Cost Accountant
5 days ago
Qualifications:
ICWA certification
4 to 7 years of experience in cost accounting, preferably in a manufacturing environment
Strong understanding of accounting principles and cost analysis techniques
Experience with Oracle ERP system is a plus.
Excellent analytical and problem-solving skills
Ability to work independently and as part of a team
Excellent communication and interpersonal skills
Responsibilities:
Cost Analysis: Analyze and evaluate the costs associated with production; monitor and report on variances between actual and budgeted costs; identify cost reduction opportunities and recommend strategies to optimize expenses.
Budgeting and Forecasting: Assist in the preparation of annual budgets and periodic forecasts; collaborate with cross-functional teams to gather relevant financial data for budgeting purposes; provide insights to improve accuracy in budgeting and forecasting processes.
Inventory Management: Monitor and track inventory levels, ensuring accuracy in valuation and reconciliation; perform periodic inventory audits to ensure proper accounting of raw materials and finished goods; evaluate slow-moving or obsolete inventory and propose strategies for clearance.
Cost Control and Reporting: Develop and maintain cost accounting procedures and controls; prepare detailed cost reports, including cost of goods sold (COGS) and gross margin analysis; generate cost variance analysis reports and recommend corrective actions.
Product Costing: Calculate and review the standard and actual costs of products; collaborate with engineering and production teams to ensure accurate cost allocation to products; participate in the determination of pricing strategies based on accurate cost information. Process Improvement: Collaborate with cross-functional teams to identify process inefficiencies and recommend improvements; participate in cost optimization initiatives, suggesting ways to enhance productivity and reduce waste.
Compliance and Auditing: Ensure compliance with accounting standards, regulations, and internal policies; assist in internal and external audits related to cost accounting processes.
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