Senior Costing Accountant
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Key skills for this role
About the Role
Alfanar is seeking a Senior Costing Accountant to manage product costing, manufacturing cost accounting, inventory valuation, and cost analysis. The role supports financial reporting and operational decision-making in a manufacturing environment.
Key Skills for This Role
Responsibilities
- Own product costing activities for assigned manufacturing operations, ensuring accuracy of standard costs, BOMs, routings, labor rates, and overhead allocations
- Perform standard cost roll ups and periodic cost reviews
- Analyze actual manufacturing costs against standard costs and investigate cost variances
- Manage inventory valuation, WIP, production order settlements, and manufacturing related inventory accounting
- Support month end and year end closing activities related to manufacturing costs and inventory
- Prepare manufacturing cost reports, inventory reconciliations, and financial analyses for management reporting
- Perform detailed variance analysis for material, labor, overhead, purchase price, scrap, rework, and production efficiency
- Assist in preparation of annual budgets, forecasts, and manufacturing cost plans
- Partner with production, warehouse, procurement, planning, engineering, and quality teams to improve cost visibility
- Ensure compliance with company policies, accounting standards, and internal controls related to manufacturing costing and inventory
Requirements
- Bachelor Degree in Accounting and Finance or any relevant field
- 4 to 6 years of work experience in costing or manufacturing accounting
- Proficiency in Financial Accounting (FI) and Reconciliation
Full Job Posting
Job Purpose
- To perform product costing, manufacturing cost accounting, inventory valuation, and cost analysis while supporting accurate financial reporting, cost control, and informed operational decision making in accordance with company policies and accounting standards.
Key Accountability Areas
- Own product costing activities for assigned manufacturing operations, ensuring the accuracy of standard costs, Bills of Materials (BOMs), routings, labor rates, and overhead allocations.
- Perform standard cost roll ups and periodic cost reviews to ensure costing reflects current manufacturing conditions.
- Analyze actual manufacturing costs against standard costs and investigate cost variances.
- Review cost absorption, material usage, labor efficiency, scrap, rework, and production overheads to ensure accurate product costing.
- Support cost reduction initiatives by identifying opportunities to improve manufacturing efficiency and cost performance.
- Manage inventory valuation, work in progress (WIP), production order settlements, and manufacturing related inventory accounting.
- Review material consumption, inventory movements, stock adjustments, and investigate abnormal inventory transactions.
- Support month end and year end closing activities related to manufacturing costs, inventory, cost centers, and production variances.
- Prepare manufacturing cost reports, inventory reconciliations, and financial analyses for management reporting.
- Ensure timely and accurate reporting of manufacturing financial results in accordance with company policies and accounting standards.
- Perform detailed variance analysis for material, labor, overhead, purchase price, scrap, rework, and production efficiency.
- Assist in the preparation of annual budgets, forecasts, and manufacturing cost plans.
Academic Qualification
- Bachelor Degree in Accounting and Finance or Any relevant field
Work Experience
- 4 to 6 Years
Technical / Functional Competencies
- Financial Accounting (FI)
- Reconciliation
- Financial Reporting
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