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Job Description
- Analyze and monitor manufacturing costs, including raw materials, labor, and overhead, to ensure accurate product costing.
- Prepare and maintain detailed cost records for all production activities in compliance with company policies and accounting standards.
- Conduct variance analysis between actual and standard costs, investigating discrepancies and recommending corrective actions.
- Collaborate with production, procurement, and inventory teams to optimize cost control processes and improve operational efficiency.
- Assist in the preparation of monthly, quarterly, and annual cost reports for management review.
- Support budgeting and forecasting processes by providing detailed cost data and analysis.
- Participate in inventory valuation, cycle counts, and reconciliation to ensure accuracy of financial records.
- Evaluate and implement cost-saving initiatives across manufacturing operations.
- Ensure compliance with internal controls and external audit requirements related to cost accounting.
- Provide training and guidance to junior staff on cost accounting principles and best practices.
Job Requirements
- Bachelor’s degree in Accounting, Finance, or a related field.
- Minimum of 3 years and up to 6 years of experience in cost accounting, preferably within a manufacturing or industrial environment.
- Strong understanding of cost accounting principles and manufacturing processes.
- Proficiency in accounting software and Microsoft Excel.
- Excellent analytical and problem-solving skills.
- Ability to work independently and collaboratively in a fast-paced office environment.
- Strong attention to detail and organizational skills.
- Effective communication skills for cross-functional collaboration.
- Experience with ERP systems is an advantage.
- Ability to manage multiple priorities and meet deadlines.
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