Cost Accountant

Job Brief

A cost accountant is a professional responsible for making sure that the money they spend is wisely planned and well-resourced. They review expense reports and analyze data to determine what was purchased and the incurred costs for goods and services from vendors.

Job Description

• ● Collect cost information and maintain an expenses database
• ● Construct data accumulation systems
• ● 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

Job Requirements

• ● Proven work experience as a Cost Accountant, Cost Analyst, Accountant or similar role
• ● Thorough knowledge of accounting procedures
• ● In-depth understanding of Generally Accepted Accounting Principles (GAAP)
• ● Experience with accounting software, like FreshBooks and Zoho
• ● Computer literacy, MS Excel in particular (familiarity with VLOOKUPs and pivot tables)
• ● Excellent analytical skills with an attention to detail
• ● Strong time management skills
• ● Integrity, with an ability to handle confidential information
• ● BSc degree in Accounting, Finance or relevant study