Cost Accountant

Duties and responsibilities

• Cost Accountants collaborate with other accountants and financial staff in the company to provide financial and accounting support to executives and department heads who establish goals and budgets for the organization.

Their duties include:

• Collecting and analyzing data about a company’s operational costs
• Setting standard costs of manufactured goods
• Developing and analyzing cost standards
• Carrying out cost-volume-profit CVP analysis, including for small businesses
• Establishing costs of business processes such as administration, labor, shipping, etc.
• Performing account reconciliations
• Preparing audit reports and presenting their findings to management
• Recommending changes to the company’s processes and policies to reduce cost and maximize profit
• Advising executives and upper management on appropriate costing based on financial data
• Managing the company’s balance sheet and accounting books
• Supporting other company accountants with invoicing and capital expenditure.

Qualifications & Skills

• Working Experience: 3 to 5 years working experience
• Experience with cost accounting software .
• Strong analytical and problem-solving skills.
• Certification as a Certified Management Accountant CMA or similar credential.
• Knowledge of Generally Accepted Accounting Principles GAAP.
• Advanced Excel skills and experience with data analysis tools.
• Familiarity with cost accounting standards and practices in specific industries.
• Excellent communication and presentation skills.
• Experience working in a manufacturing or production environment.
• Bachelor's degree in Accounting, Finance, or related field.
• Proven experience as a Cost Accountant, Cost Analyst, or similar role.
• In-depth understanding of cost accounting and budgeting principles.
• Proficiency in accounting software and MS Office.
• Strong organizational and multitasking skills.
• Attention to detail and high level of accuracy.
• Ability to meet tight deadlines and manage multiple priorities.