Cost Accountant
2 days ago
We are seeking a detail-oriented and analytical professional to manage and analyze cost data, ensuring accurate financial reporting and efficient cost control within our organization.
The ideal candidate will play a key role in helping us understand our production costs and identify opportunities for cost-saving measures.
Key Responsibilities:- Cost Analysis & Reporting:
- Calculate manufacturing job costs and enter those costs into accounting software to be applied to individual jobs.
- Monitor and analyze cost variations across manufacturing, production, and other departments.
- Prepare cost reports, including profit margins, and provide insights to support decision-making.
- Analyze changes in product design, raw materials, manufacturing methods, or services provided to determine the effects on costs.
- Budgeting & Forecasting:
- Assist with the preparation of annual budgets and forecasts, including cost estimates for production processes.
- Compare actual production costs to estimated costs and suggest cost-reducing methods.
- Inventory Management:
- Maintain and reconcile inventory accounts to ensure accuracy in the valuation of raw materials, work-in-progress, and finished goods.
- Perform physical inventory counts and investigate variances to resolve discrepancies.
- Cost Accounting Systems:
- Maintain and enhance the cost accounting system and ensure that it is correctly applied to all relevant processes.
- Implement internal controls to safeguard company assets and ensure the integrity of financial information.
- Collaboration & Communication:
- Work closely with production and operations teams to monitor production efficiencies, waste, and costs.
- Collaborate with the finance team to ensure that all accounting policies and procedures are compliant with company standards and regulatory requirements.
- Audit & Compliance:
- Support internal and external audits by preparing necessary documentation and reports.
- Ensure compliance with relevant financial and regulatory requirements.
- Bachelor's degree in Accounting, Finance, or related field preferred.
- 3+ years of experience in cost accounting, financial analysis, or related roles in manufacturing or production environments.
- Strong understanding of cost accounting principles and inventory management.
- Advanced Microsoft Excel skills, including complex formulas, pivot tables, and data analysis.
- Strong attention to detail and analytical skills with the ability to work under pressure and meet deadlines.
- Excellent verbal and written communication skills for interacting with cross-functional teams.
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