Cost Accountant
5 months ago
Major responsibilities
- Log a detailed record of collected data
- Take physical inventory and review the cycle count program
- Analyze projects and data to determine costs of business activity such as raw material purchases, inventory, and labor usage, waste
- Recommend costs and cost savings based on analysis
- Estimate new and proposed product costs
- Perform internal cost audits
- Review changes in goods or services provided in order to determine what effect it has on the cost
- Generate reports comparing production costs to standard costs and analyze manufacturing costs
- Provide management with reports that specify and compare factors that affect prices and profitability of products or services
- Develop and maintain the cost accounting system, documents, and records of the organization
- Carry out variance analysis such as Purchase Price to Cost variance, cost revaluation, Invoice to PO price variances and work order variances
- Comply with Generally Accepted Accounting Principles (GAAP) for financial statements
- Assist in general ledger preparation and audits
- Manage the implementation of a standard costing methodology for domestic plants
- CPA or working towards designation.
- 2-5 years of Cost Accounting work experience
- Detailed and have the ability to work independently
- Strong knowledge of cost management methodologies, activities, and cost pools based on direct and indirect cost rates
- Strong analytical thinking and a detail-oriented mindset
- Experience working with organizational accounting concepts
- Competence with financial data analysis and report generation that is prompt and accurate
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