About Us:
VisionPower Semiconductor Manufacturing Company Pte Ltd (VSMC) is a new joint-venture 300mm semiconductor wafer manufacturing facility to be built in Singapore. We are looking for committed, resilient and passionate talents to launch a promising future that power the next generation devices and systems. If you share the same passion to pursue excellence, join us to make an impact and be part of something special!
Role Summary:
The Senior Cost Accountant will play a critical role in supporting the company’s financial health by managing and analyzing the costs of products, projects, and services. This position focuses on tracking, analyzing, and reporting the costs associated with business operations, driving improvements in cost efficiency, and supporting strategic decisions. The ideal candidate will have a solid background in cost accounting, analytical skills, and experience with manufacturing or production environments.
Key Responsibilities:
Cost Analysis & Reporting:
- Analyze product, labor, and material costs, and prepare detailed reports to support financial decision-making.
- Develop and maintain standard costs and manage cost updates and variances.
- Review and analyze cost data to identify trends and recommend adjustments to optimize production costs.
- Prepare and oversee cost of good manufacturing and inventory monthly close, and analyze actuals with forecasts, and budgets as well as other ad-hoc reports for management.
Inventory Management:
- Monitor and reconcile inventory accounts, ensuring accurate reporting and valuation.
- Conduct monthly and annual physical inventory counts and coordinate cycle counts as needed.
- Manage inventory reserves, and make recommendations for adjustments based on current and forecasted needs.
Financial Planning & Analysis:
- Support the budgeting and forecasting process by providing detailed cost data and analysis.
- Collaborate with production and operations teams to improve costing and efficiency.
- Develop and analyze key cost metrics, helping teams understand cost drivers and work to reduce waste.
Internal Controls & Process Improvement:
- Ensure compliance with internal control policies, company standards, and GAAP.
- Continuously seek to improve cost accounting processes and systems, identify gaps, and implement best practices.
- Support the financial audit process by preparing and reviewing cost-related documents.
Cost System Maintenance:
- Maintain and update the cost accounting system, ensuring accuracy and consistency.
- Work closely with IT and ERP systems teams to resolve costing issues and optimize the system's performance.
Education Qualification & Essential Experiences:
- Bachelor’s degree in Accounting, Finance, or related field; CPA or CMA preferred.
- Minimum 3 years of experience in cost accounting, preferably in Fab/Manufacturing environment.
- Strong knowledge of IFRS/GAAP and cost accounting principles.
- Proficiency in ERP systems (SAP, Oracle, or similar) and advanced MS Excel skills.
Key Competencies:
- Strong organizational skills and the ability to prioritize multiple tasks effectively.
- Excellent verbal and written communication skills to collaborate with cross-functional teams.
- Self-starter with strong problem-solving abilities and a proactive approach to process improvement.
- High level of integrity and commitment to ethical standards.
VSMC promotes diversity and inclusivity in our workforce; and hiring will be conducted in phases.
