- Determine fixed costs (e.g., salaries, rent, and insurance) in addition to planning and recording variable costs (e.g., purchases of raw material and operations costs).
- Review standard and actual costs for inaccuracies.
- Analyze and report profit margins.
- Assist in month-end and year-end closing.
- Identify and recommend cost-effective solutions and cost-savings
- Develop and maintain the cost accounting system, documents, and records of the organization.
- Prepare and complete internal cost audits.
- Comply with Generally Accepted Accounting Principles (GAAP) for financial statements.
- Analyze any changes in goods or services provided in order to determine what effect it has on the cost.
- Analyze manufacturing costs and prepare regular reports comparing standard costs to actual production costs.
- Make estimates of new and proposed product costs.
- Reviews daily manufacturing accounting entries.
- Reviews cost and variance trends; researches significant variations and recommends appropriate responses.
Job RequirementPrevious cost accounting experience1-3 years of working experienceAbility to effectively communicate with non-finance staff, including those in the warehouse and factoryExcellent interpersonal and communication skills, both written and verbalRelevant Accounting/Business or Finance degree