Cost Accounting

The Cost Accounting at FES VN will play a key role in ensuring accurate financial reporting and cost control across the company's domestic and international operations. This role is responsible for managing the cost of goods sold (COGS), analyzing production costs, and providing key insights into financial performance. The Cost Accounting will collaborate closely with cross-functional teams, including operations, purchasing, and production, to analyze financial data and support decision-making processes.
Key Responsibilities:
1. Financial Reporting & Analysis:
Prepare and deliver monthly inventory reports, margin reports, and overhead cost analyses to management and Head Quarter.
Conduct detailed production cost analysis, including volume tracking and cost information based on monthly sales.
Ensure timely and accurate financial reporting, adhering to deadlines.
2. Gross Profit & Cost Analysis:
Analyze gross profit margins for various product and provide insights on cost trends.
Compare actual costs to standard costs and investigate variances.
Calculate and obtain approval for costing across markets using approval matrix.
Support contract price verification and ensure financial terms are aligned with company standards.
3. Inventory Control:
Oversee inventory movement, ensuring all transactions are properly tracked and reported.
Organize and execute monthly physical inventory counts to ensure accurate stock levels.
Propose and implement process improvements to enhance inventory management and control.
4. Cross-Department Collaboration:
Work closely with the operations, purchasing, and production teams to have feasibility analyze and highlight potential risk among options in new projects.
Approve the purchase of capital expenditure (CapEx) items for the factory, ensuring alignment with budget and operational requirements.
5. Process Improvement:
Identify opportunities to improve cost accounting processes and financial reporting accuracy.
Recommend best practices to enhance efficiency in financial operations and cost management.