Cost Accountant

Job Responsibilities:

• Costing & Inventory Control:
• Prepare and maintain the standard cost of products and update it periodically.
• Monitor daily production costs and analyze material, labor, and overhead expenses.
• Ensure accurate inventory valuation and reconciliation between physical and system records.
• Record and analyze cost variances between actual and standard costs.
• Monitor waste, scrap, and production losses and report deviations.
• Financial Reporting & Analysis:
• Prepare monthly cost reports, variance analyses, and profitability reports by product or department.
• Support month-end and year-end closing related to inventory and cost accounts.
• Provide cost-related data and analysis for management decision-making.
• Budgeting & Forecasting:
• Assist in preparing annual budgets and cost forecasts for the factory.
• Monitor actual costs against budgets and report deviations.
• Internal Controls & Compliance:
• Ensure compliance with company policies, accounting standards, and internal controls.
• Participate in internal and external audits related to inventory and cost accounts.
• Continuous Improvement:
• Recommend cost reduction initiatives and process improvements.
• Support operational teams in identifying efficiency opportunities in production and material usage.

Job Requirements:

• Bachelor’s degree in Commerce, Accounting, Finance, or a related field from a reputable university.
• Minimum 3 years of experience in cost accounting, preferably in a manufacturing or industrial environment.
• Strong knowledge of cost accounting principles, standard costing, and inventory control.
• Proficiency in ERP systems (e.g., SAP, Oracle, or Odoo) and Microsoft Excel.

Work Location: In person