{"id":1184,"date":"2020-06-04T10:32:41","date_gmt":"2020-06-04T05:02:41","guid":{"rendered":"https:\/\/www.smartsampleresume.com\/?p=1184"},"modified":"2022-12-17T16:52:45","modified_gmt":"2022-12-17T11:22:45","slug":"cost-accountant-job-description","status":"publish","type":"post","link":"https:\/\/www.smartsampleresume.com\/job-descriptions\/cost-accountant-job-description\/","title":{"rendered":"Cost Accountant Job Description"},"content":{"rendered":"\n<h2><strong>Introduction: <\/strong><\/h2>\n\n\n\n<p>A cost accountant is responsible for\nminimizing the company&#8217;s financial misspend and boost profit. The primary duty\nof a cost accountant includes determining the actual cost of manufacturing,\nscrutinizing company expenses, analyzing profitability, and managing company\nbudget. Cost accountant closely works with the management and they have to\nassist management effectively achieves financial objectives. Cost accountant\nmust be experienced and familiar with handling accounting tasks. <\/p>\n\n\n\n<h2><strong>Cost Accountant Job Titles:<\/strong><\/h2>\n\n\n\n<ul>\n<li><a href=\"https:\/\/www.smartsampleresume.com\/resume\/examples\/accounting\/cost-accountant-resume\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Cost Accountant (opens in a new tab)\">Cost Accountant<\/a><\/li>\n\n\n\n<li>Senior Cost Accountant<\/li>\n\n\n\n<li>Cost Account with MS excel proficiency<\/li>\n\n\n\n<li>Cost Account ( Part-Time)<\/li>\n<\/ul>\n\n\n\n<h2><strong>Cost Accountant Job Summary:<\/strong><\/h2>\n\n\n\n<p>We are looking to hire a motivated and\nexperienced cost accountant who possesses excellent analytical skills. He needs\nto be a detail-oriented, knowledgeable, problem solver, and work under\npressure. Their job responsibilities include analyzing variance generated from\nactual invoice processing compared to land cost accounting rules, reviewing\nproduct costing from manufactured items to ensure accuracy, review and analyze\nmonth supply reporting, will lead budgeting and forecasting process of the company,\nexperience handling large ERP system and SAP, perform month-end close\nactivities related to cost accounting, prepare an inventory and production-related\njournal entries, ensure validity and accuracy of ERP through analysis, internal\naudit, inventory control, and production. They need to maintain the standard\ncost of production component in the ERP system and prepare new and proposed\nproduct costs for all potential new products, review the standard and actual\ncosts for inaccuracies, analyze purchase price variances report, and implement\nstandard cost by gaining insight and feedback from supply chain\nleadership.&nbsp; <\/p>\n\n\n\n<h2><strong>Cost Accountant Responsibilities and\nDuties:<\/strong><\/h2>\n\n\n\n<ul>\n<li>Plan, analyze and collect information to determine the cost of business activity<\/li>\n\n\n\n<li>Examine data collected and record results<\/li>\n\n\n\n<li>Inspect changes in product design and manufacturing method to determine the effect on costs<\/li>\n\n\n\n<li>Scan actual manufacturing costs and prepare periodic reports by comparing standard costs to actual production costs<\/li>\n\n\n\n<li>Examining audits of costs and preparing reports<\/li>\n\n\n\n<li>Preparing estimates of new and proposed product costs<\/li>\n\n\n\n<li>Recording the cost for the use in controlling expenditure<\/li>\n\n\n\n<li>Helping in preparing month-end close of the general ledger<\/li>\n\n\n\n<li>Maintaining cost accounting system<\/li>\n\n\n\n<li>Conducting physical inventories and monitoring cycle count program<\/li>\n\n\n\n<li>Classifying the costs accurately and generating PPV reports<\/li>\n\n\n\n<li>Reviewing JE carefully and preparing monthly and quarterly accounting reports for submission to the management<\/li>\n\n\n\n<li>Suggesting changes to policies and procedures to increase cash flow<\/li>\n\n\n\n<li>Reviewing the rate of depreciation, labor, and overhead<\/li>\n\n\n\n<li>Identifying solutions and creating resources to control gaps<\/li>\n\n\n\n<li>Identifying opportunities and implementing the best process<\/li>\n<\/ul>\n\n\n\n<h2><strong>Cost Accountant Skills and\nQualification:<\/strong><\/h2>\n\n\n\n<ul>\n<li>Bachelor degree in accounting<\/li>\n\n\n\n<li>Must possess a minimum of 3 years of experience in cost accounting<\/li>\n\n\n\n<li>Punctual, reliable and must have strong communication skill<\/li>\n\n\n\n<li>Must possess strong cost system background and understanding of accounting principles<\/li>\n\n\n\n<li>Computer savvy and strong Excel skills<\/li>\n\n\n\n<li>Able to use outlook and word<\/li>\n\n\n\n<li>IASB accreditation and CPA license is essential<\/li>\n\n\n\n<li>Analytical thinker and strong conceptual and problem-solving skills<\/li>\n\n\n\n<li>Meticulous and great organization skill<\/li>\n\n\n\n<li>Able to work under pressure, meet deadlines and work as a part of a team<\/li>\n\n\n\n<li>Great report writing, communication, and IT skills<\/li>\n\n\n\n<li>Strong time management skill and ability to handle confidential information<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Introduction: A cost accountant is responsible for minimizing the company&#8217;s financial misspend and boost profit. The primary duty of a cost accountant includes determining the actual cost of manufacturing, scrutinizing company expenses, analyzing profitability, and managing company budget. Cost accountant closely works with the management and they have to assist management effectively achieves financial objectives. &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Cost Accountant Job Description\" class=\"read-more button\" href=\"https:\/\/www.smartsampleresume.com\/job-descriptions\/cost-accountant-job-description\/#more-1184\" aria-label=\"More on Cost Accountant Job Description\">Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[45],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.smartsampleresume.com\/wp-json\/wp\/v2\/posts\/1184"}],"collection":[{"href":"https:\/\/www.smartsampleresume.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smartsampleresume.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smartsampleresume.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smartsampleresume.com\/wp-json\/wp\/v2\/comments?post=1184"}],"version-history":[{"count":2,"href":"https:\/\/www.smartsampleresume.com\/wp-json\/wp\/v2\/posts\/1184\/revisions"}],"predecessor-version":[{"id":5541,"href":"https:\/\/www.smartsampleresume.com\/wp-json\/wp\/v2\/posts\/1184\/revisions\/5541"}],"wp:attachment":[{"href":"https:\/\/www.smartsampleresume.com\/wp-json\/wp\/v2\/media?parent=1184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smartsampleresume.com\/wp-json\/wp\/v2\/categories?post=1184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smartsampleresume.com\/wp-json\/wp\/v2\/tags?post=1184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}