Cost Accountant

● Collect cost information and maintain an expenses database.
● Construct data accumulation systems.
● Coordinate with all managers to identify allocation basis of cost elements. 
● Define cost centers and operation resources, and agree on the allocation method of the general expenses.
● 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 and discuss all reports about the slow moving and non moving items on monthly/quarterly basis.
● Prepare budgeting reports (for the company and for each department).
● Prepare (monthly, quarterly and annual) cost forecasts.
● Analyze month-end and year-end reports to identify and recommend cost-effective improvements.
● Analyze and report profit margins.
● Assist in setting the budgets and plans by cost center, cost element and product.
● Identify and recommend cost-effective solutions.
● Prepare reports to assist in controlling materials and work in progress, finished products and obsolete materials.
● Ensure that the Company’s finance resources are most effectively utilized through monitoring production costs.
● Act as central point for any revision that may become necessary to the stock- taking procedures.
● Initiate and propose amendments to existing procedures to meet the continuously changing business needs.
● Assisting in month-end and year-end closing.