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Job Description
- Collect cost information and maintain an expenses database
- Determine fixed costs (e.g. salaries, rent and insurance)
- Plan and record variable costs (e.g. purchases of raw material and operations costs)
- Review standard and actual costs for inaccuracies
- Prepare budgeting reports (for the company and for each department)
- Analyze and report profit margins
- Prepare (monthly, quarterly and annual) cost forecasts
- Assisting in month-end and year-end closing
- Identify and recommend cost-effective solutions
- Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory and labor.
- Analyzing data collected and recording results
- Analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost
- Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs
- Recording cost information for use in controlling expenditures
- Analyzing audits of costs and preparing reports
- Making estimates of new and proposed product costs
- Providing management with reports specifying and comparing factors affecting prices and profitability of products or services.
- Maintaining Cost Accounting System
- Conducts physical inventories and monitors cycle count program Reconciles finished goods inventories
- Develop strategies to reduce costs and study product pricing to ensure the best possible return on investment for the company.
- Prepare budgeting reports by collecting information and data points from various departments within the organization.
- Investigate discrepancies in financial records and perform month-end close activities, including journal entries and reconciliations.
- Conduct regular audits, interpret rules related to accounting
Job Requirements
- BSc degree in Accounting, Finance or relevant study
- Proven work experience as a Cost Accountant, Cost Analyst, Accountant or similar role
- Experience in the food, beverage and restaurant industry is a must
- Thorough knowledge of accounting procedures
- Computer literacy, MS Excel in particular (familiarity with VLOOKUPs & pivot tables and ERP System)
- Excellent analytical skills with an attention to detail
- Strong time management skills
- Integrity, with an ability to handle confidential information
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