Cost Accountant Job Description

Cost Accountant I determines and implements cost accounting procedures and methods. Responsible for the preparation and analysis of cost reports and costing audits. Being a Cost Accountant I examines and reviews unusual cost records and ensures cost data is allocated correctly. May require a bachelor’s degree. Additionally, Cost Accountant I typically reports to a supervisor or manager. To be a Cost Accountant I typically requires 0-2 years of related experience. Works on projects/matters of limited complexity in a support role. Work is closely managed.

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Cost Accountant Job Description Template

Our company is looking for a Cost Accountant to join our team.

Responsibilities:

  • General ledger reconciliation, which includes month end close, journal entry preparation, account analysis and financial statement review;
  • Product costing, inventory, and work in process development;
  • Interpersonal Skills – Keeps emotions under control;
  • Understand the Fishbowl manufacturing software and integration with Quickbooks; review and examine errors between systems;
  • Lead and Manage the quarterly excess and obsolete inventory review process;
  • Establishes labor and overhead rates, bi-annually;
  • Other duties as assigned;
  • Assist in the completion of monthly, quarterly and annual financial packages by due date;
  • Establish & Monitor Financial Controls;
  • Assist in Standard Setting Process (including Routines & Recipes);
  • Construct Cost information utilized in Pricing Models;
  • Assists controller with monthly, quarterly and year-to-date financial reporting results relating to gross profit;
  • Gather data and prepare production analysis reports, and work together with production team for issue resolution and incremental improvement;
  • Provides cost data for new and/or changed products;
  • Design and implement accounting for supply chain activities within X.

Requirements:

  • Bachelor’s degree in accounting or finance;
  • The ability to work while under pressure and meet scheduled deadlines essential;
  • Quality Control to include ensuring the accuracy of results;
  • The ability to handle and prioritize multiple tasks while meeting deadlines with minimal supervision is essential;
  • Advanced written and verbal communication skills;
  • Strong Excel skills and experience with Great Plains/ Dynamics System;
  • Ability to accurately prepare and communicate costs reports to all levels of management and ownership;
  • Proficient in Excel, Word and Outlook software;
  • Advanced Microsoft Office skills;
  • Ability to be flexible and handle pressure in a positive manner;
  • Strong communication skills, organization skills and time management skills;
  • Cost Accounting/BOM experience preferred;
  • Ability to use advanced functions of Microsoft Excel;
  • Minimum 5 years’ experience in manufacturing environment;
  • Detail oriented.