.The Cost & Inventory Accountant will be responsible for analyzing cost expenditures and purchases within the organization. The Cost & Inventory Accountant will review existing purchases, record data, recommend new cost-efficient and financially feasible cost options.General Responsibilities- Develop and maintain cost accounting system, documentation, and records- Analyzes changes in product design, raw materials, manufacturing methods, or services- provided, to determine effects on costs.- Review costs for all external inventory, labor, and material purchases- Performs month end close activities related to Cost Accounting- Analyze and recommend costs and cost savings- Collect and compile purchasing data for analysis- Prepare and complete internal cost audits- Review and document inventory and material purchases- Present cost estimates and budgets for new purchases- Accurate record and update existing and new purchased materials and goods- Compile documentation on standard costs and company production costs- Forecasts and plans future purchasing costs according to fiscal needs- Identify and recommend cost-effective solutionsExperience / Qualifications- A university degree and 4-6 years of experience (i.E. Bachelors degree) or a graduate degree and 2-4 years of experience (i.E. Masters degree) or a higher level degree and 0-2 years of experience (i.E. Doctorate degree)- Must be a team player able to work in a fast-paced environment with demonstrated ability to handle multiple competing tasks and demands- Strong communication skills; oral, written and presentation- Strong organization, planning and time management skills to achieve results- Strong personal and professional ethical values and integrity- Holds self-accountable to achieving goals and standards- Proficient in Microsoft Office programs (Outlook, Word, PowerPoint, and Excel)- Strong interpersonal & collaboration skills to work effectively with all levels of the organization including suppliers and/or external customers- Reviews standard and actual costs for inaccuracies.- Records cost information for use in controlling expenditures.- Organizes the preparation and analysis of costs, compiles data, prepares and emits statistical reports for the comparison of costs and determination of profitability by product and client.- Prepares journal entries; maintains and reconciles ledger accounts.- Helps prepare financial statements and variance reports as requested. May do analysis and prepare other special reports