Total 2 cost accountant job vacancies in Manufacturing / Production category in Singapore

As Singapore’s leading homegrown manufacturer of halal certified ice cream, gelato and sorbets for over 21 years, we supply a diverse range of clients with our premium products. Selling both locally and internationally, we are committed to making sweet memories with food. From our 18,000 sq. ft. factory, we produce classic and create bespoke flavours for our clients. Our products are also available wholesale under our brand Artisertz or as OEM. We offer a wide range of value added products (equipment, packaging, and ingredients) and services to complement what we manufacture.

Job Title: Cost Controller

Location: Singapore

Department: Finance/Accounting

Reports To: Finance Manager

Job Purpose:

The Cost Controller will be responsible for monitoring, analyzing, and managing the costs associated with the production processes within the food manufacturing factory. The role includes ensuring that all production activities are conducted in a cost-effective manner while maintaining quality standards. The Cost Controller will work closely with the production, procurement, and finance teams to control costs, optimize resource utilization, and enhance overall profitability.

Key Responsibilities:

1. Cost Analysis:Analyze the cost structure of production activities and identify areas for cost reduction.
   Conduct regular variance analysis between budgeted and actual costs.
   Prepare detailed cost reports, including material, labor, and overhead costs.
   
2. Budgeting and Forecasting:Assist in the preparation of budgets for production operations.
   Provide accurate forecasts of production costs based on historical data and future projections.
   Monitor budget compliance and highlight areas of concern to management.
   
3. Cost Control:Implement and maintain cost control systems and procedures.
   Monitor raw material usage, waste, and inefficiencies in the production process.
   Work with procurement to ensure cost-effective purchasing and inventory management.
   
4. Inventory Management:Oversee inventory levels to ensure optimal stock without overcapitalization.
   Conduct regular inventory audits to prevent discrepancies and reduce waste.
   Analyze and report on inventory variances and work on strategies to mitigate them.
   
5. Reporting:Prepare and present monthly, quarterly, and annual cost reports to management.
   Provide insights and recommendations based on cost data to improve profitability.
   Collaborate with other departments to ensure accurate financial reporting.
   
6. Compliance:Ensure all cost control procedures comply with relevant financial regulations and company policies.
   Work with external auditors to ensure compliance during audits.
   
7. Continuous Improvement:Identify opportunities for process improvements to reduce costs and enhance efficiency.
   Lead or participate in cost-saving initiatives and projects within the factory.
   

Qualifications:

• Bachelor’s degree in Finance, Accounting, or a related field.
• Professional certification preferred
• Minimum of 3-5 years of experience in cost control, preferably in the food manufacturing industry or hotel industry.
• Strong analytical skills and attention to detail.
• Proficiency in financial software and ERP systems.
• Excellent communication and interpersonal skills.
• Ability to work under pressure and meet tight deadlines.

Working Conditions:

• Based in a factory environment with occasional exposure to production areas.
• 5 day work week

Overview:

As a Manufacturing Cost Controller, you will be responsible for overseeing and managing the cost accounting and financial analysis processes within the manufacturing department. Your primary objective will be to ensure accurate cost reporting, analyze manufacturing costs, identify areas for cost optimization, and support decision-making to improve operational efficiency and profitability.

Key Responsibilities:

1. Cost Accounting and Reporting: Develop and maintain cost accounting systems, processes, and procedures to accurately capture manufacturing costs.
   Prepare and analyze monthly, quarterly, and annual manufacturing cost reports.
   Monitor and analyze variances between actual costs and standard costs, investigating and explaining any discrepancies.
   
2. Inventory Management:Oversee inventory valuation and reconciliation processes, ensuring accuracy and compliance with accounting standards.
   Analyze inventory levels, turnover rates, and aging to identify opportunities for optimization and reduce carrying costs.
   Coordinate with production and procurement teams to ensure accurate recording of raw materials, work-in-progress, and finished goods.
   
3. Budgeting and Forecasting:Assist in the development of manufacturing budgets and forecasts, providing input on cost assumptions and projections.
   Monitor budget performance and provide regular updates to management, highlighting areas of concern and recommending corrective actions as needed.
   
4. Cost Analysis and Optimization:Conduct detailed analysis of manufacturing costs, including direct labor, materials, overhead, and other expenses.
   Identify cost drivers and trends, partnering with cross-functional teams to implement cost-saving initiatives and process improvements.
   Evaluate the impact of changes in production methods, product designs, or materials on manufacturing costs and profitability.
   
5. Financial Analysis and Decision Support:Prepare financial models and scenarios to support decision-making related to pricing, product profitability, and capital investments.
   Provide ad-hoc financial analysis and insights to support strategic initiatives and business planning efforts.
   Collaborate with other departments, such as operations, finance, and procurement, to drive alignment and achieve common goals.
   

Qualifications and Skills:

• Bachelor's degree in Accounting, Finance, or related field.
• Proven experience in cost accounting or financial analysis within a manufacturing environment.
• Strong understanding of cost accounting principles, inventory valuation methods, and standard costing.
• Proficiency in ERP systems (e.g., SAP, Oracle) and advanced MS Excel skills.
• Excellent analytical and problem-solving abilities, with keen attention to detail.
• Effective communication and interpersonal skills, with the ability to collaborate across functional teams.
• Results-oriented mindset with a focus on driving continuous improvement and achieving targets.
• Ability to work independently and manage multiple priorities in a fast-paced environment.