Cost Accountant Job Description

Position Description: Cost Accountant

Basic Function: This position is accountable for the ongoing analysis of process constraints, target costing projects, and margin analysis.  The cost accountant must also construct and monitor those cost-effective data accumulation systems needed to provide an appropriate level of costing information to management.

Principal Accountabilities:

  1. Construct data accumulation systems for a cost accounting system
  2. Create and review the controls needed for data accumulation and reporting systems
  3. Conduct ongoing process constraint analyses
  4. Update bill of material standard costs
  5. Report on breakeven points by products, work centers, and factories
  6. Report on margins by product and division
  7. Report on periodic variances and their causes
  8. Analyze capital budgeting requests
  9. Perform cost accumulation tasks as a member of the target costing group
  10. Coordinate physical inventories and cycle counts
  11. Accumulate and apply overhead costs as required by generally accepted accounting principles

Desired Qualifications: 3+ years of accounting/finance experience, or 5+ years experience in industrial engineering. Also, a BA/BS degree, as well as excellent analysis skills, and the ability to collaborate with a multi-department team.  Also helpful to have experience manipulating large databases.

Supervises: None