Cost Accountant

1.

Cost Analysis and Recording

• Record and analyze direct material, direct labor, and manufacturing overhead costs.
• Ensure accurate and compliant cost entries in the accounting system according to company policy.

2.

Cost Reporting

• Prepare periodic cost reports related to production and operating activities.
• Generate cost sheets for units, projects, and operations for internal management review.

3.

Variance Monitoring and Control

• Compare actual costs with standard or budgeted costs.
• Analyze cost variances to identify root causes and recommend corrective actions.

4.

Coordination with Operational Departments

• Collaborate with production, procurement, and inventory teams to collect necessary cost data.
• Provide financial guidance to departments regarding cost management and performance.

5.

Reconciliations and Audit Support

• Reconcile cost accounts to ensure consistency and accuracy.
• Support internal and external audits by providing cost records and explanations as needed.

6.

Inventory Costing

• Calculate inventory costs based on approved costing methods (e.g., FIFO, LIFO, weighted average).
• Prepare and update cost of goods sold (COGS) and inventory valuation for financial reporting.
• Education: Bachelor’s degree in accounting, Finance, or a related field.
• Experience: Previous experience in cost accounting, financial accounting, or cost analysis preferred