Accounting Professional
2 weeks ago
**Cost Analyst Position at OMEGA Engineering**
The Cost Analyst position at OMEGA Engineering is a critical role that requires a high level of expertise in financial analysis and cost management. The successful candidate will be responsible for analyzing and optimizing costs, ensuring accurate and timely financial reporting, and providing insights to management to drive business decisions.
Key Responsibilities:- **Cost Analysis**: Conduct detailed analysis of manufacturing costs, including material, labor, and overhead expenses, to ensure accurate and timely reporting of cost data. Analyze variances between actual and standard costs, providing insights into production efficiency and cost control.
- **Financial Reporting**: Prepare and present detailed cost reports and analyses to management, highlighting key cost drivers and areas for potential cost savings. Ensure compliance with internal controls and financial reporting standards.
- **Budgeting and Forecasting**: Assist in the development of cost budgets and forecasts by analyzing historical data and identifying trends. Provide cost estimates for new products or projects and support management in decision-making processes.
- **Process Improvement**: Identify opportunities for process improvements within the cost accounting function, including the enhancement of cost tracking systems, standard costing methods, and reporting tools. Collaborate with cross-functional teams to implement best practices.
- **Bachelor's degree in Accounting or equivalent**
- **3-5 years of related accounting reconciliation experience and/or finance experience**
- **Demonstrated technical knowledge and understanding of Accounting theory, principles, practices, and regulations including FASB/GAAP and SOX compliance**
- **Expert-level user of MS Office Excel and Power BI**
- **Demonstrated successful use of technology to improve process efficiency**
- **Effective team-building and leadership skills**
- **Demonstrated project management skills**
- **Commitment to the highest standards of quality and integrity**
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