About the Job
Job Purpose:-
To estimate production costs and track regular expenses, which may be related to a new process or a new product and recommend changes to pricing and business models through tracking data such as changing labor, supply costs, conducting market research.
Duties and Responsibilities
Develops and maintains accurate costing systems in relation to labor, production methods and material supply.
Analyzes changes in product design, raw materials, manufacturing methods, or services to determine effects on costs.
Estimates new and proposed product costs as well as product changes.
Analyzes the data collected and logs a detailed record of the results.
Repairs (monthly, quarterly, and annual) cost forecasts.
Analyzes monthly Cost of goods sold (CoGS), Purchase Price Variance (PPV) and Manufacturing variance journal entries.
Analyzes data on material and labor costs to evaluate efficiency and effectiveness.
Reviews standard and actual costs for inaccuracies.
Analyzes changes in product design, raw materials, manufacturing methods, or services provided to determine effects on costs.
Analyzes actual costs and prepares periodic report comparing standard costs to actual costs and recommend cost efficiencies.
Provides finance support on business cases; project cost calculations/quotations for strategic projects with appropriate labor and overhead rates and overall production costs (make/buy, outsourcing/in sourcing).
Prepares product cost reports which meet the needs of managers and other employees using the information.
Reconciles general ledger account balances for inventory, material expense and production costing items.
Assists cost related issues in Ad-Hoc projects to improve overall financial process and controls.
Evaluates and updates standard costs on a quarterly basis, which includes the review and analysis of material, direct & indirect labor, and other overhead costs incurred.
Provides input and recommendations for streamline processes and updates of the cost accounting policies and procedures.
Reviews and drives cost reductions, working capital opportunities and manufacturing productivity improvements.
Prepares the monthly cost of sales figures by analyzes expenses such as material, labor, research, and development expenses.
Performs other duties assigned by the immediate supervisor.
About You
Qualification and Skills
Education
BA or MA Degree in Accounting, Accounting and Finance, Management, Business administration or related fields.
Experience
5 years relevant experience
Skills
Strong knowledge of cost accounting principles and procedures.
Verbal and written communication skills.
Computer literacy, proficient in Microsoft Word, Excel.
Time management skills.
Familiarity with Peachtree accounting.
Requirement Skill
Attention to detail & aesthetics
Cost management
Cost Control & Budgeting