Job Description

Job Title: Cost Accountant Job Summary: We are seeking a highly organized and detail-oriented Cost Accountant to join our finance team. The Cost Accountant will be responsible for analyzing and managing cost-related financial activities, including cost allocation, budgeting, forecasting, and preparing cost reports. This role will support decision-making by providing accurate and timely cost data to ensure profitability and financial efficiency. Key Responsibilities: Cost Analysis: Analyze and allocate direct and indirect costs, identify cost trends, and ensure accurate reporting of manufacturing costs. Cost Reporting: Prepare cost reports and financial statements to evaluate and track production costs, including cost of goods sold (COGS). Budgeting & Forecasting: Assist in the preparation of annual budgets and forecasts, providing analysis of cost projections and variance analysis. Inventory Management: Monitor inventory levels, including raw materials, work in progress, and finished goods, to ensure accurate costing and valuation. Standard Costing: Implement and maintain standard costing systems, conduct regular cost audits, and investigate discrepancies in cost allocations. Financial Analysis: Provide financial analysis on cost-saving opportunities, potential inefficiencies, and product pricing strategies. Internal Controls: Ensure compliance with internal accounting policies, procedures, and industry regulations. Collaboration: Work closely with other departments, such as production, procurement, and sales, to understand cost drivers and provide financial insights for business decisions. Cost Optimization: Identify opportunities for cost reduction, process improvement, and operational efficiencies. Month-End Close: Assist with month-end closing procedures and reconciliations related to cost of goods sold, inventory, and other cost accounts. Requirements: Bachelors degree in Accounting, Finance, or related field. 3 -5 years of experience in cost accounting or a related financial role. Strong knowledge of cost accounting principles, cost structures, and inventory management. Proficiency in accounting software ( SAP, Oracle, QuickBooks) and Microsoft Excel. Excellent analytical and problem-solving skills. Strong attention to detail and accuracy in financial reporting. Ability to work independently and as part of a team. Effective communication skills for presenting financial information to management. Preferred Qualifications: Certified Management Accountant (CMA) or equivalent professional certification. Experience with manufacturing cost accounting. Knowledge of ERP systems and advanced financial reporting tools.