Cost Accountant
4 weeks ago
Pinnacle Recruitment Services is seeking a highly skilled Cost Accountant to join our team.
Job Summary:
The successful candidate will be responsible for analyzing and reporting on the financial aspects of agricultural operations to ensure effective cost control, budgeting, and profitability.
Key Responsibilities:
- Cost Analysis & Control:
- Analyze and maintain cost accounting records for various agricultural products and services.
- Track and evaluate direct and indirect costs associated with production, including labor, raw materials, equipment, and overhead.
- Implement and monitor cost-saving initiatives to improve profitability.
- Budgeting & Forecasting:
- Prepare and analyze annual budgets and periodic forecasts.
- Assist in financial planning for projects and operations, helping to determine the most cost-effective methods of production.
- Provide variance analysis comparing actual vs. budgeted performance, explaining significant variances and recommending corrective actions.
- Inventory Management:
- Conduct physical inventories and ensure accurate inventory valuation, particularly for seeds, fertilizers, feed, machinery, and other agricultural inputs.
- Monitor stock levels and identify cost reduction opportunities in procurement and usage.
- Product & Service Costing:
- Establish standard costs for various agricultural products and services, updating them periodically based on operational and market changes.
- Evaluate product profitability and pricing models to ensure cost recovery and margin optimization.
- Financial Reporting:
- Prepare and present cost analysis reports, including cost of goods sold (COGS), gross margins, and operating expenses.
- Support month-end and year-end financial close processes by ensuring timely and accurate cost accounting entries.
- Compliance & Auditing:
- Ensure compliance with local, state, and federal accounting regulations.
- Assist in internal and external audits by providing detailed financial data and cost accounting reports.
- Collaboration:
- Work closely with operations, procurement, and sales teams to understand cost drivers and develop strategies to manage costs.
- Collaborate with finance and management to develop cost-effective business solutions and operational improvements.
Qualifications:
- Education:
- Bachelor's degree in Accounting, Finance, or related field. CPA/CMA certification is a plus.
- Experience:
- 3-5 years of experience in cost accounting, preferably within the agriculture, food production, or manufacturing industries.
- Strong understanding of cost accounting principles, inventory management, and financial reporting.
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