Cost Analyst

About the role

Illuminance Technologies Group Sdn Bhd is seeking a talented Cost Analyst to join our team in Bayan Lepas, Penang. As a Cost Analyst, you will play a crucial role in analysing and monitoring the company's costs, helping to optimise financial performance and drive operational efficiencies. This is a full-time position with excellent opportunities for career growth within our dynamic organisation.

Key Responsibilities & Duties

• Cost Analysis & Reporting: Collect and analyze data on production costs (labour, materials, overheads) to prepare detailed reports for management.
• Variance Analysis: Compare actual production costs to standard costs to identify discrepancies and areas for cost reduction.
• Budgeting & Forecasting: Assist in developing budgets, forecasting expenses, and analyzing inventory levels to identify obsolete or excess stock.
• Process Improvement: Work with production, procurement, and finance departments ...