A Cost Accountant is that employee of the company who works in an accounting department by managing the cost analysis and preparing budget reports.

Cost Accountant Job Description

The job profile of a Cost Accountant includes the work like analyzing the cost expenditure and purchase, review the services and goods, recording of cost-related data and maintain other financial cost options. Candidate should be confident enough to face the challenges that come in terms of cost-effective issues of an organization.

Roles and responsibilities

• The responsibility of cost Accountant includes the work of planning, analyzing and collecting data to determine costs of business.
• Analyze the changes made in raw material, manufacturing method, etc, which affect the cost factor of the company.
• The candidate is responsible to track all the records related to costs.
• The cost manager should also assist in the programs at the end of the month and year during the closing of the balance sheet.
• The candidate is also responsible to keep the track of the comparing factor which affects the price and profit of the company.
• Providing new and creative ideas to the company to reduce the cost of manufacturing along with providing good quality service.
• Responsibility to determine the fixed costs such as salaries, rent, and insurance.
• Take the responsibility of juniors and act wisely while leadership.
• Candidate should have strong management skills to manage all the cost-effective factors of the company.

Cost Accountant key skills required

• In-depth knowledge of Accounting process and Generally Accepted Accounting Principles (GAAP.
• Skill to work n accounting software like Zoho and FreshBooks.
• Team workability and strong time management.
• Good Communication skills
• Ability to think creatively.

 Education, training, and Certifications

• Bachelor or Master’s Degree in Accounting.
• Experience Certificate of at least 2 years of cost accountant job.
• Experience in MAPICS a plus.
• Experience in working with engineering and manufacturing personnel related to cost standards will be given preference.