Key Responsibilities
- Costing, Stock Valuation & Product Profitability
- Assist in planning, organizing, and monitoring product costing systems, stock valuations, and inventory reporting.
- Prepare and review monthly stock valuations and costing for work-in-progress (WIP) and finished goods.
- Maintain cost allocation bases for raw materials, production costs, and factory overhead absorption rates.
- Analyze product profitability across product groups (including distilled, fractionated, and hydrogenated fatty acids, glycerine, and other segments).
- Highlight negative-margin contracts, abnormal variances, and cost control risks to management.
- Management Reporting & Budgeting
- Prepare segment P&L reporting, support annual budget formulation, and perform rolling forecast variance analyses.
- Monitor key cost drivers, inventory movements, and production cost trends to recommend corrective actions.
- Payments, Financial Controls & Risk Management
- Review payment proposals, supplier invoices, POs, delivery orders, weight tickets, and receiving vouchers for accuracy and procedural compliance.
- Identify control gaps, strengthen internal governance, and ensure department readiness for internal/external audits.
- Coordinate corporate insurance renewals and ensure coverage adequately protects company assets.
- Accounting, Tax & Statutory Compliance
- Oversee transaction recordings, journal classifications, and month-end/year-end accounting closures.
- Review accounting schedules, reconciliations, accruals, and provisions.
- Assist with statutory financial statement preparations and coordinate audit query responses.
- Liaise with tax agents and regulatory authorities on corporate income tax, Sales and Service Tax (SST), and withholding tax computations and submissions.
- Inventory Governance & Team Leadership
- Review stock write-offs, stock adjustments, and high-level/slow-moving inventory risks alongside Operations, Procurement, and Warehouse teams.
- Directly supervise, guide, and develop junior team members.
Job Requirements
- Education: Degree in Accounting, Finance, or a related discipline. Professional accounting qualifications (ACCA, CIMA, CPA, MIA, or equivalent) are highly preferred.
- Experience: Minimum 5 years of relevant working experience in costing, accounting, or management reporting within a manufacturing environment. Experience in palm oil refining, oleochemicals, chemicals, or process manufacturing is highly preferred.
- Technical Knowledge:
- Strong foundation in standard costing, product margin analysis, inventory controls, budgeting, and variance analysis.
- Hands-on understanding of internal control frameworks, payment verification procedures, and audit readiness.
- Sound knowledge of MFRS/IFRS accounting standards and Malaysian statutory tax regulations (Income Tax, SST, Withholding Tax).
- Systems & Soft Skills:
- Proficiency in accounting/ERP systems and Microsoft Office applications.
- Strong analytical, problem-solving, and cross-functional communication skills.
- Demonstrated team leadership, attention to detail, and a continuous improvement mindset.
