What are the responsibilities and job description for the Cost Accountant position at LHH?
Job Summary: We are seeking a detail-oriented and experienced Cost Accountant to join our finance team. The Cost Accountant will be responsible for analyzing and managing the costs associated with our company's products and services. This role involves working closely with various departments to ensure accurate cost allocation, budgeting, and financial reporting.
Key Responsibilities:
- Cost Analysis: Conduct detailed cost analysis to determine the cost of production, including materials, labor, and overhead.
- Budgeting: Assist in the preparation of budgets and forecasts, ensuring alignment with company financial goals.
- Variance Analysis: Analyze variances between actual costs and budgeted costs, identifying reasons for discrepancies and recommending corrective actions.
- Inventory Management: Monitor and manage inventory levels, ensuring accurate valuation and reporting.
- Financial Reporting: Prepare and present cost reports, financial statements, and other relevant documentation to management.
- Process Improvement: Identify opportunities for cost reduction and process improvements, implementing best practices to enhance efficiency.
- Compliance: Ensure compliance with accounting standards, company policies, and regulatory requirements.
- Collaboration: Work closely with the production, procurement, and finance teams to gather necessary data and provide financial insights.
Qualifications:
- Bachelor's degree in Accounting, Finance, or a related field.
- Certified Public Accountant (CPA) or Certified Management Accountant (CMA) designation preferred.
- Minimum of 3-5 years of experience in cost accounting or a similar role.
- Strong analytical and problem-solving skills.
- Proficiency in accounting software and Microsoft Excel.
- Excellent communication and interpersonal skills.
- Attention to detail and ability to work independently.
