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 solutions
Experience / 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.
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