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Costing Analyst

Costing Analyst

  • Location Malaysia - Kuala Lumpur
  • Travel required No travel is expected with this role
  • Job category Finance Group
  • Relocation available This role is not eligible for relocation
  • Job type Professionals
  • Job code RQ072996
  • Experience level Intermediate
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Job summary



Job Family Group:

Finance Group

Job Description:

At bp we’re reimaging energy, and so could you. Join us in a crucial time of transition. We are bringing all our finance and procurement activities for the group into one place, enabling better work.

The Costing Analyst will deliver finance costing accounting and inventory services to the business whilst ensuring adherence to policies and procedures in the drive for exceptional customer service, operational excellence and compliance.

About the Role:

  • Coordinate the prompt and accurate recording of financial activities (e.g. daily/monthly stock reconciliation, material price variance and landed cost variance analysis, costing worksheet preparation, cost revaluation, balance sheet reconciliation, etc.) in line with relevant requirements, policies and procedures.
  • Prepare monthly assumptions for monthly revaluation changes and perform cost ledger/cost simulation/cost freeze in the relevant systems
  • Prepare group transfer pricing with relevant analysis to explain the fluctuation of prices.
  • Monitor open and overdue items and communicate and follow-up accordingly with the appropriate staff.
  • Review reports generated by fellow members to validate data and provide constructive input while ensuring submission in a timely manner.
  • Resolve or further escalate any complex issues faced by junior analysts / interns and oversee and monitor their tasks as necessary.
  • Liaise with senior stakeholders internally and externally as and when necessary.
  • Support the preparation of documents and adjustments for monthly, quarterly and year-end close.
  • Carry out supervisory responsibilities such as planning, assigning and directing work, and providing feedback and coaching to team members.

About You:

  • Demonstrated experience in Manufacturing accounting with knowledge ein standard costing and inventory management.
  • Qualification in Accounting, Business Administration or similar discipline.
  • Shared service centre experience.

The benefits:

bp offers a vibrant, collaborative work culture in a company that closely follows its values of ‘Who We Are’. We are dedicated to developing your career and reward our people with a competitive package coupled with benefits that reflect these values.

  • Generous salary package including annual bonus program, shift and travel allowances.
  • Excellent work-life balance & flexible working arrangements (hybrid 60/40 in-office)
  • Collaborative environment that celebrates achievements, diversity, and culture
  • Ongoing career opportunities in a global organisation
  • Career development and mentoring programs

Travel Requirement

No travel is expected with this role

Relocation Assistance:

This role is not eligible for relocation

Remote Type:

This position is a hybrid of office/remote working


Accounting for financial instruments, Accounting for financial instruments, Accounting policy, Accounting processes and financial systems, Agility core practices, Agility tools, Analytical Thinking, Analytics, Business process control, Business process improvement, Collaboration, Commercial acumen, Commercial assurance for external reporting, Communication, Creativity and Innovation, Credit Management, Curiosity, Customer centric thinking, Data Analysis, Data visualization and interpretation, Decision Making, Digital Automation, Digital fluency, Financial accounting and reporting, Influencing {+ 5 more}

Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company.  We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with disabilities may request a reasonable accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.).  If you would like to request an accommodation related to the recruitment process, please contact us to request accommodations.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy.  This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.

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