Cost Accountant at Elevantix Consulting

Job Description

• Determine fixed costs (e.g. salaries, rent and insurance)
• Plan and record variable costs (e.g. purchases of raw material and operations costs)
• Accumulate and apply overhead costs as required by generally accepted accounting principles.
• Calculated labor absorption costs
• Check Purchase Orders to ensure accuracy
• Analyzes changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on costs.
• Develop and maintain Bills of Material and standard costs of finished goods and production
• Support yearly standard setting process for finished goods, components, and core parts; update and review standard and actual costs
• Coordinate physical inventory counts and cycle counts
• Investigate cycle counting variances and resolve issues
• Lead and manage the quarterly excess and obsolete inventory review process
• Control scrap inventory and ensure adequate measures are taken to realize true value of scrap.
• Analyzes actual production costs and prepares periodic reports comparing standard costs to actual production costs
• Ensure timely submission, accuracy and validity of inventory, gross margin schedules to management
• Provides management with reports specifying and comparing factors affecting prices and profitability of products or services.
• Maintain and assist in improving processes and controls associated with manufacturing costs and inventory valuation
• Prepares estimates of new and proposed product or service costs
• Recommends cost efficiencies in new product layouts
• Analyzing cost volume-profit (CVP) relationships and short-term decision making
• Provide Sales Margin analysis by Customer/Product
• Support internal and external auditors by ensuring:
  • Availability of vouchers, supporting and other required documentation
  • Resources to provide explanation and answer question raised by auditors
• Ensure effective utilization of ERP functionality.
• Support the implementation of ERP and other financial system from Job costing perspective
• Champion new initiatives and capability building