Cost Accounting Specialist
3 days ago
About the Role:
We are seeking a highly skilled Cost Accountant to join our manufacturing company. The ideal candidate will be responsible for analyzing, recording, and controlling costs associated with production processes.
Key Responsibilities:
- Maintain and analyze cost accounting records and prepare reports on cost variations.
- Monitor product costing, inventory valuation, and variance analysis.
- Analyze material, labor, and overhead costs to ensure accurate financial reporting.
- Identify cost reduction opportunities and suggest process improvements.
Inventory & Manufacturing Cost Control:
- Conduct monthly and quarterly inventory reconciliations and audits.
- Ensure proper valuation of raw materials, work-in-progress (WIP), and finished goods.
- Monitor waste, scrap, and by-product costs and recommend cost control measures.
Budgeting & Forecasting:
- Assist in annual budgeting and periodic forecasting for manufacturing operations.
- Analyze standard costs vs. actual costs and report variances.
- Support pricing strategies by providing accurate cost data and profitability analysis.
Compliance & Reporting:
- Ensure compliance with accounting standards (GAAP, IFRS) and cost accounting principles.
- Prepare cost reports for management, auditors, and regulatory authorities.
- Support the finance team in internal and external audits related to cost accounting.
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