Cost Accountant
2 weeks ago
We are seeking an experienced Cost Accountant to join our dynamic team, driving financial insights that will shape our company's profitability and operational efficiency.
Key Responsibilities- Analyze and report on actual manufacturing costs, comparing them against standard costs to evaluate performance.
- Develop and maintain an advanced cost accounting system, ensuring the accuracy of records and documentation.
- Track and assess costs related to business activities, including raw material purchases, inventory, and labor expenses.
- Support month-end close procedures, preparing necessary journal entries.
- Collaborate with operations teams to analyze variances and resolve discrepancies.
- Participate in the annual budgeting process, contributing cost data and financial insights.
- Conduct cost audits, offering comprehensive reports that drive decision-making.
- Prepare detailed reports that compare and analyze factors influencing product pricing and profitability.
- Update standard costs in bills of materials regularly.
- Lead month-end and year-end closing activities tied to cost accounting.
- Maintain detailed records of inventory, production costs, and overhead.
- Audit cycle counts to ensure inventory accuracy within ERP systems.
- Propose and implement process improvements to enhance financial accuracy and operational efficiency.
- Work alongside engineering and production teams to ensure product costs align with overall business objectives.
- Ensure compliance with corporate policies, regulatory standards, and Generally Accepted Accounting Principles (GAAP).
- Participate in cross-functional initiatives to drive cost efficiency and overall financial performance.
- Provide documentation and support for internal and external audits.
- Continuously update and refine cost accounting procedures.
- 3-5 years of experience in cost accounting.
- Bachelor's degree in Accounting, Finance, Business, or a closely related field is required.
- In-depth knowledge of cost accounting principles, general accounting practices, financial analysis, and reporting.
- Advanced understanding of GAAP, financial regulations, and industry best practices.
- Excellent skills in financial analysis, budgeting, and banking processes.
- Meticulous attention to detail and accuracy.
- Strong interpersonal skills with the ability to interact with all levels of the organization, as well as external partners.
- Proficiency in Microsoft Office Suite, particularly Excel.
- Strong familiarity with large-scale ERP systems, SAP experience highly preferred.
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