Cost Accountant

1. Cost Analysis and Recording • Record and analyze direct material, direct labor, and manufacturing overhead costs. • Ensure accurate and compliant cost entries in the accounting system according to company policy. 2. Cost Reporting • Prepare periodic cost reports related to production and operating activities. • Generate cost sheets for units, projects, and operations for internal management review. 3. Variance Monitoring and Control • Compare actual costs with standard or budgeted costs. • Analyze cost variances to identify root causes and recommend corrective actions. 4. Coordination with Operational Departments • Collaborate with production, procurement, and inventory teams to collect necessary cost data. • Provide financial guidance to departments regarding cost management and performance. 5. Reconciliations and Audit Support • Reconcile cost accounts to ensure consistency and accuracy. • Support internal and external audits by providing cost records and explanations as needed. 6. Inventory Costing • Calculate inventory costs based on approved costing methods (e.g., FIFO, LIFO, weighted average). • Prepare and update cost of goods sold (COGS) and inventory valuation for financial reporting.