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Job Description
- Analyze and monitor manufacturing costs, identifying variances and recommending corrective actions.
- Prepare detailed cost reports and present findings to management for strategic decision-making.
- Develop and maintain cost accounting systems, ensuring accuracy and compliance with company policies.
- Collaborate with production, procurement, and inventory teams to track material, labor, and overhead costs.
- Conduct regular audits of cost records and processes to ensure data integrity and operational efficiency.
- Assist in budgeting and forecasting activities by providing accurate cost projections and analysis.
- Support month-end and year-end closing processes by reconciling cost accounts and preparing journal entries.
- Evaluate and implement cost control initiatives to optimize resource utilization and reduce waste.
- Prepare and analyze inventory valuations, ensuring alignment with financial and operational objectives.
- Stay updated on industry best practices and regulatory changes affecting cost accounting in manufacturing.
Job Requirements
- Bachelor’s degree in Accounting, Finance, or a related field.
- 5-7 years of proven experience in cost accounting, preferably within a manufacturing environment.
- Strong understanding of cost accounting principles, practices, and procedures.
- Proficiency in accounting software and ERP systems relevant to manufacturing operations.
- Excellent analytical and problem-solving skills with keen attention to detail.
- Ability to communicate complex financial information clearly to non-financial stakeholders.
- Demonstrated ability to work independently and collaboratively in a fast-paced office environment.
- Strong organizational and time management skills to handle multiple priorities.
- Experience with budgeting, forecasting, and variance analysis.
- Solid knowledge of Microsoft Excel and other financial analysis tools.
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