Overview
The Cost Accountant is responsible for cost accounting analyses to compare estimated costs to actual costs and prepare a variety of related budget reports.
Job Responsibilities
- Gathers and compiles cost information and maintains database concerning expenses.
- Develops systems and procedures for accumulation systems and/or cost accounting functions.
- Determines fixed costs such as salaries, rent, and insurance.
- Predicts, plans, and records variable costs such as purchases of raw material, labor, and operation costs.
- Reviews and analyzes actual costs to identify inaccuracies.
- Prepares necessary departmental and company-wide budgeting reports.
- Reviews, analyzes, and reports actual profit margins.
- Performs month-end and year-end closings with assistance.
- Determines and recommends cost-effective solutions.
- Provides product sample costs for Marketing and General Accounting.
- Performs other related duties as assigned.
Job Requirements
- Bachelor's degree in Accounting or Business Administration required.
- At least two years of experience in cost accounting required.
- Excellent verbal and written communication skills.
- Proficient in Microsoft Office Suite or related software as well as accounting software.
- Thorough understanding of accounting procedures.
- Thorough understanding of Generally Accepted Accounting Principles (GAAP).
- Excellent analytical and organizational skills, with close attention to detail.
- Ability to manage confidential information.