As Costing Executive, you will be responsible for conducting detailed cost analysis, performing accurate inventory valuation and calculating profit and loss for each transaction. Operating within a high-value, process-oriented environment, this role is instrumental in reinforcing financial controls, ensuring precise inventory tracking, and driving cost efficiency throughout the business cycle.
Key Responsibilities
- Prepare detailed cost reports covering material, labour, and overhead costs associated with precious metals recycling processes.
- Calculate profit and loss for each transaction, ensuring accurate cost allocation and margin analysis.
- Maintain and reconcile inventory records for raw materials, work-in-progress, semi-finished, and finished goods, ensuring precise valuation of precious metals.
- Conduct regular inventory reconciliations by comparing physical counts with ERP system data; investigate and resolve discrepancies.
- Assist in developing budgets and forecasts for production costs; analyze variances and recommend corrective actions.
- Collaborate with operations teams to improve inventory accuracy and streamline related processes.
- Support internal and external audits by providing documentation and analysis related to inventory, costing, and compliance.
- Coordinate with Business Development teams to monitor supplier costs and evaluate the cost-effectiveness of raw material sourcing.
- Analyze production data to identify cost trends, assess material yields, and evaluate the profitability of recycling operations.
- Contribute to monthly financial closing activities, including inventory valuation, cost allocation, and account reconciliations.
- Generate reports on cost variance and margin analysis to identify opportunities for cost optimization.
- Provide financial insights and ad-hoc reports to support strategic initiatives.
- Apply knowledge of Incoterms to ensure accurate landed cost calculations and assess risk allocation in supplier agreements and international shipments.
Requirements
- Bachelor’s degree in accounting, finance, or a related field.
- Professional certifications such as ACCA, CPA, or CMA will be favourably considered.
- Solid understanding of Incoterms (e.g., FOB, CIF, DDP).
- 2 – 4 years of experience in cost accounting, preferably within manufacturing, recycling, or the precious metals industry.
- Proficiency in ERP systems and Microsoft Excel.
- Strong analytical, problem-solving, and communication skills.
- High attention to detail and ability to work independently in a fast-paced environment.