SUMMARY/OBJECTIVE

The Cost Accountant is responsible for collecting, analyzing, and reporting financial data related to production costs, inventory, and profitability. This role ensures accuracy in cost allocation, supports budgeting and forecasting, and provides management with insights to optimize operational efficiency and profitability.

REQUIRED EDUCATION AND EXPERIENCE

• Bachelor’s in Business, Accounting or Finance or significant relevant work experience.
• Strong knowledge of computer programs; Microsoft Excel, QuickBooks, AS/400, MAPICS, or other financial type software
• Strong knowledge of GAAP and costing principles

PREFERRED EDUCATION AND EXPERIENCE

• 3+ years’ experience in Accounting, manufacturing experience
  It is impossible to list every requirement for, or responsibility of, any position. Similarly, we cannot identify all the skills a position may require since job responsibilities and the Company’s needs may change over time. Therefore, the above job description is not comprehensive or exhaustive. The Company reserves the right to adjust, add to or eliminate any aspect of the above description. The Company also retains the right to require all employees to undertake additional or different job responsibilities when necessary to meet business needs

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Develop, maintain, and analyze product cost standards for materials, labor, and overhead.
• Prepare and analyze cost variance reports, identifying root causes and recommending corrective actions.
• Monitor and reconcile cost of goods sold (COGS) accounts.
• Track, analyze, and report on manufacturing costs and production efficiencies.
• Monitor and ensure accuracy in inventory valuation and costing methods.
• Provide cost data and analysis to support strategic decision-making.
• Prepare and maintain financial statements, reports, and records in accordance with applicable regulations.
• Conduct monthly, quarterly, and annual closing processes, including reconciliations.
• Generate PPV reports and analyze findings.
• Analyze cost of raw materials and other supplies and create cost-benefit analyses for changing vendors.
• Establish standard costs and update them as appropriate.
• Any/all other duties as assigned.

Supervision: None