AGM - Cost Accounting

Role & responsibilities

• Develop and implement cost standards for materials and labor.
• Design and implement cost control procedures.
• Prepare budget and cost estimates for business lines.
• Coordinate physical inventory counts and cycle counts.
• Analyze production costs and recommend changes.
• Update standard costs in the bill of materials.
• Review actual costs for inaccuracies.
• Validate the cost of goods sold as part of the month-end close.
• Work with the finance team to complete monthly closings.

Key Responsibilities

• Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory, and labor.
• Analyzing data collected and recording results
• Analyzing changes in product type, raw materials, manufacturing methods, or services provided, to determine effects on cost
• Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs
• Recording cost information for use in controlling expenditures
• Analyzing audits of costs and preparing reports
• Making estimates of new and proposed product costs
• Providing management with reports specifying and comparing factors affecting prices and profitability of products or services.
• Maintaining Cost Accounting System
• Assisting in Month end close of the General Ledger
• Conducts physical inventories and monitors cycle count program
  • Reconciles finished goods inventories.

Preferred candidate profile

• Proven work experience as a Cost Controller, Cost Accountant, or a related role.
• Excellent understanding of cost accounting principles.
• Hands-on experience with accounting softwares
• Strong analytical skills with attention to detail.
• Excellent time management skills with a proven ability to meet deadlines.
• Strong skills in mathematics and data analysis.
• Proficiency in Microsoft Office, particularly with Excel.