Cost Accounting Specialist

2 weeks ago


Tuscaloosa, Alabama, United States Focus Full time
Job Overview

Focus is seeking a dedicated Cost Accounting Specialist to join our team. This role is pivotal in analyzing and interpreting cost accounting data to support our financial objectives. The successful candidate will possess a strong background in cost accounting, ideally with experience in a manufacturing setting.

Key Qualifications:

  1. Bachelor's Degree in Accounting, Finance, or Business Administration from an accredited institution.

Preferred Experience:

  • A minimum of 2 years in cost accounting roles.
  • Experience in a manufacturing environment is highly desirable.
  • Proficient in SAP and advanced Excel capabilities.
  • Strong understanding of cost accounting principles and their application in manufacturing.
  • Ability to analyze detailed data and identify discrepancies through effective data mining techniques.
  • Excellent analytical, mathematical, and communication skills, both written and verbal.
  • Familiarity with concepts such as product costing, standard costing, and cost-volume-profit analysis.

Core Responsibilities:

  1. Develop and manage Accounting Master Data, ensuring accurate cost allocation for new and existing products.
  2. Validate product cost accuracy by researching manufacturing production transactions.
  3. Collaborate with Master Data teams to ensure consistency between current data and production metrics.
  4. Maintain the integrity of standard and actual costs within SAP, focusing on key metrics such as scrap rates and efficiency.
  5. Regularly review production master data and coordinate updates with the master data group.
  6. Prepare budgets and calculate necessary rates for cost releases, executing processes within SAP.
  7. Oversee material cost object structures and analyze production processes for accurate costing.
  8. Investigate planned versus actual costs in manufacturing cost centers.
  9. Execute month-end journal entries and closing processes in SAP.
  10. Analyze monthly variances and participate in continuous improvement initiatives.
  11. Calculate cost savings resulting from process improvements and participate in operational assessments.
  12. Assist in semi-annual inventory processes.


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