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. 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. 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. 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. 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.