Position Summary The Fixed Assets & Cost Accounting Specialist is responsible for fixed asset accounting, inventory costing, cost analysis, and related financial reporting activities within a manufacturing environment. This position ensures compliance with US GAAP, Sarbanes-Oxley (SOX) requirements, company policies, and local statutory regulations. The role supports accurate product costing, inventory valuation, capital expenditure accounting, month-end closing processes, and internal control compliance while partnering with manufacturing and operational teams to provide timely and reliable financial information. Key Responsibilities A. Fixed Asset Accounting Fixed Asset Management - Record and maintain fixed asset transactions, including acquisitions, transfers, depreciation, and disposals. - Ensure fixed asset capitalization complies with VAS and US GAAP requirements. - Maintain accurate fixed asset registers and supporting documentation. - Prepare monthly depreciation calculations and journal entries. - Monitor Construction-in-Progress (CIP) accounts and ensure timely capitalization of completed projects. - Assist in reviewing Capital Expenditure (CAPEX) requests and supporting documentation. - Fixed Asset Reconciliation & Verification - Perform monthly fixed asset reconciliations. - Perform periodic physical asset verification and annual fixed asset counts. - Investigate and resolve discrepancies identified during asset verification. - Prepare reports related to fixed asset movements and balances. B. Cost Accounting & Inventory Accounting Product Costing - Maintain standard costs within the SAP system. - Perform cost roll and standard cost updates as required. - Analyze material, labor, and manufacturing overhead costs. - Review Bills of Materials (BOMs) and routing structures for costing accuracy. - Inventory Accounting - Monitor inventory transactions and ensure accurate inventory valuation. - Prepare inventory reconciliations and inventory-related journal entries. - Support cycle count and physical inventory activities. - Analyze inventory reserves, slow-moving, excess, and obsolete inventory. - Manufacturing Cost Analysis - Perform monthly variance analysis, including: - Material Price Variance - Material Usage Variance - Labor Variance - Manufacturing Overhead Variance - Purchase Price Variance (PPV) - Investigate significant cost variances and provide explanations. - Prepare cost reports and manufacturing performance analyses for management. C. Financial Closing & Reporting - Support month-end, quarter-end, and year-end closing activities. - Prepare journal entries related to fixed assets, inventory, and costing. - Prepare balance sheet reconciliations and supporting schedules. - Assist in the preparation of financial reports and function reports. - Ensure accounting records are complete, accurate, and properly supported. D. SOX Compliance - Execute assigned SOX controls related to fixed assets, inventory, and cost accounting processes. - Prepare and maintain required SOX documentation and evidence. - Support management testing and audit requests related to SOX controls. - Identify and report control deficiencies to management. E. Business Support & Process Improvement - Collaborate with Manufacturing, Operations, Procurement, and Supply Chain teams. - Support new product costing and profitability analysis. - Assist with cost reduction initiatives and operational improvement projects. - Identify opportunities for process optimization and automation. - Participate in SAP enhancements and finance transformation projects. [Requirements] Education • Bachelor's Degree in: Accounting, Finance, Auditing or related disciplines Experience • Minimum 3-5 years of experience in: Fixed Asset Accounting, Cost Accounting, Manufacturing Accounting • Experience in a manufacturing environment is required. • Experience working in a multinational company is preferred. • Exposure to US GAAP reporting and SOX compliance is an advantage. Technical Skills Systems & Tools • Advanced Microsoft Excel skills. • Experience with ERP systems such as: SAP, Oracle, Other manufacturing ERP platforms Core Competencies Analytical Skills • Strong analytical and problem-solving abilities. • Ability to interpret financial and operational data accurately. Attention to Detail • High level of accuracy and attention to detail. • Strong commitment to data integrity and compliance. Communication • Good written and spoken English. • Ability to collaborate effectively with cross-functional teams. Time Management • Ability to manage multiple priorities and meet reporting deadlines. Continuous Improvement • Proactive mindset toward process improvement and operational efficiency. Key Performance Indicators (KPIs) • Timely completion of month-end closing activities. • Accurate fixed asset accounting and depreciation calculations. • Accurate inventory valuation and cost accounting records. • Completion of reconciliations without material discrepancies. • Successful support of SOX and financial audits. • Timely completion of inventory counts and fixed asset verification activities. • Accurate and timely variance analysis reporting. • Compliance with company policies, US GAAP requirements, and SOX controls.