What are the responsibilities and job description for the Cost Accountant position at Ledgent?
Job Title: Cost Accountant
Job Summary: The Cost Accountant is responsible for analyzing and tracking costs associated with production and business operations. This role involves budgeting, forecasting, cost allocation, and providing financial insights to help management make informed decisions on cost control and profitability.
Key Responsibilities:
- Prepare and maintain cost records for production processes, including raw materials, labor, and overhead costs.
- Analyze cost variances and identify reasons for discrepancies between actual and standard costs.
- Assist in developing and maintaining standard cost systems.
- Prepare cost reports for management, highlighting cost-saving opportunities and trends.
- Monitor inventory levels and work closely with the inventory team to ensure accurate costing of materials.
- Support the budgeting and forecasting process by providing accurate cost data.
- Review and ensure accuracy of cost allocations in accordance with financial policies.
- Perform cost analysis to help guide pricing decisions and profitability evaluations.
- Assist with month-end and year-end closing processes, ensuring accurate reporting of costs.
- Collaborate with other departments (such as production, finance, and purchasing) to track cost-related performance.
- Ensure compliance with accounting standards and internal control procedures.
- Participate in audits and provide necessary documentation and explanations for cost-related inquiries.
Qualifications:
- Bachelor's degree in Accounting, Finance, or related field.
- Proven experience as a Cost Accountant or in a similar financial role.
- Strong knowledge of cost accounting principles and practices.
- Proficiency in accounting software (e.g., SAP, Oracle) and Microsoft Excel.
- Strong analytical skills with the ability to analyze data and provide actionable insights.
- Excellent attention to detail and organizational skills.
- Effective communication skills to interact with both internal teams and external auditors.
Preferred Skills:
- Knowledge of manufacturing processes and how they affect cost accounting.
- CPA or CMA certification is a plus.
- Experience with ERP systems is beneficial.
All qualified applicants will receive consideration for employment without regard to race, color, national origin, age, ancestry, religion, sex, sexual orientation, gender identity, gender expression, marital status, disability, medical condition, genetic information, pregnancy, or military or veteran status. We consider all qualified applicants, including those with criminal histories, in a manner consistent with state and local laws, including the California Fair Chance Act, City of Los Angeles' Fair Chance Initiative for Hiring Ordinance, and Los Angeles County Fair Chance Ordinance. For unincorporated Los Angeles county, to the extent our customers require a background check for certain positions, the Company faces a significant risk to its business operations and business reputation unless a review of criminal history is conducted for those specific job positions.
