* Position Summary:
- The Cost Accountant is responsible for ensuring accurate recording of inventory transactions, proper cost allocation, and continuous monitoring of stock levels to support effective financial control. This role verifies purchase prices, reviews cost data for accuracy, and prepares timely cost and inventory reports to assist management in decision-making, budgeting, and forecasting.
* Key Responsibilities:
+ Record inventory transactions accurately and on time.
+ Monitor stock levels and investigate discrepancies with operations and warehouse teams.
+ Allocate direct and indirect costs to appropriate cost centers and accounts.
+ Verify purchase prices, review supplier invoices, and ensure correct costing of materials and supplies.
+ Prepare cost and inventory reports, including variance analysis and management reports.
+ Support annual budgeting and periodic forecasting by providing accurate cost data.
+ Assist with cost projections and ad hoc analysis for management decision-making.
+ Ensure compliance with internal policies, accounting standards, and audit requirements.
+ Maintain proper documentation for all cost and inventory transactions.
+ Collaborate with purchasing, warehouse, and operational departments to ensure smooth cost control processes.
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