A Cost Accountant is needed for a rapidly growing manufacturing company. In this role, the Cost Accountant will be responsible for monitoring, analyzing, and reporting on cost and inventory data to ensure financial accuracy and operational efficiency. You will work closely with the finance, operations, and supply chain teams to provide insight into cost control, inventory management, and cost-saving opportunities.
Responsibilities:
- Inventory Management: Track and reconcile raw material, work-in-progress, and finished goods inventory, ensuring that inventory is properly valued and recorded in the system.
- Cost Accounting: Calculate and monitor standard costs for materials, labor, and overhead; analyze variances between actual and standard costs and provide detailed explanations for discrepancies.
- Cost Analysis: Prepare and analyze monthly cost reports, including cost of goods sold (COGS), inventory turnover, and margins to support management in decision-making.
- Month-End Close: Assist in month-end and year-end close processes, including preparing cost-related journal entries and reconciling inventory accounts.
- Inventory Reconciliation: Conduct physical inventory counts and assist in the preparation and execution of inventory audits.
- Process Improvement: Identify opportunities for improving inventory management, cost allocation methods, and overall financial reporting processes.
- Collaboration: Work cross-functionally with operations, production, and procurement teams to understand cost drivers and help optimize inventory levels and production efficiency.
- Reporting: Prepare cost-related financial reports for management and external stakeholders, ensuring all costs are accurately accounted for and reported.
- Compliance: Ensure compliance with internal policies and external regulations related to cost accounting and inventory management.
Required Qualifications:
- Bachelor's degree in Accounting, Finance, or a related field.
- 2+ years of experience in cost accounting, with a focus on inventory management.
- Proficiency in accounting software (e.g., Microsoft Dynamics, NetSuite, SAP) and Microsoft Excel.
- Excellent analytical skills and attention to detail, with the ability to interpret financial data and make recommendations.
- Ability to work collaboratively with other departments to improve cost control and inventory management.
Manufacturing
