Cost Accountant

Full job description

Cost Accountant

Responsibilities:

• Cost Accounting Oversight: Lead the cost accounting function, ensuring accurate calculation and allocation of product costs, including direct materials, labor, overhead, and inventory management.
• Cost Analysis & Reporting: Prepare and analyze monthly cost reports, including variances against budget and prior periods, providing detailed insights and actionable recommendations to management.
• Inventory Valuation: Oversee inventory accounting, ensuring accurate valuation and reconciliation of raw materials, work-in-progress (WIP), and finished goods.
• Standard Costing: Manage the development, maintenance, and periodic updates of standard costs. Ensure that variances between standard and actual costs are properly analyzed, explained, and understood by all.
• Process Improvement: Identify opportunities to streamline cost accounting processes and improve the efficiency, accuracy, and timeliness of financial reporting.
• Budgeting & Forecasting: Support annual budgeting and forecasting processes by providing accurate cost data and assisting in setting production cost targets.
• Internal Controls & Compliance: Maintain strong internal controls around cost accounting practices and ensure compliance with accounting standards (GAAP) and company policies.
• Collaboration: Work cross-functionally with operations, production, procurement, and other departments to analyze costs, drive process improvements, and support decision-making.

Required Experience

• Education: Bachelor’s degree in accounting, Finance, or related field (CPA or CMA preferred).
• Technical Skills: Proficiency in SAP is required. Familiarity with costing methods, including standard costing, job order costing, and process costing.
• Industry Knowledge: In-depth understanding of manufacturing processes, inventory control, and cost structures.
• Analytical Skills: Strong ability to analyze and interpret complex financial data, and provide clear, actionable insights.
• Leadership: Proven experience in managing within a collaborative environment, with strong communication and interpersonal skills.
• Attention to Detail: Exceptional attention to detail and the ability to ensure accuracy in financial reporting and analysis.
• Problem-Solving: Strong critical thinking and problem-solving skills to drive improvements in cost control and profitability.

Job Type: Full-time

Pay: $60,000.00 - $70,000.00 per year

Schedule:

• 8 hour shift
• Monday to Friday

Work Location: In person

Salary : $60,000 - $70,000