Cost & Management Accountant

Your tasks

We are seeking a detail-oriented and analytical Cost & Management Accountant to oversee cost accounting, budgeting, financial analysis and management reporting. The successful candidate will help monitor company expenditure, control costs, improve profitability and provide accurate financial information to support business decisions.

1. Cost Accounting & Cost Control

• Monitor and analyse production costs, operating expenses and overheads.
• Prepare cost sheets, product costing and cost allocation reports.
• Analyse material costs, labour costs and manufacturing or operational overheads.
• Monitor actual costs against budgets and standard costs.
• Investigate cost variances and recommend corrective actions.
• Identify opportunities to reduce costs and improve operational efficiency.
• Maintain accurate cost accounting records and supporting documentation.

2. Budgeting & Forecasting

• Assist in preparing annual budgets, departmental budgets and financial forecasts.
• Monitor budget performance and investigate significant variances.
• Prepare cash flow forecasts and expenditure projections.
• Work with department heads to review budgets and control spending.
• Support financial planning and business performance analysis.

3. Management Reporting & Financial Analysis

• Prepare monthly management accounts and financial performance reports.
• Analyse revenue, gross profit, operating expenses and profit margins.
• Prepare monthly profit and loss reports and budget-versus-actual analysis.
• Provide financial insights and recommendations to management.
• Develop and maintain financial reports, dashboards and key performance indicators (KPIs).
• Support management in business planning and decision-making.

4. Inventory & Stock Valuation

• Monitor inventory costs, stock movements and inventory valuation.
• Reconcile inventory records against accounting records and physical stock counts.
• Investigate stock discrepancies, wastage, obsolete stock and inventory variances.
• Assist with inventory costing and month-end stock valuation.
• Coordinate with warehouse, purchasing and operations teams to improve stock control.

5. Financial Accounting & Month-End Closing

• Assist with month-end and year-end closing activities.
• Review general ledger entries, accruals, prepayments and cost allocations.
• Reconcile relevant balance sheet accounts and cost accounting schedules.
• Ensure financial records are complete, accurate and properly supported.
• Coordinate with the finance team to ensure timely financial reporting.

6. Internal Controls, Audit & Compliance

• Maintain proper accounting records and supporting documentation.
• Assist with internal and external audits.
• Ensure compliance with applicable Singapore Financial Reporting Standards (SFRS(I) or SFRS, as applicable) and company accounting policies.
• Support GST reporting and other tax-related information preparation where required.
• Review financial procedures and recommend improvements to internal controls.

7. Other Responsibilities

• Liaise with purchasing, production, warehouse, sales and operations teams on cost-related matters.
• Assist in evaluating supplier costs, quotations and purchasing expenditure.
• Support financial system improvements and accounting software implementation.
• Perform other finance and accounting duties assigned by management.

Requirements

• Diploma or Degree in Accountancy, Finance or a related discipline.
• Professional accounting qualifications such as ACCA, CPA, CA Singapore or equivalent will be an advantage.
• Relevant experience in cost accounting, management accounting, financial analysis or budgeting.
• Good knowledge of cost accounting principles, budgeting and financial reporting.
• Proficient in Microsoft Excel and accounting or ERP systems.
• Strong analytical, numerical and problem-solving skills.
• High level of accuracy, integrity and attention to detail.
• Able to work independently, meet reporting deadlines and communicate effectively with different departments.