Material Cost Controller
18 hours ago
Job description
- Job Purpose
Responsible for managing material procurement, controlling production costs, inventory, and fixed assets; ensuring accounting data is accurate, timely, and compliant with regulations. Additionally, supports management decision-making through analysis of costs, budgets, and production performance.
- Key Responsibilities
A. Material Purchasing
• Plan material purchases based on production needs and inventory forecasts.
• Source, evaluate, and select suppliers to optimize cost and quality.
• Negotiate contracts, prices, and payment terms with suppliers.
• Monitor purchase orders, delivery schedules, and resolve supplier issues.
• Ensure accurate purchasing data in ERP/SAP systems.
B. Inventory Control
• Monitor and review purchase orders (POs) to ensure goods received, invoices, and accounts payable are accurately recorded.
• Perform month-end inventory closing, including:
• Setting inventory provisions;
• Analyzing slow-moving items;
• Preparing inventory reports for management purposes.
• Supervise periodic physical inventory counts, coordinating with relevant departments to ensure accuracy.
• Review and update the Bill of Materials (BOM), identify and correct errors before cost activation.
C. Cost Control
• Monitor annual budget usage, provide early warnings, and collaborate with departments to control costs within approved limits.
• Analyze production and operational costs, propose cost optimization measures, and enhance financial efficiency.
• Support the annual budgeting process, including departmental budget consolidation.
D. Capex Management
• Monitor procurement and recording of fixed assets.
• Review documentation and approve Capex Requests to ensure timely capitalization and compliance with accounting standards.
• Coordinate with technical, production, and accounting teams to ensure accurate asset recording and depreciation.
E. Process Optimization & Reporting
• Apply technology to automate reporting processes, increase accuracy, and reduce processing time.
• Prepare regular reports on costs, inventory, and budgets for management decision-making.
• Propose process improvement and cost management initiatives to enhance operational efficiency.
- Qualifications & Requirements
Education: Bachelor's degree in Accounting, Finance, Business Administration, Logistics, or related fields.
Experience: 3-5 years of experience in material purchasing, cost control, cost accounting, or inventory management in a manufacturing company.
Knowledge:
• Strong understanding of production processes, production costs, BOM, and material standards.
• Knowledge of Vietnamese Accounting Standards (VAS), tax, and customs regulations.
Skills:
• Data analysis, reporting, and problem-solving skills.
• Proficient in Excel and purchasing/accounting software.
• Strong negotiation and communication skills.
Contact: or
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