Job Summary
Cost accountant helps to plan, budget and monitor performance, set standard unit costs and recommend appropriate cost-saving opportunities. The role is important in understanding where a company is spending money as well as which products, departments or services are most profitable.
Minimum Qualification:
Degree
Experience Level:
Mid level
Experience Length:
2 years
Job Description/Requirements
We are looking to hire an experienced Cost Accountant with excellent
organizational and analytical skills.
Key Responsibilities
· Develop and maintain the cost accounting system, documents and records of the
organization
· 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
Cost Accountant’s Requirements
· Bachelor’s degree in Accounting, Finance, Business with an
emphasis in Accounting, or a related field preferred
· 2-3 Years Proven work experience as a Cost Accountant, Cost Analyst, Accountant or
similar role
· Sound understanding of Account principles.
· Experience with accounting software, like SAP
· Computer literacy, Microsoft Office Suite, MS Excel in particular (familiarity with VLOOKUPs and pivot tables)
· Computer literacy, MS Excel in particular (familiarity with VLOOKUPs and pivot tables)
· Knowledge of bookkeeping and accounting best practices, laws,
standards, and state/national regulations and International Financial Reporting
Standards (IFRS)
· Excellent report-writing, verbal communication and IT skills
· Analytical thinker with strong conceptual and problem-solving skills
· Meticulous attention to detail with superb organizational skills
· Ability to work under pressure and meet tight deadlines
· Ability to work independently and as part of a team.
· Integrity, with an ability to handle confidential information
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