usage, labor efficiency, overhead absorption).
  • Analyze manufacturing and operational costs to identify cost drivers and cost-saving measures.
  • Support pricing decisions by providing accurate cost and margin analysis.

Budgeting & Forecasting

  • Collaborate with operations and production teams to prepare cost budgets and forecasts.
  • Monitor and control cost performance against budget, highlighting variances with root cause analysis and corrective actions.
  • Provide cost-related insights to support strategic and operational planning.

Reporting & Compliance

  • Ensure timely and accurate reporting of product cost, profitability, and inventory valuation.
  • Prepare management reports on cost trends, profitability analysis, and cost reduction initiatives.
  • Ensure compliance with internal controls, accounting policies, and audit requirements.

Collaboration & Other Responsibilities

  • Manage and ensure accuracy and efficiency in all deliverables.
  • Collaborate with Production, Supply Chain, Procurement, and Sales to provide cost-related support.
  • Drive continuous improvement initiatives in costing processes, systems, and reporting.
  • Undertake ad-hoc assignments as and when required.

Qualification: Degree in Finance/Accounting or professional accountancy qualification ACCA/MICPA/CIMA or equivalent.

Experience: Minimum 6-8 years of costing experience, preferably in manufacturing industry

Competencies/ Skills:

  • Strong business and financial acumen.
  • Critical thinking and problem-solving.
  • Leadership and people management.
  • Process improvement mindset.
  • High integrity and accountability.

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