- Analyze production costs and variances to identify trends and areas for improvement.
- Prepare detailed cost reports and presentations for management review.
- Evaluate the cost structure of products and recommend pricing strategies.
- Assist in the preparation of annual budgets and financial forecasts.
- Monitor budget performance and report on variances, providing explanations and recommendations.
- Oversee inventory valuation and ensure accurate recording of raw materials, work-in-progress, and finished goods.
- Conduct regular inventory audits to maintain accuracy and minimize discrepancies.
- Develop and implement cost control measures to improve efficiency and reduce waste.
- Collaborate with production teams to identify cost-saving opportunities without compromising quality.
- Establish standard costs for products based on historical data and market analysis.
- Regularly review and update standard costs as necessary to reflect changes in material prices or labor rates.
- Prepare monthly, quarterly, and annual financial statements related to cost accounting.
- Provide insights into profitability by product line and assist in decision-making processes.
- Work closely with production, procurement, and sales teams to gather data and provide financial insights.
- Support the finance team with ad-hoc analysis and reporting as needed.
- Ensure compliance with accounting standards and company policies.
- Assist with internal and external audits related to cost accounting practices.
Bachelor degree in Accounting, Finance, or a related field; CPA or CMA certification preferred.Minimum of 5 years of experience in cost accounting, preferably in the furniture or manufacturing industry.Strong knowledge of cost accounting principles, budgeting, and financial analysis.Proficient in accounting software and Microsoft Excel.Excellent analytical skills with a keen attention to detail.Strong communication skills, both verbal and written.Ability to work independently and collaboratively in a fast-paced environment.