Job Summary:
The Cost Accountant is responsible for analyzing, monitoring, and controlling costs across the organization. This role supports management in budgeting, cost analysis, inventory valuation, and profitability assessments to ensure efficient financial performance and informed decision-making.
Key Responsibilities:
* Prepare and maintain cost accounting records, reports, and systems.
* Analyze production costs, labor costs, material costs, and overhead expenses.
* Monitor inventory transactions and ensure accurate inventory valuation.
* Conduct variance analysis between actual and standard costs and investigate discrepancies.
* Assist in the preparation of budgets, forecasts, and financial plans.
* Calculate product costs and support pricing decisions.
* Reconcile inventory and cost accounts on a regular basis.
* Prepare monthly cost reports and provide recommendations for cost reduction and process improvements.
* Support month-end and year-end closing activities related to cost accounting.
* Ensure compliance with company policies, accounting standards, and internal controls.
* Collaborate with operations, procurement, and finance teams to improve cost efficiency.
Qualifications & Requirements:
* Bachelor's degree in accounting, Finance, or a related field.
* Proven experience in cost accounting, preferably in a manufacturing environment.
* Strong knowledge of cost accounting principles and inventory management.
* Proficiency in ERP systems and Microsoft Excel.
* Excellent analytical and problem-solving skills.
* Strong attention to detail and accuracy.
* Good communication and reporting skills.
Preferred Qualifications:
* Professional certifications such as CMA, CPA, or equivalent are an advantage.
* Experience with manufacturing costing, standard costing, and inventory control systems.