Cost Accountant
Job Description
Experience
3 – 7 Years
Job Location
Education
Bachelor of Commerce(Commerce)
Nationality
Any Nationality
Gender
Any
Vacancy
1 Vacancy
Job Description
The Cost Accountant will oversee and analyze all cost expenditures related to the manufacturing processes in the facility. This position is responsible for producing detailed cost reports and analyses in support of operations and sales. The position is also the finance liaison with the Inventory Analyst in support of accurate and timely inventory general ledger transactions. In addition the position is responsible for developing and maintaining the financial cost reports necessary to fully explain standard and gross margin analyses and the variances to planned results. All manufacturing cost aspects including material, labor and overhead, price-volume-mix analyses as well as efficiency, productivity and spend variances will be monitored and explained. This information will support weekly financial flashes, monthly results, quarterly forecasts and annual budget. This position collaborates with and supports the operations, sales/marketing and finance teams with insightful analyses and suggestions for improvements. Principal Duties and Responsibilities · Lead the development of annual plan and report-out processes and formats as relates to manufacturing standard and variance cost accounting · Prepare monthly operational reports explaining material, labor and overhead efficiency and productivity costs in comparison to plan · Prepare monthly standard and gross margin analyses as well as monthly ‘cost of goods manufactured’ and ‘cost of goods sold’ statements · Acts as the finance team for annual physical inventory and monthly cycle counts; work with the operational resources responsible for these processes to assure timely and accurate financial reporting implications · Works with Pricing Manager to analyze, discuss and suggest adequate pricing based on operational costs within the facility · Lead the annual standard cost development and roll of same · Prepare and maintain standard adjusting journal entries with related support as relates to operational cost accounting and monthly inventory book to perpetual · Support external audit and tax preparation functions as relates to cost accounting · Support the CFO and Controller in responding to inquiries from management, auditors, headquarters and other authorities regarding cost accounting issues, data in reports, financial information and policies and procedures related to cost accounting as well as other compliance. · Review current and suggest additional operational reports to properly assess the financial implications of manufacturing activities · Suggest projects focused on improving operational tasks as relates to improving efficiency, productivity, spend and labor tasks · Continuously search for process improvement to increase efficiencies
Desired Candidate Profile
Education/Experience · Bachelor’s degree in accounting or finance with specialisation in Cost Accounting preferred · 3+ years progressive experience within accounting/finance with specialty in manufacturing cost accounting · Proven record in assisting operational leadership with understanding and improving processes to support bottom line results Certifications/Other Skills and Abilities · Strong skills with Microsoft Office, including Excel, Word, PowerPoint, and other software as you deem necessary. · Familiarity with leading accounting ERP packages like SAP, Oracle, Tally ERP.
