Main Responsibilities:
Analyzing and managing cost data to help control and reduce costs in the organization
Preparing and maintaining detailed cost reports to assess the cost structure of the business
Conducting cost analysis for various departments to identify opportunities for cost reduction
Reviewing and analyzing financial statements, budgets, and other related financial documents
Maintaining accurate records of inventory, production costs, and other related expenses
Assisting in preparing budgets and forecasts by analyzing historical data and trends
Ensuring that all costs are recorded and reported according to accounting standards
Liaising with other departments (such as production, procurement, and finance) to gather necessary cost information
Conducting periodic audits to ensure cost allocation and cost control procedures are being followed
Providing recommendations on pricing, cost reductions, and profit maximization strategies
Essential Qualifications:
Bachelor's degree in Accounting, Finance, or related field
Minimum of 4-5 years of experience in cost accounting or management accounting
Professional certification (e.g., CMA, CIMA) is a plus
Skills Required:
Strong analytical and problem-solving skills
Proficiency in accounting software and Microsoft Excel
Good understanding of cost accounting principles and practices
Strong attention to detail and accuracy in financial reporting
Excellent communication skills for working with different departments
Ability to work under pressure and meet deadlines
Knowledge of budgeting, forecasting, and financial analysis
Ability to work independently and as part of a team