Cost Accountant (Industrial Engineering Background)

lxbfYeaa - Egypt - Giza

As a Cost Accountant you will be responsible for analyzing and managing the costs associated with manufacturing processes, products, or projects. The role involves detailed financial analysis, cost estimation, budgeting, and providing insights to support strategic decision-making.

  • Analyze manufacturing costs, including raw materials, labor, and overhead expenses, to ensure accuracy and efficiency in cost allocation.
  • Develop and maintain costing models and systems to track and report on costs related to production activities and inventory.
  • Prepare cost estimates for new products or projects, considering factors such as materials, labor, equipment, and overhead costs.
  • Manage and analyze inventory costs, including valuation methods (e.g., FIFO, LIFO), inventory adjustments, and obsolescence provisions.
  • Prepare cost accounting reports, financial statements, and ad-hoc analyses for management review.
  • Identify opportunities for process improvements and cost efficiencies within manufacturing operations.
  • Collaborate with operational teams to implement cost-effective solutions and streamline business processes.
  • Ensure compliance with accounting principles and regulatory requirements related to cost accounting and financial reporting.
  • Support internal and external audits by providing accurate and timely information and documentation.
  • Implement cost control measures to optimize spending and reduce unnecessary costs.
  • Monitor cost trends and recommend actions to maintain or improve profitability.

5-7 years proven experience as a Cost Accountant or similar role in a manufacturing environment.Strong understanding of cost accounting principles, practices, and standards.Experience with cost accounting software and ERP systems (e.g., SAP, Oracle).Advanced proficiency in Microsoft Excel for data analysis and reporting.Excellent analytical skills with the ability to interpret complex financial data.Effective communication skills to collaborate with diverse teams and present findings to management.Detail-oriented with a commitment to accuracy and integrity in financial reporting.Giza or 6th October Resident is a must
Post date: 22 July 2024
Publisher: Wuzzuf .com
Post date: 22 July 2024
Publisher: Wuzzuf .com