What are the responsibilities and job description for the Cost Accountant position at Kayser-Roth Corporation?
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.