Cost Accountant at Wemy Industries Limited

Job Summary

• The Cost Accountant is responsible for monitoring, analyzing, and controlling production costs within the diaper manufacturing process. The role ensures accurate product costing, inventory valuation, cost optimization, and financial reporting to support efficient manufacturing operations and profitability.

Key Responsibilities

• Prepare and maintain standard cost sheets for products and raw materials.
• Analyze production costs, including raw materials (SAP, pulp, nonwoven fabric, etc), labour, packaging, and overheads.
• Conduct variance analysis between actual and standard costs.
• Identify cost-saving opportunities in manufacturing processes.
• Monitor daily and monthly production costs.
• Track material consumption rates and wastage.
• Work closely with production and procurement teams to control costs.
• Ensure accurate allocation of factory overheads.
• Maintain accurate records of raw materials, work-in-progress (WIP), and finished goods.
• Conduct periodic inventory reconciliation and stock counts.
• Monitor slow-moving or obsolete inventory.
• Ensure proper inventory valuation in compliance with accounting standards.
• Support preparation of manufacturing budgets and cost forecasts.
• Analyze deviations between budgeted and actual costs.
• Provide financial insights for production planning.
• Prepare cost reports for management review.
• Provide cost breakdown for different diaper product lines.
• Assist in pricing decisions and profitability analysis.
• Improve cost accounting systems and reporting processes.

Qualifications

• Bachelor’s degree in Accounting, Finance, Economics, or related field.
• Professional certification (ICAN, ACCA, or equivalent) is an advantage.
• 3–6 years of experience in cost accounting within manufacturing, preferably FMCG or diaper manufacturing.
• Experience with ERP systems and inventory management systems.