We're Hiring: Cost Accountant

• Job Title: Cost Accountant

• Job Overview:  

A Cost Accountant is responsible for analyzing and controlling costs within an organization to ensure efficient operations and profitability. They monitor and assess the costs of production, prepare cost reports, and provide financial analysis to support decision-making. Their work helps management identify areas to reduce expenses and optimize the company's financial performance.

• Key Responsibilities:

- Cost Analysis: Analyze and allocate production costs, including labor, materials, overheads, and other expenses, to determine the cost of goods sold (COGS) and overall profitability.

- Cost Reporting: Prepare regular cost reports and variance analysis to highlight deviations between actual and budgeted costs, offering insights to management.

- Inventory Management: Oversee the valuation of inventory, ensuring accurate recording of raw materials, work-in-progress, and finished goods in accordance with accounting standards.

- Budgeting & Forecasting: Assist in the preparation of budgets and financial forecasts, including projecting future costs based on historical data and market trends.

- Cost Control: Identify cost reduction opportunities and propose solutions to control and reduce operational expenses without compromising product quality or efficiency.

- Standard Costing: Develop and maintain standard costing systems, ensuring that the company’s cost structure is accurate and reflective of industry benchmarks.

- Process Improvement: Suggest and implement process improvements in accounting and production procedures to enhance cost-efficiency.

- Internal Controls: Support internal controls by ensuring the accuracy of cost data, verifying compliance with financial policies, and assisting in audits.

- Collaboration: Work closely with other departments (e.g., production, procurement, and finance) to gather necessary data and ensure accurate cost calculations.

- Financial Analysis: Provide financial analysis and insights to management, assisting in strategic decision-making regarding pricing, cost management, and profitability.

• Required Skills and Qualifications:

- Proven experience as a Cost Accountant or in a similar role

- Strong knowledge of cost accounting methods and principles

- Proficiency in accounting software and ERP systems (e.g., SAP, Oracle, QuickBooks)

- Advanced Excel skills, including the use of formulas, pivot tables, and financial modeling

- Strong analytical skills and attention to detail

- Ability to interpret financial data and provide actionable insights

- Excellent organizational and time-management skills

- Good communication and interpersonal skills

• Preferred Qualifications:

- Bachelor’s degree in Accounting, Finance, or a related field

- Certified Management Accountant (CMA) or similar certification

- Experience in a manufacturing or production environment

- Familiarity with GAAP or IFRS accounting standards

• Work Environment:

- Office-based, with occasional travel required for plant or site visits

- Full-time position, typically 40 hours per week