Cost Accountant Job Description

Cost Accountant Job Description (JD)

  • Collect cost information and maintain an expenses database
  • Construct data accumulation systems
  • Determine fixed costs (e.g. salaries, rent and insurance)
  • Plan and record variable costs (e.g. purchases of raw material and operations costs)
  • Review standard and actual costs for inaccuracies
  • Prepare budgeting reports (for the company and for each department)
  • Analyze and report profit margins
  • Prepare (monthly, quarterly and annual) cost forecasts
  • Assisting in month-end and year-end closing
  • Identify and recommend cost-effective solutions

Requirements

  • Proven work experience as a Cost Accountant, Cost Analyst, Accountant or similar role
  • Thorough knowledge of accounting procedures
  • In-depth understanding of Generally Accepted Accounting Principles (GAAP)
  • Experience with accounting software, like FreshBooks and Zoho
  • Computer literacy, MS Excel in particular (familiarity with VLOOKUPs and pivot tables)
  • Excellent analytical skills with an attention to detail
  • Strong time management skills
  • Integrity, with an ability to handle confidential information
  • BSc degree in Accounting, Finance or relevant study