Overview

Accounting Analyst Jobs in Singapore, Singapore at Panduit

Title: Accounting Analyst

Company: Panduit

Location: Singapore, Singapore

We are seeking a highly skilled and detail-oriented Accounting Analyst to join our manufacturing accounting team. As an Accounting Analyst, you will be responsible for overseeing the manufacturing support expense compared to budget, analysing absorption variances, including its forecasting and budgeting. Your expertise will play a critical role in optimizing cost efficiencies, ensuring accurate budgeting, and contributing to the overall success of our manufacturing operations.

Role:

  1. 60% Accounting and Operation
  2. 40% Financial planning & Analysis

Responsibilities:

  1. Cost Analysis: Analyse absorption variances by comparing actual manufacturing costs to budgeted costs, identifying the factors contributing to variances, and proposing corrective actions.
  2. Forecasting and Budgeting: Collaborate with relevant departments to forecast manufacturing variance & support expenses for upcoming periods and develop annual budgets. Monitor performance against these budgets and provide Budget vs Actual reports to management.
  3. Product Costing: Calculate and maintain accurate product costs, incorporating direct materials, direct labour, and overhead expenses. Validate the accuracy of cost data in product bills of materials (BOMs).
  4. Cost Variance Reporting: Prepare detailed reports on manufacturing cost variances, highlighting key drivers and trends. Present variance analysis to management and provide insights for decision-making.
  5. Cost Optimization: Collaborate with cross-functional teams to identify opportunities for cost optimization, process improvements, and efficiency enhancements throughout the manufacturing process. Verify cost saving resulted from carrying various Leans / process improvement projects which is to be included in the division KPI reporting
  6. Compute Return on Investment (ROI), as an investment evaluation tools to assess the financial performance and attractiveness of a particular investment opportunity
  7. Inventory Management: Work closely with the inventory management team to ensure accurate costing of inventory items and address any discrepancies.
  8. Lead annual stock take exercise for various warehouse locations, which include planning and coordination; pre-stock takes preparations and post-stock take reporting.
  9. To act as a financial advisor to the Plant Manager, working in close collaboration.
  10. Monitor and control capital expenditure (Capex) to ensure alignment with approved budgets and business objectives

Requirements:

  1. Bachelor’s degree in accounting/ ACCA / Finance, or a related field
  2. Proven experience (typically 8+ years) as an Accounting Analyst or in a similar costing role within the manufacturing industry.
  3. Strong understanding of absorption costing, variance analysis, forecasting, and budgeting.
  4. Proficiency in ERP systems (General Ledger, Cost Management and Fixed Assets), with the ability to extract and analyse data.
  5. Proficiency in Microsoft Application, Oracle & Business Objects will be an added advantage
  6. Excellent analytical skills and attention to detail, with the ability to interpret complex data and present actionable insights.
  7. Solid knowledge of manufacturing processes and inventory management.
  8. Strong leadership and communication skills, with the ability to work collaboratively across departments.

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