The Cost Accountant will perform advanced cost accounting analyses to compare estimated costs to actual costs and prepare a variety of related budget reports.
Essential Duties and Responsibilities
The essential functions include, but are not limited to the following:
- 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.
Minimum Qualifications (Knowledge, Skills, and Abilities)
- Bachelor’s degree in Accounting or Business Administration required.
- At least five years of progressive 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.
Physical Demands and Work Environment
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.
- Remaining in a stationary position, often standing or sitting for prolonged periods.
- Communicating with others to exchange information.
- Repeating motions that may include the wrists, hands and/or fingers.
- Assessing the accuracy, neatness and thoroughness of the work assigned.
- Low temperatures.
- High temperatures.
- Noisy environments.
- Sedentary work that primarily involves sitting/standing
- Able to lift up to 15 pounds at a time