Cost Accountant
4 weeks ago
We are seeking a detail-oriented and analytical Cost Accountant to oversee cost management, financial analysis, and budgeting processes. The ideal candidate will play a key role in cost control, inventory valuation, and financial reporting to improve business profitability and efficiency.
Key Responsibilities:
Cost Accounting & Analysis:
- Maintain and analyze cost accounting systems to determine standard costs, actual costs, and variances.
- Conduct cost analysis for products, projects, and processes to identify areas for cost savings.
- Assist in budgeting, forecasting, and financial planning related to cost structures.
- Monitor cost trends and provide recommendations for process improvements.
Inventory & Manufacturing Costing:
- Analyze and reconcile inventory valuations, including raw materials, WIP, and finished goods.
- Work closely with the operations and supply chain teams to track production costs and wastage.
- Review Bill of Materials (BOM) and ensure accuracy in standard costing.
Financial Reporting & Compliance:
- Prepare cost reports and financial statements for management review.
- Support audits by providing cost-related data and documentation.
- Ensure compliance with accounting standards, policies, and internal controls.
Process Improvement & Cost Control:
- Develop cost control measures and support cost-reduction initiatives.
- Implement process enhancements to improve financial efficiency and reporting accuracy.
- Collaborate with cross-functional teams to optimize pricing strategies and cost structures.
Requirements:
- Bachelor's degree in Accounting, Finance, or a related field.
- Professional certification (e.g., CMA, CPA, ACCA) is a plus.
- At least 3 years of experience in cost accounting, preferably in a manufacturing or service environment.
- Strong knowledge of cost analysis, budgeting, and inventory management.
- Proficiency in ERP systems and advanced Excel skills.
- Excellent analytical and problem-solving skills with high attention to detail.
- Strong communication and collaboration skills.
- Experience with cost accounting in an industrial, retail, or FMCG setting.
- Knowledge of financial modeling and variance analysis.
- Familiarity with IFRS or GAAP standards.
Forecasting
Cost Accounting
Process Improvement
Inventory
WIP
Variance Analysis
CPA
Raw Materials
Internal Controls
GAAP
Accounting
Financial Statements
Audits
Budgeting
Accounting Standards
Manufacturing
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