Cost Accountant

Job Description

Role & responsibilities Cost Analysis: Analyse and breakdown production costs including raw materials, direct labour, and manufacturing overhead to determine accurate product costs. Standard Costing: Develop and maintain standard cost estimates for products, comparing actual costs to identify variances and potential cost reduction opportunities. Variance Analysis: Investigate and report on significant variances between actual costs and budgeted costs, identifying areas for improvement. Inventory Management: Monitor inventory levels and ensure accurate cost accounting for raw materials and finished goods. Budgeting and Forecasting: Collaborate with other departments to develop accurate budgets and forecasts based on cost analysis. Cost Reporting: Prepare detailed cost reports for management, including product profitability analysis and cost breakdowns. Process Improvement: Identify and implement cost-saving measures and operational efficiencies within production processes.