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Open nowPosted 20 days ago

Costing Accountant | Group Finance

MyCareersFuture94,028 open roles

Pay
SGD 4,000 – SGD 7,000 a month
Where
North-East, Singapore
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Your applicationOpen nowCosting Accountant | Group FinanceMyCareersFuture · North-East, Singapore

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This job: posted 20 days ago

The posting

  • Position: Costing Accountant (Group Finance)
  • 5 Work Days Per Week
  • Office Near Tai Seng MRT, Singapore
  • Medical Benefits Provided
  • Entitled to Yearly Bonus & Performance Bonus

Role Summary

  • This role owns the full costing lifecycle for finished goods and components sourced from factories and
  • subcontractors — from standard cost build-up and BOM validation through to landed cost, variance analysis, and margin reporting.
  • The successful candidate will be the finance business partner to Operations, Procurement, and Product Engineering, ensuring product costs are accurate, transparent, and defensible, and that the Group has real-time visibility of manufacturing cost drivers across 16 legal entities on a single NetSuite ERP backbone.

Key Responsibilities

Factory & Subcontracting Cost Management

  1. Own end-to-end product costing for all CM- and subcontractor-manufactured SKUs, including camera hardware, accessories, and NVR/hub products.
  2. Build and maintain standard costs (material, labour, overhead, tooling amortisation) at BOM/routing level in
  3. NetSuite; review and approve cost rolls each cycle.
  4. Validate CM/subcontractor quotations against BOM cost breakdowns, labour rates, and process yields; challenge quoted costs with fact-based benchmarking.
  5. Track and reconcile subcontracting fees, processing charges, tooling/mould amortisation, and NRE (non-recurring engineering) charges billed by factories.
  6. Monitor landed cost components — FOB price, freight, duties, insurance — across China, HK, and other sourcing entities.

Variance Analysis & Margin Reporting

  1. Perform monthly purchase price variance (PPV), usage variance, and yield/scrap variance analysis by SKU and by factory; investigate and explain root causes with Operations.
  2. Analyse standard-vs-actual cost variances arising from engineering changes (ECN), component substitutions, and FX movement on USD/RMB-denominated purchases.
  3. Prepare product-level and SKU-level gross margin bridges for management review, highlighting cost trend, mix, and pricing impact.
  4. Support new product introduction (NPI) costing — target cost setting, should-cost modelling, and first-article cost validation before mass production.

Inventory & Standard Costing Integrity

  1. Maintain integrity of inventory valuation (raw material, WIP, finished goods) across manufacturing and trading entities under group costing policy.
  2. Lead periodic standard cost updates / cost roll cycles and coordinate cut-over with Supply Chain to avoid valuation distortions.
  3. Review slow-moving / excess & obsolete (E&O) inventory provisioning with Operations and recommend provisioning adjustments.
  4. Support physical stock counts and cycle counts at factory / 3PL warehouse locations; reconcile book-to-physical variances.

Business Partnering & Controls

  1. Act as finance business partner to Operations, Procurement, and Product Engineering on cost-down initiatives, factory consolidation, and dual-sourcing decisions.
  2. Evaluate cost impact of factory transfers, new CM onboarding, and subcontractor contract renegotiations; provide finance sign-off on commercial terms.
  3. Design and enforce internal controls over CM/subcontractor billing, tooling asset capitalisation, and consignment inventory arrangements.
  4. Support transfer pricing documentation for intercompany manufacturing and processing fee arrangements with the tax/TP team.

Month-End Close & Reporting

  1. Prepare costing-related month-end journal entries: cost roll adjustments, PPV/variance postings, tooling amortisation, and provision true-ups.
  2. Deliver monthly costing packs to Group Finance covering cost trends, variance summary, and factory scorecards.
  3. Support budget and forecast cycles with standard cost assumptions, factory capacity/utilisation inputs, and costdown targets.
  4. Liaise with external auditors on inventory valuation, cost accounting policy, and manufacturing-related audit queries.

KEY REQUIREMENTS

Qualifications & Experience

  1. ACCA (part- or fully-qualified) or Diploma in Accounting / Finance; degree holders also welcome.
  2. Minimum 6–8 years' relevant experience in cost accounting / manufacturing finance, with at least 3 years in a hardware / electronics manufacturing or contract manufacturing environment.
  3. Direct experience working with oversea -based contract manufacturers and subcontractors is essential.
  4. Prior exposure to consumer electronics, IoT hardware, or similar high-mix, short-lifecycle product environments is strongly preferred.
  5. Experience operating in a multi-entity, multi-currency group structure (SG / HK/ China ideally).

Technical & Systems Skills

  • Strong hands-on experience with ERP-based costing modules; NetSuite experience strongly preferred.
  • Advanced Excel skills (BOM cost modelling, variance analysis, should-cost templates).
  • Working knowledge of BOM/routing structures, engineering change management (ECN), and manufacturing process flows.
  • Familiarity with transfer pricing concepts for intercompany manufacturing/processing arrangements is an advantage.
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