Cost Accountant job description

Cost Accountant Duties and Responsibilities

Cost Accountant job description should contain a variety of functions and roles including:

Collect cost information and maintain an expenses database
Construct data accumulation systems
Analyze and report profit margins
Prepare (monthly, quarterly and annual) cost forecasts
Assisting in month-end and year-end closing
Identify and recommend cost-effective solutions
Determine fixed costs (e.g. salaries, rent and insurance)
Plan and record variable costs (e.g. purchases of raw material and operations costs)
Review standard and actual costs for inaccuracies
Prepare budgeting reports (for the company and for each department)

Cost Accountant Requirements / Skills / Qualifications

Cost Accountant job description should include these common skills and qualifications:

B.Sc degree in Accounting, Finance or relevant study
Proven work experience as a Cost Accountant, Cost Analyst, Accountant or similar role
Thorough knowledge of accounting procedures
Excellent analytical skills with an attention to detail
Strong time management skills
Integrity, with an ability to handle confidential information
In-depth understanding of Generally Accepted Accounting Principles (GAAP)
Experience with accounting software, like FreshBooks and Zoho
Computer literacy, MS Excel in particular (familiarity with VLOOKUPs and pivot tables)

As a hiring manager, recruiting an ideal Cost Accountant starts with crafting a good job description. Use this Cost Accountant job description template to save yourself time and help you attract the most qualified candidates. Feel free to revise it to meet your specific needs.

Job seekers interviewing for the role of a Cost Accountant may also reference it in preparation for the interview.