What are the responsibilities and job description for the Cost Accountant position at Robert Half?
Position Summary
I am currently recruiting for a highly skilled and detail-oriented Cost Accountant with expertise in inventory management and inventory forecasting. The ideal candidate will play a critical role in managing inventory costs, analyzing data related to inventory levels, and developing accurate forecasts to support operational and financial decisions. This position requires strong analytical thinking, advanced knowledge of cost accounting principles, and the ability to work collaboratively with cross-functional teams.
Key Responsibilities
- Inventory Cost Management
- Analyze and monitor the costing of inventory, including raw materials, work-in-progress, and finished goods.
- Ensure accurate recording of inventory transactions, including purchases, transfers, and adjustments in accordance with accounting principles.
- Review and validate cost allocations to ensure proper tracking and control of inventory expenses.
- Inventory Analysis and Reporting
- Generate detailed inventory reports, highlighting trends, variances, and key performance indicators (KPIs).
- Investigate and provide explanations for inventory discrepancies, cost variances, and other irregularities.
- Collaborate with operations and supply chain teams to understand changes in inventory dynamics.
- Inventory Forecasting and Planning
- Develop and refine forecasting models to predict inventory levels, taking into account market demand, lead times, and seasonal fluctuations.
- Collaborate with procurement and production teams to ensure inventory levels align with business needs and avoid overstock or stockouts.
- Monitor forecast accuracy and propose adjustments based on historical data and performance.
- Process Improvement
- Identify inefficiencies in current inventory costing and forecasting processes, and recommend improvements.
- Assist in implementing automation tools, ERP systems, or other software solutions to enhance inventory management efficiency.
- Compliance and Control
- Ensure compliance with financial regulations, company policies, and audit requirements related to inventory.
- Conduct periodic inventory reconciliations and audits, ensuring accuracy in financial and physical counts.
Qualifications
- Bachelor's degree in Accounting, Finance, or a related field.
- Experience with cost accounting, with a focus on inventory management and forecasting.
- Advanced knowledge of Excel and proficiency in accounting/ERP systems (Quickbooks and or Sage)
- Strong understanding of standard costing, variance analysis, and inventory valuation methods (FIFO, LIFO, weighted average, etc.).
- Excellent analytical skills with attention to detail and the ability to interpret complex data sets.
- Strong communication and interpersonal skills to collaborate effectively with cross-functional teams.
- Experience in industries such as manufacturing, healthcare, or retail is a plus.
Location: On site in Princeton, NJ
Please email your resume to me for immediate consideration.
Salary : $70,000 - $80,000
