Cost Accountant

Job Description

JOB SUMMARY : Â

The Cost Accountant will be responsible for analyzing production and operational costs, inventory valuation, and cost variance reporting to support strategic decision-making and improve profitability. This role requires strong analytical skills and cross-functional collaboration with departments such as operations, finance, supply chain, and engineering to identify cost-saving opportunities and enhance overall efficiency.Â

JOB FUNCTIONS AND RESONSIBILITIES : Â

Develop and maintain the standard cost system for materials, labor, and overhead; support forecasting and annual budgeting processes.Â

Collaborate with engineering to cost new products and ensure the accuracy of Bills of Materials (BOMs).Perform month-end closing activities and prepare detailed variance reports, explaining differences between actual and standard costs for materials, labor, and overhead.Â

Coordinate and conduct physical and cycle counts of raw materials, work-in-progress (WIP), and finished goods inventory.Â

Generate and communicate daily production, cost, and variance reports to management. Provide profitability analysis, identify cost drivers, and recommend cost-saving measures.Â

Partner with manufacturing, engineering, supply chain, and finance teams to resolve cost issues and drive operational efficiencies.Â

Analyze production methods and changes in raw materials to determine their impact on costs and identify opportunities for improvement.Â

Ensure accounting practices comply with Generally Accepted Accounting Principles (GAAP), particularly in relation to financial statements and inventory valuationÂ

Be Limitless, Be Resilient, Be People Centered, Be a Team, and Be TrustworthyÂ