We are seeking a detail-oriented and analytical Cost Accountant to join our finance team. This role plays a critical part in providing accurate and relevant cost information to support decision-making processes across the organization. The ideal candidate will be experienced in cost analysis, budgeting, product costing, and inventory management, with a strong ability to interpret financial data to drive cost efficiency and profitability.
Key Responsibilities:
1. Cost Analysis and Reporting:
- Analyze costs incurred by departments, products, or processes.
- Track and monitor expenses; identify cost trends and variances.
- Provide regular cost reports to management, highlighting cost-saving opportunities and areas of concern.
2. Cost Control and Budgeting:
- Collaborate with budgeting and forecasting teams to develop cost targets and budgets.
- Monitor actual costs against budgets; investigate deviations or overruns.
- Recommend corrective actions to improve cost control and overall profitability.
3. Inventory Management:
- Oversee inventory valuation, reconciliation, and cycle counting.
- Ensure accurate costing of inventory items and maintain documentation for inventory transactions and adjustments.
4. Standard Costing and Variance Analysis:
- Establish and update standard costs for materials, labor, and overheads.
- Conduct variance analysis to compare actual costs with standard costs.
- Identify root causes of cost variances and work with departments to implement corrective measures.
5. Product Costing:
- Calculate the cost of goods manufactured or services rendered.
- Include all cost components such as direct materials, direct labor, and manufacturing overhead.
- Provide product costing information to assist in pricing decisions, profitability analysis, and financial forecasting.
Preferred Skills & Qualifications:
- Bachelor's degree in Accounting, Finance, or a related field (CPA or CMA preferred).
- Proven experience in cost accounting, preferably in a manufacturing or production environment.
- Strong knowledge of standard costing, variance analysis, and inventory management.
- Proficiency in ERP systems and advanced Excel skills.
- Strong analytical, problem-solving, and communication skills.
- Familiarity with tools and methodologies such as Agile, JIRA, automation, backend reporting, HTTP-based data flows, and performance monitoring tools is a plus.
