Senior Cost Accountant
1 month ago
Key Responsibilities
- Analyze and report on costs and expenses to identify opportunities for cost reduction and profit maximization
- Conduct regular financial audits to ensure compliance with regulations and accuracy of financial information
- Oversee the preparation of monthly, quarterly, and annual financial reports to provide timely and actionable insights
- Manage and maintain the cost accounting system to ensure accurate and timely data entry
- Collaborate with various departments to gather cost data and provide cost analysis reports to support business decisions
- Participate in the development and analysis of product cost standards to optimize profitability
- Prepare and monitor budget forecasts to provide variance analysis and support strategic planning
- Evaluate and recommend cost-effective solutions for operational changes to drive business growth
- Conduct financial analysis to support business decisions and strategic planning
- Provide guidance and support to junior members of the cost accounting team to ensure knowledge transfer and development
- Assist in the implementation and maintenance of internal controls and procedures to ensure financial integrity
- Interpret financial results and communicate findings to management to inform business decisions
- Maintain a deep understanding of market trends and their impact on costing decisions to drive business growth
- Contribute to the continuous improvement of cost accounting processes and procedures to optimize efficiency and effectiveness
- Collaborate with external auditors during annual audit processes to ensure compliance and accuracy
Required Qualifications
- Bachelor's degree in Accounting, Finance, or related field; CPA or CMA preferred
- Proven experience as a cost accountant or similar role with a strong track record of success
- Demonstrated expertise in cost accounting principles, practices, and procedures
- Advanced proficiency in Excel and other financial software applications
- Strong analytical and problem-solving skills with the ability to think critically and strategically
- Excellent knowledge of accounting regulations and standards
- Ability to work effectively in a fast-paced, dynamic environment with multiple priorities and deadlines
- Exceptional attention to detail and accuracy with a strong focus on quality and precision
- Excellent communication and interpersonal skills with the ability to collaborate and influence stakeholders
- Ability to prioritize and manage multiple tasks and deadlines with a strong sense of urgency and focus
- Solid understanding of financial auditing processes and internal controls
- Experience in implementing cost accounting systems and process improvements to drive efficiency and effectiveness
- Knowledge of ERP systems and their integration with cost accounting
- Capability to handle sensitive and confidential information with integrity and discretion
- Strong team player with a proactive and collaborative approach to work
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