Cost Accountant

Job Description

The Cost Accountant is primarily responsible for supporting management and cost accounting activities within the manufacturing environment. The role focuses on production costing, inventory accounting and valuation, cost analysis, profitability analysis, management reporting, and preparation of financial statements.
The position works closely with Production, Warehouse, Procurement, and Finance to ensure accurate product costing, inventory valuation, cost allocation, and reliable financial information for management decision-making.
• Management & Cost Accounting: Perform management and cost accounting activities, including product costing, production cost calculation, cost allocation, and analysis of manufacturing expenses.
• Manufacturing Costing: Calculate and analyze the cost of production, including raw materials, direct labor, manufacturing overheads, and other production-related costs; identify cost variances and support corrective actions.
• Profit & Loss Analysis: Prepare and analyze Profit & Loss statements, revenue, cost of sales, gross profit, operating expenses, and profitability by product or business segment.
• Inventory Accounting & Valuation: Manage accounting aspects of inventory, including raw materials, packaging materials, work-in-progress, and finished goods; perform inventory valuation and ensure alignment between physical inventory, warehouse records, and accounting data.
• Warehouse & Inventory Control: Participate in inventory counts, stock reconciliations, inventory adjustments, and analysis of inventory movements and variances in coordination with Warehouse and Operations teams.
• Inventory Pricing: Perform and maintain appropriate inventory pricing and valuation based on approved costing methodologies and company accounting policies.
• Financial Statements & Reporting: Prepare and extract financial statements, management reports, cost reports, inventory reports, and other financial analyses required for management and corporate reporting.
• Budget & Variance Analysis: Support budgeting and forecasting activities and analyze actual results against budget, standard cost, and prior periods, highlighting significant variances and their underlying drivers.
• General Accounting & Closing: Support month-end and year-end closing activities, including accruals, provisions, inventory adjustments, cost allocations, reconciliations, and other required accounting entries.
• ERP & Data Integrity: Ensure accurate and timely recording of accounting, inventory, and costing transactions in the ERP system and maintain the integrity of financial and operational data.
Qualifications & Skills:
• Education: Bachelor’s degree in Accounting, Finance, or a related field.
• Experience: Minimum 3–5 years of relevant experience in management accounting, cost accounting, industrial accounting, or manufacturing finance.
• ERP & Excel: Strong proficiency in ERP financial and inventory modules and advanced Microsoft Excel skills for costing, reconciliation, reporting, and financial analysis.
• Financial Knowledge: Strong understanding of Profit & Loss, Balance Sheet, cost structures, manufacturing overheads, cost allocation, and financial statements.
Core Competencies:
•Strong Management & Cost Accounting expertise.
• Strong understanding of manufacturing and production costing.
• High analytical and numerical capability.
• Strong attention to detail and accuracy.
• Ability to analyze cost and profitability drivers.
• Strong understanding of inventory and warehouse processes.
• Effective cross-functional collaboration with Production, Warehouse, Procurement, and Finance.
• Strong ownership, problem-solving, and reporting skills.
• Ability to work effectively within a structured multinational manufacturing environment