Material Cost Controller

Job description

1. 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.

2. 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.

3. 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: 09777 63 770 or [Confidential Information]