Cost Accounting Assistant at Moko Home + Living

 WHAT YOU’LL DO

We are seeking a detail-oriented and highly organized Accounting Assistant to join our dynamic Cost Accounting team within a thriving manufacturing company. In this crucial role, you will play a vital part in ensuring the accuracy and efficiency of our inventory management processes. You will report directly to the Cost Accounting Manager and contribute significantly to maintaining a cost-effective and well-controlled inventory system.

 THE ROLE IN BRIEF

Responsibilities:

• Inventory Transactions and Bill of Materials (BOM) Management:
  • Process all inventory transactions for raw materials, work-in-progress (WIP), and finished goods, ensuring accuracy and adherence to established costing methods (e.g., FIFO, LIFO, Weighted average).
  • Maintain and update BOMs for all manufactured products, reflecting current component usage and costing information.
  • Analyze and reconcile discrepancies between BOMs and actual material usage during production.
• Inventory Cycle Counts and Reconciliations:
  • Assist with planning and conducting regular physical inventory cycle counts for all manufacturing locations.
  • Collaborate with production teams to ensure accurate inventory count procedures.
  • Analyze and investigate discrepancies identified during stock reconciliations, proposing solutions for future accuracy.
• Goods in Transit (GIT) and Inventory Reporting:
  • Research and reconcile goods in transit (GIT) to ensure their proper accounting treatment within the inventory system.
  • Prepare detailed reports on inventory levels, costs, turnover, and variances.
  • Assist with the analysis of inventory data to identify trends and potential cost-saving opportunities.
  • Calculate the landed costs and receive the correct value of item received in the accounting system
• Month-End and Year-End Closing:
  • Assist the Cost Accounting Manager with month-end and year-end closing procedures for inventory accounts.
  • Prepare necessary journal entries to adjust inventory valuations and ensure accurate financial reporting.
• Additional responsibilities:
  • Stay informed of current accounting regulations and best practices for manufacturing inventory management.
  • Utilize and maintain proficiency in relevant accounting software
  • Assist the Cost Accounting Manager with other accounting tasks as assigned.

GENERAL COMPETENCY EXPECTATIONS

• Plan your time to work effectively and productively with little or no supervision.
• Collaborate effectively with colleagues, achieving positive feedback from others.
• Demonstrate 100% ownership of your work, i.e. you take initiative to solve problems.
• Willingness to continuously grow and learn, receiving feedback with a positive mindset.
• Competency in using and improving data systems.
• A strong manager who can balance accountability and positivity on our team.
• Demonstrate strong analytical thinking in your written work and decision-making.

Qualifications:

• Degree in Accounting or a related field (preferred).
• Minimum 1 year of experience in an accounting role, ideally within a manufacturing environment.
• Strong understanding of manufacturing accounting principles and costing methods (e.g., standard costing, activity-based costing).
• Proficient in accounting software and comfortable working with complex spreadsheets.
• Excellent attention to detail and a dedication to accuracy in data entry and analysis.
• Strong analytical and problem-solving skills with the ability to identify and resolve inventory discrepancies.
• Ability to work independently and as part of a team in a fast-paced manufacturing setting.
• Excellent communication and interpersonal skills to collaborate effectively with various departments (production, finance, etc.).