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Title
Text copied to clipboard!Cost Accountant
Description
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We are looking for a detail-oriented Cost Accountant to join our financial team. The Cost Accountant will be responsible for performing cost analyses and preparing budget reports. You should possess excellent analytical skills along with the ability to combine different data and calculate profit margins. Our ideal candidate should also be able to create detailed reports that present cost-effective solutions for our company. In this role, you will establish and maintain a cost accounting system that will provide detailed information needed by the management for decision making. You will also be responsible for the accuracy and validity of the data in the cost accounting system.
Responsibilities
Text copied to clipboard!- Collect and organize cost information into a database of expenses.
- Construct data accumulation systems.
- Determine fixed costs (e.g. salaries, rent and insurance).
- Plan and record variable costs (e.g. purchases of raw material and operations costs).
- Review standard and actual costs for inaccuracies.
- Prepare budgeting reports.
- Analyze and recommend costs and cost savings.
- Prepare (monthly, quarterly and annual) cost forecasts.
- Assisting in month-end and year-end closing.
- Identify and recommend cost-effective solutions.
Requirements
Text copied to clipboard!- Proven work experience as a Cost Accountant, Cost Analyst, Accountant or similar role.
- Thorough knowledge of accounting procedures.
- In-depth understanding of Generally Accepted Accounting Principles (GAAP).
- Experience with accounting software, like FreshBooks and Zoho.
- Computer literacy, MS Excel in particular (familiarity with VLOOKUPs and pivot tables).
- Excellent analytical skills with an attention to detail.
- Strong time management skills.
- Integrity, with an ability to handle confidential information.
- BSc degree in Accounting, Finance or relevant study.
Potential interview questions
Text copied to clipboard!- What cost accounting systems have you set up or maintained?
- Can you describe a time when your cost analysis significantly benefited a previous employer?
- How do you ensure accuracy when preparing a cost analysis?
- What strategies do you use to stay organized and meet deadlines?
- How do you handle confidential information?