Cost Accountant at Vivo Fashion Group

Job Purpose

As the Cost Accountant will play a critical role in Vivo Fashion Group’s production division and be responsible for providing accurate and timely cost analysis to drive decision-making and cost optimization. This role requires in-depth knowledge of cost accounting, excellent analytical skills, and the ability to work collaboratively with production and finance teams to streamline costing processes. The successful candidate will develop and implement a comprehensive costing framework to standardize cost management practices, monitor and analyze cost factors, track production expenses, and ensure cost efficiency across all activities.

Key Responsibilities

• Develop and maintain a comprehensive costing framework across all production cost centres.
• Standardize costing processes, including materials, labour, and overhead calculations.
• Collaborate with production teams to set and update cost standards.
• Provide detailed cost analysis to support pricing decisions for the buying team and management.
• Track and analyze in-house fabric printing costs, including ink, labour, and machine maintenance.
• Monitor printing job outputs and identify opportunities for cost reduction.
• Implement cost-saving initiatives and optimize production workflow to reduce inefficiencies.
• Prepare cost reports and ensure compliance with accounting standards.
• Assist with internal and external audits, providing necessary documentation.
• Implement and review cost management tools and continuously drive improvements in cost accounting practices.
• Analyze waste, scrap, and rework costs, recommending ways to minimize losses.

Key Skills

• Strong attention to detail and accuracy in cost analysis.
• Excellent analytical and problem-solving skills in managing production costs.
• Effective communication skills with the ability to collaborate across cross-functional teams, including production and finance.
• Proven ability to work with complex financial data and provide insights for cost optimization.

Qualifications & Experience

• Bachelor’s degree in Accounting, Finance, or a related field.
• Certified Public Accountant (CPA) or equivalent certification preferred.
• At least 4 years of experience in cost accounting, particularly within a manufacturing or production environment.
• Proficiency in accounting software and ERP systems.
• Strong attention to detail and accuracy in cost analysis.
• Excellent analytical and problem-solving skills in managing production costs.
• Effective communication skills with the ability to collaborate across cross-functional teams, including production and finance.
• Proven ability to work with complex financial data and provide insights for cost optimization