Job Purpose
As the Cost Accountant will play a critical role in Vivo Fashion Group’s production division and be responsible for providing accurate and timely cost analysis to drive decision-making and cost optimization. This role requires in-depth knowledge of cost accounting, excellent analytical skills, and the ability to work collaboratively with production and finance teams to streamline costing processes. The successful candidate will develop and implement a comprehensive costing framework to standardize cost management practices, monitor and analyze cost factors, track production expenses, and ensure cost efficiency across all activities.
Key Responsibilities
Develop and maintain a comprehensive costing framework across all production cost centres.
Standardize costing processes, including materials, labour, and overhead calculations.
Collaborate with production teams to set and update cost standards.
Provide detailed cost analysis to support pricing decisions for the buying team and management.
Track and analyze in-house fabric printing costs, including ink, labour, and machine maintenance.
Monitor printing job outputs and identify opportunities for cost reduction.
Implement cost-saving initiatives and optimize production workflow to reduce inefficiencies.
Prepare cost reports and ensure compliance with accounting standards.
Assist with internal and external audits, providing necessary documentation.
Implement and review cost management tools and continuously drive improvements in cost accounting practices.
Analyze waste, scrap, and rework costs, recommending ways to minimize losses.
Key Skills
Strong attention to detail and accuracy in cost analysis.
Excellent analytical and problem-solving skills in managing production costs.
Effective communication skills with the ability to collaborate across cross-functional teams, including production and finance.
Proven ability to work with complex financial data and provide insights for cost optimization.
Qualifications & Experience
Bachelor’s degree in Accounting, Finance, or a related field.
Certified Public Accountant (CPA) or equivalent certification preferred.
At least 4 years of experience in cost accounting, particularly within a manufacturing or production environment.
Proficiency in accounting software and ERP systems.
Strong attention to detail and accuracy in cost analysis.
Excellent analytical and problem-solving skills in managing production costs.
Effective communication skills with the ability to collaborate across cross-functional teams, including production and finance.
Proven ability to work with complex financial data and provide insights for cost optimization
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