Cost Accountant
Our client is seeking a detail-oriented and analytical Cost Accountant to join their finance team. In this role, you will be responsible for tracking and analyzing the cost of production, evaluating manufacturing processes, and providing financial insights to ensure optimal cost control and efficiency across the organization. You will collaborate closely with other departments, such as production, operations, and supply chain, to help make informed business decisions and improve profitability.
Monthly Close Activities and Essential Functions :
- Establish and set standard costs for new products
- Responsible for year-end cost roll process (calculate revaluation impact, roll standard costs)
- Ensure inventory is accurately valued
- Track inventory levels, ensuring proper costing methods are applied to raw materials, work-in-progress, and finished goods
- Review purchase price variance on raw materials (PPV)
- Review production order variances (POV)
- Provide accurate and timely reporting of variances between actual and budgeted costs with explanations
- Prepare capitalization of manufacturing variances and freight by plants analysis
- Prepare consolidated inventory reporting
- Reconcile inventory records and assist with periodic physical inventory counts
- Ensure accurate and consistent application of cost accounting methods
- Track, monitor and analyze cost of goods sold (COGS), including raw materials, labor, and overhead costs
- Prepare detailed cost reports to support management in making strategic decisions
Budgeting & Forecasting :
Assist in preparing annual budgets and forecasts by providing cost estimates and projectionsPerform regular reviews of actual costs versus budgeted costs and recommend corrective actions as neededProcess Improvement & Efficiency :
Collaborate with production and operations teams to identify opportunities for cost reduction and process improvementsRecommend changes to improve cost efficiency, productivity, and profitabilityInternal Controls & Compliance :
Ensure cost accounting practices comply with company policies, industry standards, and financial regulationsSupport internal and external audits by providing required cost-related data and documentationCross-Functional Collaboration :
Work closely with the sales, purchasing, and production departments to ensure accurate costing and reportingProvide support in pricing decisions, product profitability analysis, and inventory managementRequirements :
Education & Experience :Bachelor's degree in Accounting or Finance5-7 years of experience in cost accounting or a similar role (preferably in a manufacturing or production environment)CPA or CMA designation preferredSkills & Competencies :Strong understanding of cost accounting principles and methodologiesProficiency in accounting software (e.g., SAP, Infor Syteline)Intermediate to advanced Microsoft ExcelAnalytical mindset with strong attention to detail and accuracyExcellent communication skills to present cost information to both financial and non-financial stakeholdersAbility to work independently and as part of a team in a fast-paced environmentBenefits :
Competitive salary and benefits packageHealth, dental, and vision insuranceRetirement savings planPaid time off and holidays