Cost Accountant

Role & responsibilities

• Cost Analysis & Control: Analyze cost structures, monitor cost trends, and develop strategies to control expenses and maximize profitability.
• Budgeting & Forecasting: Assist in the preparation of annual budgets and periodic forecasts, providing cost-related insights and recommendations.
• Variance Analysis: Perform variance analysis to identify discrepancies between budgeted and actual costs, offering corrective actions where necessary.
• Inventory Management: Oversee inventory valuation and ensure accurate cost allocation for raw materials, work-in-progress, and finished goods.
• Cost Allocation: Allocate direct and indirect costs to appropriate departments and projects based on cost drivers.
• Reporting: Prepare regular reports on cost performance, including cost of goods sold (COGS), gross margin analysis, and overall financial performance.
• Financial Compliance: Ensure adherence to financial regulations, internal controls, and company policies in cost accounting practices.
• ERP Systems Management: Utilize and maintain the companys ERP system to track and record all cost-related transactions and data.
• Collaboration: Work closely with other departments (e.g., operations, procurement, and sales) to gather data and provide cost-related insights that support decision-making.