Costing Section Head

About the job Lead the costing function within Modupay’s finance team, ensuring accurate product and service costing, robust cost allocation across the company’s modular payment platforms and insightful variance analysis that support strategic decision-making. The role bridges various teams to drive cost efficiency, profitability and scalable financial control, while also maintaining hands-on oversight of inventory valuation, physical stock checks, procurement and operational compliance. Key Responsibilities Costing & Financial Analysis Develop, maintain, and analyze standard costing models for Modupay’s payment products and service lines. Lead the month-end closing process for cost accounts, accruals and cost-of-services (COS) reporting. Conduct variance analysis across technology infrastructure costs, transaction processing fees, and operational expenses. Cost Control & Process Optimization Monitor and control operating expenses (OPEX) across all business units and cost centers. Identify cost-saving opportunities and drive process improvement initiatives across technology, operations and commercial. Develop, maintain, and analyze all sales orders and production orders to make sure that all processes have been done correctly. ERP Systems & Reporting Oversee the costing module setup, maintenance and accuracy within the SAP S/4 HANA ERP. Design financial dimension structures to ensure accurate accounting records and support analytical reporting. Prepare weekly, monthly and quarterly cost reports. Inventory & Operational Compliance Oversee and conduct physical stock checks and cycle counts to ensure inventory accuracy and minimize shrinkage. Record and monitor stock valuation movements, including adjustments, write-offs, and transfers, ensuring alignment with accounting standards and company policies. Review PRs and POs, ensuring cost-effective procurement in line with approved budgets. Prepare accurate and timely COGS reports, analyzing variances against budget and prior periods. Required Qualifications Bachelor’s degree in accounting, Finance, professional certifications (CMA) is preferred. 7–10 years of progressive experience in cost accounting. Strong understanding of standard costing, process costing and activity-based costing (ABC) methodologies. Hands-on experience with inventory valuation methods and physical stocktaking procedures. Advanced proficiency in MS Excel (pivot tables, data modeling, cost variance analysis). SAP S/4 HANA ERP Hands-on working experience is a must. Strong analytical mindset with ability to interpret complex data and provide actionable insights. Excellent cross-functional communication and stakeholder management skills. Detail Oriented and strong commitment to accuracy. Fluent in English (written and spoken) Show more Show less