Cost Accounting Analyst

Job Description

Job Description

The Cost Accounting Analyst is responsible for performing professional cost accounting functions, applying well-established cost accounting principles, standards, and practices. This role involves determining product costs, projecting costs for new processes or construction, and comparing actual costs to budgeted figures. The position requires a thorough understanding of cost accounting methods and the ability to adapt and apply these methods creatively when procedures are not strictly defined. A strong understanding of overall company operations is necessary for the successful execution of responsibilities.

Key duties may include :

• Cost Analysis & Reporting : Determining and analyzing product costs, research and development costs, and cost projections for new processes, tooling, and construction.
• Financial Reporting & Analysis : Prepare, analyze, and report on financial performance, including cost trends & variances, to support strategic decision-making, cost optimization, and compliance with GAAP and company policies.
• Management Reporting : Preparing reports for management that are critical for pricing decisions, cost-saving initiatives, and other financial analysis.
• System Optimization : Analyzing and improving cost reporting systems, maintaining cost data records, and ensuring the accuracy of accounting records for cost reporting.
• Process Improvement : Evaluating cost savings from design changes, raw material adjustments, or changes in manufacturing methods, and documenting those savings.
• Leadership : Opportunities to lead cross-functional project teams and collaborate with shop floor personnel to drive process improvements, cost-saving initiatives, and operational efficiency, fostering alignment across departments.

Perform other duties as required.

PREFERRED EDUCATION : Four (4) year college degree with a major in Accounting, Finance, or a related field.

PREFERRED EXPERIENCE :