Responsibilities

• Analyze manufacturing costs, including raw materials, labor, and overhead, to ensure accurate recording and reporting of product costs.
• Perform variance analysis to evaluate actual costs against standard costs, investigating and explaining variances to management and operational teams.
• Assist in the valuation of inventory, including raw materials, work-in-progress (WIP), and finished goods (FG), applying appropriate cost methods (e.g., FIFO, LIFO, weighted average).
• Identify opportunities for cost reduction and process improvement, working closely with cross-functional teams to implement cost-saving initiatives.
• Prepare and analyze cost-related data for inclusion in monthly, quarterly, and annual financial statements, providing insights to support decision-making.
• Assist in the development and maintenance of standard costing methodologies for products and production processes.
• Support the budgeting and forecasting process by providing input on cost assumptions, trends, and projections.
• Identify opportunities to streamline and automate cost accounting processes, leveraging technology and best practices to enhance efficiency and accuracy.
• Ensure compliance with internal controls over cost accounting processes, including adherence to SOX requirements and audit readiness.
• Collaborate with procurement, production, engineering, and supply chain teams to align cost accounting activities with broader business objectives.
• Other duties as assigned.