Cost Accountant Job Description

Job summary 1

The Cost Accountant is a critical role responsible for the ongoing analysis of product cost, development of new product cost, and margin analysis. This role will also work closely with the sales teams and senior financial management team to establish customer pricing.

Duties & Responsibilities 1

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Requirements & Skills 1

Job summary 2

The Cost Accountant provides professional cost accounting expertise relative to generally accepted accounting principles (GAAP) and professional accounting expertise relative to the Corporation's credit reform and revolving fund programs.

Duties & Responsibilities 2

Requirements & Skills 2

Job summary 3

The Cost Accountant drives sustainability by diligently analyzing & preparing business performance data which supports management in making informed decisions that enable our company to be a premier place to work & do business.

Duties & Responsibilities 3

Requirements & Skills 3

Job summary 4

The Cost Accountant assists operations to better manage the production process. This individual will provide personal financial guidance to the members of the Production Management.

Duties & Responsibilities 4

Requirements & Skills 4

Job summary 5

The Cost Accountant is responsible for ensuring accurate product costing and inventory accounting for manufacturing plants. Support department managers, supervisors, and Controllers with requests for financial information and provide timely information on plant metrics.

Duties & Responsibilities 5

Requirements & Skills 5

Job summary 6

The Cost Accountant is responsible for ensuring daily production requirements are met through analysis and reporting of production status. This position is responsible for the preparation and analysis of cost reports and audits, reviewing pricing formulas and cost allocation factors.

Duties & Responsibilities 6

Requirements & Skills 6

Job summary 7

The Cost Analyst, reporting to the Manufacturing accounting manager/lead, will interface with operatives and leaders across multiple departments, including but not limited to Operations, Supply Chain, Facilities management, R&D, and Manufacturing.

Duties & Responsibilities 7

Requirements & Skills 7

Job summary 8

The Cost Accountant is responsible for preparing and analyzing costing audits and cost reports while ensuring that cost data is correctly allocated. Reviews and examines unusual cost records.

Duties & Responsibilities 8

Requirements & Skills 8

Job summary 9

The Cost Accountant leads plant costing functions and is the backup position for the Accounting Manager. Analyze financial information and prepare financial reports to determine or maintain financial records within the facility.

Duties & Responsibilities 9

Requirements & Skills 9

Job summary 10

The Cost Accountant position provides support for cost accounting activities.

Duties & Responsibilities 10

Requirements & Skills 10

Frequently asked questions

What is the role of a cost accountant?

A cost accountant is responsible for analyzing and recording the costs associated with producing goods or providing services to provide management with valuable financial information. The main role of a cost accountant is to develop and implement cost accounting systems that help companies track and manage their expenses.

Some of the specific duties of a cost accountant may include:

Collecting and analyzing data on production costs, including raw materials, labor, and overhead expenses.

Developing cost accounting systems that accurately capture all relevant expenses and provide management with the information they need to make informed decisions.

Conducting cost-benefit analyses on new projects or initiatives to help management determine whether they are financially viable.

Identifying areas where the company can cut costs or improve efficiency, and making recommendations to management on how to do so.

Preparing reports and presentations on cost accounting data for management and other stakeholders.

Overall, the role of a cost accountant is to help companies manage their expenses and make informed financial decisions by providing accurate and reliable cost accounting data.

Who does a cost accountant work with?

A cost accountant works with various stakeholders within a company, including:

Management: Cost accountants work closely with senior management to provide financial information to help them make informed decisions about the company's operations and financial health.

Production teams: Cost accountants work with production teams to gather data on the costs associated with producing goods or providing services.

Purchasing teams: Cost accountants work with purchasing teams to analyze the costs associated with raw materials and other supplies needed for production.

Finance teams: Cost accountants work with finance teams to ensure that financial records and statements are accurate and that financial reporting requirements are met.

Auditors: Cost accountants work with auditors to provide documentation and explanations of financial records and accounting practices.

External stakeholders: Cost accountants may also work with external stakeholders such as suppliers, customers, and regulatory agencies to provide financial information and ensure compliance with applicable laws and regulations.

Overall, cost accountants work with a wide range of stakeholders to ensure that financial records are accurate, that costs are properly managed, and that the company is operating in a financially responsible and sustainable manner.

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