Cost Accountant

Job Description

A manufacturing company is seeking talent for Cost Accountant with details:

Key Responsibilities:

1. Cost Calculation and Analysis:
   • Collect, calculate, and analyze production costs, including raw materials, labor, and overhead expenses.
   • Monitor standard costs and update cost systems to reflect accurate production expenses.
   • Perform variance analysis between standard and actual costs; investigate and explain discrepancies.
2. Inventory Management:
   • Track inventory usage, reconcile stock data, and ensure accurate cost allocation.
   • Participate in periodic physical inventory counts and verify material consumption.
   • Monitor and evaluate the costs of goods sold (COGS) and inventory valuation.
3. Reporting and Budgeting:
   • Prepare detailed cost reports and production cost summaries on a monthly, quarterly, and annual basis.
   • Assist in the preparation of budgets, forecasts, and cost estimates for production planning.
   • Provide management with insights into cost performance and recommend areas for cost optimization.
4. Cost Control and Process Improvement:
   • Identify opportunities to reduce costs without compromising quality or efficiency.
   • Collaborate with production teams to improve processes and optimize resource utilization.
   • Develop and implement cost control systems and policies.
5. Audit and Compliance:
   • Ensure adherence to accounting standards and company policies.
   • Support internal and external audits by providing cost-related data and explanations.
   • Maintain accurate and organized cost records and documentation.

Job Requirement

• Bachelor’s degree in Accounting, Finance, or a related field.
• Minimum 5-7years of experience in cost accounting, preferably in a manufacturing environment.
• Strong understanding of cost accounting principles, inventory management, and production cost allocation.
• Proficient in accounting software and ERP systems (e.g., SAP, Oracle, or similar).
• Advanced Microsoft Excel skills for cost calculations and analysis.
• Detail-oriented, with strong analytical and problem-solving abilities.
• Good communication and teamwork skills.
• Ability to work under pressure and meet deadlines.