Costing Manager

Job Description

Job Summary:

• Responsible for calculating the reasonable and timely product cost of manufacturing. Control the budget, effectively manage the production consumption across all product lines at the NETCO factory.

• Support the Board of Directors and factory departments in making cost-related decisions. Control assets, inventory, and ensure the correct process for stock in, stock out, and inventory counting according to regulations.

• Set up and operate an effective costing accounting system in line with the group's general standards.

Job Responsibilities:

• Construct and design a rational product costing system. Ensure that the product cost accurately reflects the actual production costs, with direct costs recorded precisely, and common costs allocated reasonably; complete the cost accounting on time.

• Develop a transparent and clear reporting and analysis system on actual cost performance, with a focus on providing information tailored to the needs of each stakeholder, in order to support cost control and operational improvement efforts at the factory.

• Lead the annual cost planning and budgeting process for the factory in a timely and quality manner, clearly outlining the actions required to achieve the budget targets; closely monitor and promptly highlight to the management team any risks, inefficiencies in spending, as well as propose opportunities to improve production costs.

• Provide guidance and issue accounting policies on all warehouse transactions (input and output of raw materials, packaging, semi-finished goods, finished products, technical supplies, etc.), verify and ensure that all warehouse transactions are properly recorded, with complete supporting documentation in compliance with corporate and legal requirements. Organize periodic physical inventory counts of goods in accordance with inventory policies.

• Manage the factory's fixed assets from acquisition to utilization: witness asset creation, disposal, and transfers, timely record all transactions, and conduct periodic (annual) physical inventory of assets, investigate and recommend solutions for any missing or underperforming assets.

• Effectively operate the Costing, Fixed Assets, and Operations Performance Management modules, ensure data transparency, investigate and address any discrepancies between sub-ledgers and the general ledger in a timely manner.

• Monitor and optimize the handling of SMOS (Slow Moving/Obsolete Stock) in accordance with approval and legal/tax regulations.

• Guide the factory departments to understand and comply with accounting policies and procedures (e.g. payment process, fixed asset investment, SMOS handling, periodic inventory).

• Ensure timely and compliant reporting to tax authorities, auditors, and the parent company, and provide reasonable explanations.

• Train, coach, and develop the team.

Job Requirement

• Over 6 years of experience in the Accounting - Finance field; 3-5 years of experience in equivalent positions and scales; experience working at MNC/foreign organizations is preferred.

• Understand the principles of cost management.

• Possess communication, persuasion, and motivational skills to get other departments/teams to align with the set objectives.

Skills:

• Accounting systems knowledge (Oracle, SAP - preferred)

• Accounting standards knowledge: VAS & IFRS

• MS Office

Competency:

• Cost accounting and management

• Business planning

• Management reporting and analysis

• Risk management and internal control

• Accounting information systems