Cost Accountant

We are looking for a detail-oriented and analytical Cost Accountant to join our finance team. The ideal candidate will be responsible for collecting and analyzing cost data, ensuring accurate cost allocation, managing inventory valuation, and supporting business decisions through detailed financial reporting and insights.

Key Responsibilities:

 Cost Analysis & Management

Collect, analyze, and maintain accurate cost information, including fixed and variable costs (e.g. salaries, rent, raw materials, utilities).

Review and update cost sheets regularly, identifying inaccuracies or variances.

Analyze direct materials, direct labor, and manufacturing overhead (DM, DL, MOH) to ensure proper allocation and cost flow.

Examine operational expenses to identify inefficiencies and recommend cost-effective solutions.

 Inventory & ERP Management

Oversee inventory valuation and costing, ensuring accurate tracking in the ERP system.

Ensure proper cost flow assumptions (FIFO/LIFO/Weighted Average) are reflected in the ERP.

Create and manage item codes and warehouse setups in the ERP system.

Validate that production costs are accurately recorded in cost of sales and inventory.

Budgeting, Forecasting & Reporting

Prepare monthly, quarterly, and annual cost forecasts and compare them against actual performance.

Analyze and report key metrics including profit margins, contribution margins, and COGS.

Assist in the preparation of budget reports by department and company-wide.

Investigate variances and highlight key cost trends and performance indicators.

 Period-End Closing & Business Support

Assist in month-end and year-end closings related to cost accounting.

Provide insights and financial analysis to support decision-making and assess profitability of business opportunities.

Collaborate with production, purchasing, and sales teams to gather data, analyze costs, and implement savings initiatives.

 Process Improvement

Continuously identify and recommend improvements in costing processes and systems to enhance efficiency and profitability.