Senior Cost Accountant

Job Purpose and Impact

The Product Costing Analyst will provide product costing expertise to ensure resources used during the manufacturing process are systematically recorded and reported in support of costing and profitability strategies. In this role, you will work closely with the finance and operations team to develop activity based product cost standards that represent the true cost of goods manufactured, ensure when changes are proposed, the effects on the product costs are as intended and monitor the product costing process to ensure that transactions recorded reflect actual activity. As the domain specialist for product costing, you will analyze price and usage variances and advise the operations teams on possible methods to sustain or improve the manufacturing process.

Key Accountabilities

• Lead yearly product costing planning initiatives which includes production volumes and spending, calculating and analyzing activity rates and allocations.
• Align stakeholders on the design and development of costing solutions and the fit with other processes using knowledge of complex costing and pricing models and their impact on design, profitability and controlling profitability analysis reporting.
• Review and approve new and revised bills of materials and receipts and to ensure they properly reflect the true cost of production and align with the business’s product costing policies and strategies.
• Analyze product costing trends at the cost component level and identify and report on trends including fixed versus variable costs and oversee the execution of monthly product cost estimates.
• Routinely monitor purchase price variances and process order variances and proactively identify, research, and facilitate correction of pricing or activity errors and oversee the execution of monthly product costing estimates.
• Prepare and complete internal cost audits.
• Comply with Generally Accepted Accounting Principles (GAAP) for financial statements.
• Analyze the data collected and log a detailed record of the results.
• Analyze any changes in goods or services provided in order to determine what effect it has on the cost.
• Analyze manufacturing costs and prepare regular reports comparing standard costs to actual production costs.
• Make estimates of new and proposed product costs.
• Provide management with reports that specify and compare factors that affect prices and profitability of products or services.
• Assist in audits and general ledger preparation.

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  Conduct physical inventories and monitor the cycle count program.
• Sound understanding of accounting principles.

Minimum Qualifications

• Qualified CA and CMAs in Product Costing .
• Minimum of 6+ Years experience in Costing and SAP is mandatory .