Responsibilities:

• Cost Analysis and Reporting: Conduct in-depth analysis of product costs, manufacturing expenses, and overhead allocations to identify cost-saving opportunities, cost trends, and variances. Prepare detailed cost reports, financial statements, and management presentations to communicate findings to senior management.
• Inventory Management: Manage inventory valuation processes, including standard costing, actual costing, and inventory reserves. Ensure accurate inventory records and perform regular inventory reconciliations to minimize carrying costs and obsolescence risks.
• Product Costing: Calculate and analyze the full cost of products or services, considering materials, labor, overhead, and other relevant costs. Collaborate with product development teams to establish accurate cost standards and support pricing decisions.
• Budgeting and Forecasting: Assist in the development of annual budgets, forecasts, and long-term financial plans by providing cost-related insights and projections. Monitor actual performance against budgeted costs and identify areas for improvement.
• Variance Analysis: Conduct variance analysis to compare actual costs to budgeted or standard costs, investigating and explaining variances to management. Implement corrective actions and cost control measures as needed to achieve financial targets.
• Process Improvement: Identify opportunities for process improvements and automation within the cost accounting function. Streamline processes, develop tools, and implement best practices to enhance efficiency, accuracy, and data integrity.
• Cross-Functional Collaboration: Collaborate with various departments such as manufacturing, procurement, and supply chain to gather cost-related data, align on cost reduction initiatives, and support decision-making processes.
• Compliance and Audit Support: Ensure compliance with accounting standards, regulatory requirements, and internal controls related to cost accounting. Assist in internal and external audits by providing documentation, explanations, and support as needed.
• Ad-hoc Analysis and Projects: Lead or participate in special projects, ad-hoc analysis, or system implementations related to cost accounting, inventory management, or process optimization. Provide financial insights and recommendations to support business initiatives.
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