Cost Accountant- Carrum Downs, Melbourne VIC, AustraliaWHO WE AREWe are an Australian-owned flavour house, with operations in both Australia and Vietnam.
Established in **** as a family-owned business, Essential is now into the second generation of Nielsen management and continues to cherish the family values entrenched by the founder John.
Located in Carrum Downs, Victoria, our facility is purpose-built to our requirements and to further expand our capabilities in local and international markets.Our business continues to strengthen and grow after 30 years with our focus on partnering with our clients to develop new, unique, and ever-evolving flavours and product solutions.
Picture the time when you were a child, savouring the tastes that came with eating your favourite food.
These recollections are what drives us to be part of creating "Future Memories."WHY WORK FOR US?
We are passionate about what we do and are guided by our core values:We are our communityWe have a learning and evolutionary mindsetWe think beyond our bordersWe share the loveWe have a strong sense of team and supportive culture.
We focused on delivering the best products and service for our customers, and we also make time to celebrate our achievements and share our successes.Our story still has many pages to be written and we are now seeking a Cost Accountant for to support our Finance team to analyse the data into a meaningful way.YOUR SKILLS AND QUALIFICATIONSTo be a complimentary fit for this role you will have:Bachelor of Commerce, Business,



Accounting or similar qualification.Be proactive and think 'outside the square'Collaborative and effective team player.Strong time management and organisational skills.Clear, professional, and articulate communication.Sound analytical and problem-solving skills.High levels of initiative.Positive 'can do' attitude.Solid alignment to organisational values.YOUR ROLEYou will be key support to the Finance and Data Manager in providing accurate and timely financial data, analysis andreporting of the company's accounting activities.
Some key tasks include:Maintain and update standard costs for raw materials, labour, and overheadsAnalyse manufacturing variances (material, labour, overhead, yield) and provide actionable insights to managementSupport and maintain bills of materials (BOMs), routings, and work-in-process (WIP) accuracyMonitor and manage inventory valuation across raw materials, WIP, and finished goodsSupport product pricing decisions through detailed cost and margin analysisDevelop cost models for new products, process changes, and capital investmentsPartner with R&D; and commercial teams to evaluate pricing scenarios and profitability outcomesMaintain and monitor standard costing systems, including variance analysis (price, usage, efficiency, yield)



and root cause investigationMonitor supplier pricing, contracts, and cost changes; perform 3-way matching of purchase orders, goods receipts, and invoicesSupport supplier audits and drive cost transparency initiativesOversee inventory valuation methodologies (FIFO, moving average, standard costing, batch costing)Coordinate and review cycle counts and physical stocktakes; monitor scrap, waste, slow-moving, obsolete, and excess inventoryEnsure integrity of ERP systems, including item master data, costing structures (BOMs and routings), and inventory movementsPerform month-end close activities related to procurement, inventory, and cost of goods sold (COGS)Reconcile inventory and purchasing sub-ledgers to the general ledgerPrepare and post cost-related journals, accruals, and financial adjustmentsPrepare CAPEX project reporting and provide variance analysis and commentaryEnsure accurate and timely financial reporting in line with accounting standardsPrepare regular cost reports and ad-hoc analysis for stakeholdersIdentify and implement cost-saving opportunities, process improvements, and strengthened internal controlsSupport internal and external audits through provision of documentation and insightsAssist with ERP system enhancements and implementations related to costing and inventoryUndertake ad hoc tasks as delegated by the Finance analyst or executive team.To find out more about us, please visit our website: or our Essential Flavours LinkedIn page.
*Applicants must be eligible to work full time in Australia.
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📌 Cost Accountant: Master Costing & Analytics (Melbourne)
🏢 Essential Flavours
📍 Melbourne