Cost Accountant

RESPONSIBILITIES:

The Cost Accountant is responsible for preparing and reviewing financial information and organizing it in a way that provides a clear picture of the company’s fiscal health using the most accurate information to meet financial regulations.  Other responsibilities include:

• Collecting and analyzing data about the company’s operational costs
• Setting standard costs of manufactured goods
• Developing and analyzing cost standards
• Carrying out cost-volume-profit (CVP) analysis, including small businesses
• Establishing costs of business processes such as administration, labor, shipping, etc.
• Performing account reconciliations
• Preparing audit reports and presenting their findings to management
• Recommending changes to the company’s processes and policies to reduce cost and maximize profit
• Advising executives and upper management on appropriate costing based on financial data
• Managing the company’s balance sheets and accounting books
• Supporting other company accountants with invoicing and capital expenditures
• Reviewing financial statements for accuracy and legal compliance
• Entering accounting related information into business logs
• Inspecting account books for efficiency and accuracy
• Organizing and updating financial records
• Recommending ways to reduce costs and enhance revenue
• Performing monthly bank settlements
• Preparing documentation for external auditors

EDUCATION REQUIREMENT(S):

• Bachelor’s degree in accounting, finance, business administration or another related field

EXPERIENCE REQUIREMENT(S):

• 3-5 Years experience
• Excellent understanding of the internal accounting department and procedures