Industrial Cost Controller

• Product & Standard Costing Establish, maintain, and review standard costs for raw materials, work-in-progress (WIP), and finished goods. Develop and maintain accurate Bills of Materials (BOM) and routing operations in collaboration with Engineering and Production teams. Perform annual cost roll-ups and periodic cost adjustments to ensure inventory valuation accuracy. Calculate, allocate, and monitor direct labor and overhead absorption rates across manufacturing processes. 2. Variance Analysis & Cost Control Analyze and explain monthly manufacturing variances, including material yield/price, labor rate/efficiency, and overhead volume variances. Monitor production loss, scrap, rework, and waste, working with plant management to identify cost-saving opportunities. Evaluate scrap sales and scrap tracking procedures to optimize material utilization. 3. Inventory Management & Valuation Oversee month-end inventory valuation, cycle counts, and year-end physical inventory stocktakes across raw materials, WIP, and finished goods. Perform monthly inventory reconciliation between the general ledger and Oracle ERP modules. Identify slow-moving, obsolete, or damaged stock and compute appropriate inventory reserves/write-offs. 4. Financial Reporting & Month-End Closing Execute month-end and year-end closing procedures for cost accounting in Oracle E-Business Suite (Cost Management, Inventory, WIP modules). Prepare cost accounting journal entries, balance sheet reconciliations, and manufacturing cost management reports. Develop key performance indicators (KPIs) and operational dashboards covering production efficiency, unit margins, and inventory turnover. 5. Cross-Functional Collaboration & Decision Support Partner with Purchasing, Production, Engineering, and Logistics teams to audit operational processes and strengthen internal controls. Assist in preparing the annual operating budget, rolling forecasts, and capital expenditure (CapEx) evaluations. Support internal and external audit processes related to inventory, cost of goods sold (COGS), and internal accounting controls.

Desired Candidate Profile

Bachelor's degree in Cost Accounting, Accounting, or Finance, preferably with a specialization in Cost Accounting. Minimum of 8 years' experience in cost accounting within a manufacturing company, preferably producing steel or metal fabricated products, or a similar industrial manufacturing environment. Strong experience in product costing, standard costing, Bills of Material (BOM), routing, overhead allocation, inventory valuation, and manufacturing cost analysis. Excellent understanding of manufacturing processes, including raw materials, work-in-progress (WIP), finished goods, and production variance analysis. Hands-on experience with Oracle E-Business Suite R11/R12, with strong expertise in the Manufacturing and Costing modules, particularly Cost Management, Inventory, Bills of Material (BOM), Work in Process (WIP), and purchasing. Experience in month-end and year-end closing, inventory reconciliation, cost roll-up, and manufacturing variance analysis. Strong analytical skills with the ability to identify cost-saving opportunities and improve manufacturing efficiency. Experience in budgeting, forecasting, and preparing management reports and KPIs. Ability to work closely with the Production, Purchasing, Engineering, and Finance departments to strengthen cost control and improve operational performance. Strong knowledge of internal controls and manufacturing accounting procedures. Advanced proficiency in Microsoft Excel and financial reporting. Excellent communication, analytical, and problem-solving skills. GCC experience is preferred. Employment Type Full-time

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