Senior Cost Accountant (Chemical Manufacturing)

About this role

• Production Cost Analysis: Calculate and analyze the actual cost of production (finished goods and work-in-progress) by tracking raw materials, direct labor, and manufacturing overhead (MOH).
• Standard Costing Management: Establish, maintain, and periodically update standard costs for all products and components.
• Variance Analysis: Identify and analyze differences between standard costs and actual costs. Investigate causes such as material waste, purchase price fluctuations, or production inefficiencies, and recommend corrective actions.
• Inventory Control & Reconciliation: Monitor inventory movements (raw materials, packaging, and finished goods). Reconcile book balances with physical counts and lead periodic and annual physical inventory audits.
• Scrap and Waste Monitoring: Track production scrap, waste, and spoilage rates to ensure they remain within allowable limits and report any abnormal losses.
• Profitability and Break-Even Analysis: Evaluate the profitability of specific products and production lines and calculate break-even points to guide sales and pricing strategies.
• Budgeting and Forecasting: Actively participate in preparing the factory’s annual budget and monthly forecasts, ensuring accurate cost projections.
• Financial Reporting: Prepare weekly and monthly cost reports for corporate finance and plant management, providing clear insights and cost-saving recommendations.

Requirements

Requirements

• Work Experience
• 7-10 years of relevant experience in cost accounting within a manufacturing environment.
• Hands-on experience calculating production costs and managing standard costing.
• Proven experience in cost variance analysis, inventory reconciliation, and manufacturing cost control.
• Experience preparing cost reports, budgets, and profitability analyses.

- Technical Skills

• Strong knowledge of manufacturing cost accounting, including raw materials, direct labor, and manufacturing overhead.
• Advanced proficiency in Microsoft Excel, including formulas, Pivot Tables, data analysis, and cost reporting.
• Practical experience using ERP systems such as SAP, Oracle, or Odoo.
• Odoo experience is highly preferred , particularly in manufacturing, inventory management, and cost accounting modules.
• Key Competencies
• Strong analytical and numerical skills.
• High attention to detail and accuracy.
• Good problem-solving and investigation skills.
• Ability to identify cost-saving opportunities and recommend corrective actions.
• Effective communication and coordination with finance, production, procurement, and warehouse teams.
• Ability to meet reporting deadlines and manage multiple tasks efficiently.