Finance Estimator

Cost Accountant
Philadelphia, PA, United States Or refer someone Job Openings Cost Accountant
Our client is seeking a detail-oriented and analytical Cost Accountant to join their finance team. As a Cost Accountant, you will be responsible for analyzing costs, identifying cost-saving opportunities, and providing valuable insights to improve our company's financial performance. Your expertise in cost analysis, budgeting, and financial reporting will play a crucial role in supporting strategic decision-making and optimizing operational efficiency.
Analyze product costs, production expenses, and operational performance to identify areas for cost optimization and process improvement.
Develop and maintain cost accounting systems and processes, ensuring accurate and timely recording of costs and expenses.
Conduct regular cost variance analysis and provide insights on deviations from budget and forecast.
Prepare cost reports and financial statements, highlighting key cost drivers and trends.
Assist in the preparation of annual budgets, forecasts, and financial plans, providing cost-related inputs and recommendations.
Support month-end and year-end closing activities, including reconciling cost accounts and analyzing variances.
Perform inventory analysis and reconcile inventory records to ensure accuracy and proper valuation.
Work closely with operations teams to improve cost accounting processes and ensure accurate product costing.
Assist in internal and external audits related to cost accounting and inventory valuation.
Stay up to date with industry trends, regulations, and best practices in cost accounting.
Bachelor's degree in Accounting, Finance, or a related field. CPA or CMA certification is a plus.
Proven experience as a Cost Accountant or a similar role, preferably in a manufacturing or production environment.
Solid understanding of cost accounting principles, methodologies, and best practices.
Proficiency in financial analysis, cost variance analysis, and budgeting.
Advanced knowledge of MS Excel and experience with financial software and ERP systems.
Strong analytical and problem-solving skills, with the ability to interpret complex financial data.
Excellent attention to detail and accuracy in financial calculations and reporting.
Knowledge of inventory management principles and familiarity with inventory valuation methods.
Understanding of Generally Accepted Accounting Principles (GAAP) and cost accounting standards.
Experience with cost accounting software and tools is a plus.
Experience in cost accounting within the manufacturing, retail, or consumer goods industry.
Familiarity with Lean Six Sigma or other process improvement methodologies.
Experience with data analysis and financial modeling.
Proficiency in other financial management areas, such as financial planning and analysis (FP&A).