Overview

 The Cost Accountant is responsible for cost accounting analyses comparing estimated costs to actual costs and prepares a variety of related budget reports.

 Job Responsibilities

• Updates inventory balance report, inventory valuation & rate (FIFO); daily, weekly, monthly.
• Data analysis of discrepancies and variances to determine root causes, identifying risks and outcomes.
• Review and analyze variances between perpetual and book to determine root causes.
• Determines fixed costs such as salaries, rent, and insurance.
• Forecasts, plans, and records variable costs (purchases of raw material, labor, and operation costs).
• Manages regular cycle counts, conducting field audits.
• Performs inventory month-end and year-end closings with assistance.
• Review and update current inventory and the costing systems, making recommendations for improvements.
• Performs other related duties as assigned. 

 Job Requirements 

• Bachelor’s degree in accounting or business administration required.
• At least two years of experience in cost accounting are required.
• Excellent verbal and written communication skills.
• Proficient in Microsoft Office Suite, as well as various accounting software.
• Thorough understanding of Generally Accepted Accounting Principles (GAAP).
• Excellent analytical and organizational skills.
• Must possess a high level of attention to detail and accuracy.
• Ability to manage confidential information.
• Position is on site only, not eligible for remote or hybrid work status.