Job Details
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Job Description
Cost Analysis and Reporting:
- Analyze and report on the company's cost of production, including direct and indirect costs.
- Prepare regular cost reports and variance analysis to identify discrepancies and areas for improvement.
- Monitor and evaluate cost trends, highlighting potential cost-saving opportunities or risks.
Cost Allocation and Budgeting:
- Allocate costs to appropriate cost centers or products to ensure accurate cost accounting.
- Assist in the development of annual budgets and forecasts by providing cost-related inputs and insights.
- Track actual costs against budgeted amounts and provide explanations for variances.
Inventory Management:
- Collaborate with the inventory management team to maintain accurate inventory records and valuation.
- Conduct periodic inventory reconciliations and ensure proper accounting treatment for inventory-related costs.
Process Improvement:
- Identify inefficiencies in existing processes and systems related to cost accounting and recommend improvements.
- Implement cost control measures and best practices to optimize operational expenses without compromising quality.
Cross-functional Collaboration:
- Work closely with various departments such as production, procurement, and finance to gather relevant data and insights.
- Collaborate with management to implement cost-saving initiatives and strategic decisions.
Job Requirements
- Bachelor's degree in Accounting, Finance, or related field. A professional certification such as CPA or CMA is a plus.
- Proven experience as a Cost Accountant or in a similar role, preferably in a manufacturing or production environment.
- Strong analytical skills with the ability to interpret complex financial data and perform cost analysis.
- Proficiency in accounting software and Microsoft Excel. Experience with ERP systems is desirable.
- Excellent communication and interpersonal skills to collaborate effectively with cross-functional teams.
- Attention to detail and ability to work under pressure to meet deadlines.