Senior Cost Accountant
Date: 5 Apr 2024
Location: Kamunting, 08, MY
Company: Teleflex
Expected Travel: None
Requisition ID: 10156
About Teleflex Incorporated
Teleflex is a global provider of clinically effective medical technologies designed to improve the health and quality of people’s lives. We apply purpose driven innovation – a relentless pursuit of identifying unmet clinical needs – to benefit patients and healthcare providers. Our portfolio is diverse, with solutions in the fields of vascular and interventional access, interventional cardiology, surgical, anesthesia, cardiac care, interventional urology, urology, emergency medicine and respiratory care. Teleflex employees worldwide are united in the understanding that what we do every day makes a difference. For more information, please visit teleflex.com.
Global Operations - Global Operations is a complex and diverse organization within the company which is responsible for product fulfilment to all our customers from end to end. We pride ourselves on being totally Customer Centric in our unrelenting focus on Improving Quality, Service and Value as perceived by our customers. Our employees are dedicated to the Global Operations Enterprise Excellence journey. Join a dynamic, growing team that offers healthcare providers an array of medical technology solutions that make a difference in patients’ lives.
Position Summary
Principal Responsibilities
Standard Cost Setting: Establish standard costs for materials, labor, and overhead based on historical data, industry benchmarks, and other relevant factors.
Variance Analysis: Monitor and analyze the differences (variances) between standard costs and actual costs incurred during production. Investigate and explain significant variances to management.
Budgeting and Forecasting: Assist in the development of budgets and forecasts by providing input on cost-related factors. Monitor actual performance against budgeted targets and provide explanations for any deviations.
Inventory Control: Implement and maintain inventory control procedures to ensure accurate recording of inventory levels and valuation in accordance with standard costs.
Cost Reporting: Prepare regular cost reports and performance metrics to track key cost drivers and identify areas for improvement. Present findings to management and provide recommendations for cost-saving initiatives.
Costing Systems Management: Oversee the maintenance and accuracy of the costing system, ensuring proper allocation of costs to products or production units using standard cost methodologies.
Process Improvement: Collaborate with cross-functional teams to identify opportunities for process improvements and cost optimization. Implement cost-saving initiatives and efficiency enhancements as appropriate.
Compliance and Controls: Ensure compliance with relevant accounting standards, internal controls, and regulatory requirements in all cost-related activities. Identify and address any compliance issues or control weaknesses.
Education / Experience Requirements
Degree in Accounting / Finance
Experience : 7- 8 years working experience in manufacturing
Specialized Skills / Other Requirements
Note: As with all positions, due to the dynamic nature of Teleflex Medical business, key responsibilities may evolve and change over time.
Teleflex is an equal opportunities employer
Teleflex is the home of Arrow®, Deknatel®, Hudson RCI®, LMA®, Pilling®, Rüsch®, UroLift® and Weck® – trusted brands united by a common sense of purpose. Teleflex, the Teleflex logo, Arrow, Deknatel, Hudson RCI, LMA, Pilling, Rüsch, UroLift and Weck are trademarks or registered trademarks of Teleflex Incorporated or its affiliates, in the U.S. and/or other countries.