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Job Description
- Determine fixed costs (e.g., salaries, rent, and insurance) in addition to planning and recording variable costs (e.g., purchases of raw material and operations costs).
- Review standard and actual costs for inaccuracies.
- Analyze and report profit margins.
- Assist in month-end and year-end closing.
- Identify and recommend cost-effective solutions and cost-savings
- Develop and maintain the cost accounting system, documents, and records of the organization.
- Prepare and complete internal cost audits.
- Comply with Generally Accepted Accounting Principles (GAAP) for financial statements.
- Analyze any changes in goods or services provided in order to determine what effect it has on the cost.
- Analyze manufacturing costs and prepare regular reports comparing standard costs to actual production costs.
- Make estimates of new and proposed product costs.
- Reviews daily manufacturing accounting entries.
- Reviews cost and variance trends; researches significant variations and recommends appropriate responses.
Job Requirements
You should possess excellent analytical skills along with the ability to combine different data and calculate profit margins. Our ideal candidate should also be able to create detailed reports that present cost-effective solutions for our company. Ultimately, you should build updated databases and manage cost information to maximize profitability for our company.
- Previous cost accounting experience
- 1-3 years of working experience
- Ability to effectively communicate with non-finance staff, including those in the warehouse and factory
- Excellent interpersonal and communication skills, both written and verbal
- Strong attention to detail
- Self-motivated and forward-thinking
- Ability to work in a fast-paced environment with multiple stakeholders
- Excellent working knowledge of computer software including Excel and other production/costing software and ERP systems
- Relevant Accounting/Business or Finance degree
