Cost Accountant
Accounting

Cost Accountant

Looking to hire your next Cost Accountant? Here’s a full job description template to use as a guide.

64000
yearly U.S. wage
25600
yearly with Vintti

* Salaries shown are estimates. Actual savings may be even greater. Please schedule a consultation to receive detailed information tailored to your needs.

About Vintti

Vintti is revolutionizing remote staffing by prioritizing time zone alignment. We connect US-based SMBs, startups, and firms with Latin American professionals who work synchronously with US schedules. This approach ensures that businesses can maintain their usual workflows, conduct real-time meetings, and collaborate effectively without the typical challenges of working across disparate time zones.

Description

A Cost Accountant plays a crucial role in the financial health of an organization by analyzing and managing cost-related data to aid in decision-making. They are responsible for recording, examining, and interpreting cost information to help control expenses and assess profitability. This role involves budgeting, variance analysis, and cost allocation to ensure accurate financial reporting. By identifying cost-saving opportunities and providing insights on cost drivers, a Cost Accountant supports strategic planning and operational efficiency, enabling better financial management and sustainability for the company.

Requirements

- Bachelor's degree in Accounting, Finance, or related field
- CPA or CMA certification preferred
- Minimum of 3-5 years of cost accounting experience in a manufacturing environment
- Strong knowledge of accounting principles and cost accounting standards
- Proficiency in accounting software and ERP systems (e.g., SAP, Oracle)
- Advanced Excel skills (e.g., VLOOKUP, pivot tables)
- Excellent analytical and problem-solving skills
- Strong attention to detail and accuracy
- Ability to work independently and as part of a team
- Effective communication and interpersonal skills
- Experience with budgeting, forecasting, and financial analysis
- Familiarity with inventory management and valuation
- Ability to manage multiple tasks and meet deadlines
- Strong organizational and time management skills
- Knowledge of GAAP and relevant financial regulations
- Experience in process improvement and cost control initiatives
- Ability to interpret financial data and provide actionable recommendations
- Familiarity with manufacturing processes and cost drivers
- Strong business acumen and strategic thinking skills

Responsabilities

- Analyze financial statements and reports to determine cost performance
- Prepare and review cost reports for variance analysis
- Monitor and analyze inventory valuation and costing
- Conduct regular audits of financial transactions and cost reports
- Develop and implement cost accounting systems and procedures
- Coordinate with operations to ensure accurate job costing and project analysis
- Assist in budgeting and forecasting activities
- Perform cost analysis and profitability assessments
- Maintain cost accounting systems and databases
- Reconcile cost data with financial accounting information
- Ensure accurate month-end and year-end financial closing
- Track and analyze manufacturing costs, overhead, and variances
- Research and recommend cost-effective measures for reducing costs
- Prepare detailed reports on cost information for management
- Assist in preparing financial statements by providing necessary cost data
- Collaborate with other departments to ensure proper cost allocation
- Provide support in planning and implementing cost control strategies
- Monitor and maintain standard costs within the ERP system
- Support product pricing activities by analyzing cost data
- Evaluate the cost implications of new business initiatives and projects

Ideal Candidate

The ideal candidate for the Cost Accountant role is a meticulous and detail-oriented professional with a Bachelor's degree in Accounting, Finance, or a related field, and preferably a CPA or CMA certification. With 3-5 years of experience in cost accounting within a manufacturing environment, they possess a deep understanding of accounting principles and cost standards. Their advanced proficiency in accounting software and ERP systems such as SAP or Oracle, coupled with their exceptional Excel skills, allows them to efficiently analyze financial statements, perform variance analyses, and maintain cost accounting systems and databases. Adept at budgeting, forecasting, and financial analysis, they bring strong analytical and problem-solving abilities to the table, enabling them to assess profitability and recommend cost-effective measures. As a self-motivated and proactive individual, they demonstrate excellent organizational and time management skills, particularly when managing multiple tasks and meeting deadlines. Their ability to communicate effectively and collaborate with various departments ensures accurate job costing, proper cost allocation, and strategic decision-making. With a strong business acumen, they possess a strategic thinking capability and a continuous improvement mindset, making them adaptable to changing environments. Their high level of integrity and professionalism, combined with their technological proficiency and sound judgment, sets them apart as a key asset for driving cost control initiatives and supporting product pricing activities.

On a typical day, you will...

- Analyze financial statements and reports to determine cost performance
- Prepare and review cost reports for variance analysis
- Monitor and analyze inventory valuation and costing
- Conduct regular audits of financial transactions and cost reports
- Develop and implement cost accounting systems and procedures
- Coordinate with operations to ensure accurate job costing and project analysis
- Assist in budgeting and forecasting activities
- Perform cost analysis and profitability assessments
- Maintain cost accounting systems and databases
- Reconcile cost data with financial accounting information
- Ensuring accurate month-end and year-end financial closing
- Track and analyze manufacturing costs, overhead, and variances
- Research and recommend cost-effective measures for reducing costs
- Prepare detailed reports on cost information for management
- Assist in preparing financial statements by providing necessary cost data
- Collaborate with other departments to ensure proper cost allocation
- Provide support in planning and implementing cost control strategies
- Monitor and maintain standard costs within the ERP system
- Support product pricing activities by analyzing cost data
- Evaluate the cost implications of new business initiatives and projects

What we are looking for

- Strong analytical mindset
- Exceptional attention to detail
- High degree of accuracy
- Ability to work under pressure
- Strong problem-solving skills
- Effective communication abilities
- Deadline-oriented
- Strong organizational skills
- Strategic thinking capability
- Self-motivated and proactive
- Team player with collaborative spirit
- High level of integrity and professionalism
- Adaptability to changing environments
- Ability to manage multiple priorities
- Technologically proficient
- Continuous improvement mindset
- Strong business acumen
- Sound judgment and decision-making skills

What you can expect (benefits)

- Competitive salary range (specific salary to be determined based on experience and qualifications)
- Health insurance (medical, dental, vision)
- Retirement plan options (401(k) with company match)
- Paid time off (vacation, sick leave, holidays)
- Life and disability insurance
- Flexible work hours or remote work options
- Professional development opportunities (training, certifications, workshops)
- Tuition reimbursement programs
- Employee wellness programs (gym memberships, wellness incentives)
- Employee assistance programs (EAP)
- Performance-based bonuses or incentives
- Opportunities for career advancement and growth
- Comprehensive onboarding and training program
- Work-life balance initiatives (flexible scheduling, telecommuting)
- Parental leave benefits
- Company-sponsored events and team-building activities
- Relocation assistance if applicable
- Employee discount programs

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