Cost Accountant Job Description

A cost accountant is an accountant who specializes in analyzing costs related to accounting, budgeting, taxation, and other financial activities.

Cost accountants typically work within a corporation’s finance department.

They analyze costs related to accounting and are assigned the responsibility of making recommendations that reduce costs and maximize profits.

Cost accountants’ duties range from cost-of-goods-sold analyses to developing budgets.

The job of a cost accountant also includes analyzing and recommending ways to reduce inventory levels.

For example, if cost accountants believe that a company does not need to purchase inventory in December, they may recommend that the company not purchase any inventory in December

Job Brief:

We’re looking for a Cost Accountant to join our team. The ideal candidate will have experience in cost accounting and be able to provide accurate and timely financial information.

Cost Accountant Duties:

• Assist in monitoring project progress on a regular basis
• Calculate project costs and compare them to original estimates
• Assist in preparation of cost reports and budget adjustments
• Use appropriate cost estimating methods, such as ABC or CPM, to determine construction costs
• Develop and maintain specific cost control systems for a new construction project
• Prepare cost estimates for project development
• Identify, compile and analyze data
• Report and summarize findings

Cost Accountant Responsibilities:

• Prepare weekly, monthly, and quarterly financial reports by compiling and analyzing operating and financial data and trends; coordinating with payroll and accounting staff on cost-related questions
• Maintain accurate inventory data by reviewing physical counts, invoices, and purchase orders
• Validate vendor invoices, purchase orders, and job costing reports
• Instruct, train, and motivate subordinates, and participate in performance evaluations
• Perform other job-related duties as required

Requirements And Skills:

• Bachelor’s degree in accounting or related field
• 3+ years’ relevant cost accounting and/or budgeting experience including leadership experience
• Ability to work effectively across multiple departments
• Strong analytical skills and demonstrated ability to communicate with all levels of management

At [Company Name], we believe that diversity and inclusion are critical to our success as a business. We are committed to building a team that is representative of the communities we serve, and we welcome applications from people of all backgrounds, experiences, and perspectives.