Cost Accounting Analyst Job Description
Cost Accounting Analyst Duties & Responsibilities
To write an effective cost accounting analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included cost accounting analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Cost Accounting Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Cost Accounting Analyst
List any licenses or certifications required by the position: CPA, CMA, SOX, JD, CGFM
Education for Cost Accounting Analyst
Typically a job would require a certain level of education.
Employers hiring for the cost accounting analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Economics, Education, Business/Administration, Accountancy, MBA, Business/Management, Communication
Skills for Cost Accounting Analyst
Desired skills for cost accounting analyst include:
Desired experience for cost accounting analyst includes:
Cost Accounting Analyst Examples
Cost Accounting Analyst Job Description
- You will design financial analysis to drive business actions for breakthrough outcomes
- You will identify and dive into key business trends to propose innovative methods to meet objectives
- Responsible for accounting functions, accounts receivable, cost accounting
- Support financial close process, including but not limited to preparing journal entries, reconciliations, reporting
- Tracks and reports materials cost reduction projects and initiatives
- Tracks Capital expenditures and coordinates the timely project closure with the respective managers
- Assists in various financial research projects and ad-hoc analyses
- Represents Finance on cross-functional project teams- providing analytical support as needed
- Responsible for maintenance, development and expansion of clinical structures in the DSS, auditing and data integrity
- Lead the organization-wide update of direct costs standards used for unit costing in the DSS
- Advanced Excel software proficiency and experience required
- Proficient in the use of Lotus Notes database
- Desirable attributes include consistent ability to set and accomplish goals
- Bachelor's degree in Accounting or equivalent, and minimum of 4 years of experience in a cost accounting role
- Advanced knowledge of SAP is required
- Working knowledge of BW or equivalent required
Cost Accounting Analyst Job Description
- Month end book close
- Review and provide month end accruals, amortization, depreciation
- Deep dive analysis of entire overhead expenses of the company
- Monthly reporting to department owners and provide variance analysis vis-à-vis budget
- Review of balance sheet and post necessary journals
- Interacting with auditors and resolution of audit queries
- Providing financial analysis for a cost of sales lines with regards to purchase price variance, enterprise standard cost variance, excess & obsolescence
- Forecasting financial results and tracking actuals for cost accounting lines
- Technical/Engineer to Accounting liaison
- Influence key stakeholders to drive change that aligns with the organization’s objectives
- Experience with SpreadSheet Server Designer Query is a plus
- Individual motivated to grow and develop Manager-level skillset is desired
- Career growth, recognition programs, development and continuous learning opportunities
- Maintenance of inventoy master data
- Goods in transit accounting
- Calculation of purchase price variances
Cost Accounting Analyst Job Description
- Perform special projects upon request
- Support profitability reporting with accurate costing information
- SAP Material Costing
- Actual Costing Analysis
- Prepare Monthly production reporting
- Prepare Month End Closing metrics
- Interact with Plant Accountants, Plant Engineers
- May be expected to perform duties other than those specified within this description
- Identifying and reporting key indicators of plant performance
- Actively participating in the Annual Operating Plan and budget for North American Operations by developing, standard costs comparative analyses and developing required presentations to management
- Compilation of data for monthly and quarterly corporate reports
- External audit requirements support
- Ensure transactions are in compliance with company policy, IFRS or US GAAP and local
- Compilation of data to measure customer service levels
- Analyzes and explains variances between forecasts and actual results
- Proficient using Microsoft Office suite particularly Excel, Access and Powerpoint with special focus on enhanced Excel skills
Cost Accounting Analyst Job Description
- Monitoring Inventory located on site and at 3rd Party Locations
- Actively participating in Quarterly Forecasting
- Actively monitoring all Cost of Goods Manufactured expenses
- Assist as needed with other analysis adhoc projects
- Partner with Store Managers, Loss Prevention and Retail Operations teams as necessary to ensure inventory controls are in place for the proper handling to prevent shrink and damages
- Schedule and organize the companies’ three annual physical inventories
- Manage and coordinate the physical inventories
- Analyze and research physical count discrepancies
- Research daily inventory adjustments between sub-ledgers (PKMS and IP)
- Maintain monthly reporting store to store transfers and unsellable damages
- Exposure to Hyperion Financial Management software
- Strong interpersonal skills with proven ability to build and maintain internal / exiternal relationships
- Ability to work well as part in a team environment
- Passion for problem solving and continuous improvement
- Professionally present to large groups
- Bachelor’s Degree in Finance, Accounting, or a related field required (or equivalent combination of education and experience)
Cost Accounting Analyst Job Description
- Drives a strong cost focus across their business by Identifying cost efficiencies/opportunities for their business
- Prepare and analyze cost accounting data and provide proper financial support to business partners and management
- Maintain product costing for Tupelo Plant and OE programs
- Contribute to plant manufacturing variance analysis and profit reconciliation
- Analyze current product cost standards and variances on a monthly basis and support the annual standard setting process
- Process freight claim payments and adjustments
- Support the department in establishing, documenting and implementing new processes as needed
- Process licensee vendor invoices and submit to account payables
- Perform and coordinate interim physical inventories, factor studies, and sales cut off verification
- Work with operations to provide analysis of inventory
- General accounting experience (strong internship experience is acceptable)
- Experience with fully integrated SAP system or other ERP system a plus
- 3 to 7 years work experience in a finance or accounting role
- Ability to work in a team environment and be an active member of management staff
- Ability to handle multiple tasks with high tolerance for interruptions and changing priorities
- Must be dependable and available to work overtime when required