Cost accountant  

The cost accountant position is accountable for the ongoing analysis of process constraints, target costingprojects, margin analysis, and tracing costs back to underlying activities. The cost accountant must also construct and monitor those cost-effective data accumulation systems needed to provide an appropriate level of costing information to management.

Principal Accountabilities:

Data Collection

• Construct data accumulation systems for a cost accounting system
• Create and review the controls needed for data accumulation and reporting systems

Inventory

• Coordinate physical inventory counts and cycle counts
• Investigate cycle counting variances and resolve issues
• Update standard costs in the bill of materials
• Review standard and actual costs for inaccuracies
• Validate the cost of goods sold as part of the month-end close
• Accumulate and apply overhead costs as required by generally accepted accounting principles
• Work with the materials review board to locate and dispose of obsolete inventory

Analysis

• Conduct ongoing process constraint analyses
• Report on breakeven points by products, work centers, and factories
• Report on margins by product and division
• Report on periodic variances and their causes, focusing in particular on spending variances
• Analyze capital budgeting requests
• Perform cost accumulation tasks as a member of the target costing group

• Bachelor of Science in Accountancy or Financial Management;
• At least 1 to 2 years experience in Cost Accounting;
• Strong analytical and planning skills;
• Good communication and presentation skills;
• Excellent problem-solving skills;
• Knowledge in:
  • Calculating Raw Materials
  • Validating and Subtracting PO
  • Inventory adjustment
  • Monitoring Scrup & Spoilage
  • Support Month-end close activities