Cost Accountant Job Description Sample Template

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We are seeking a skilled, experienced cost accountant to join our growing organization. In this position, you will be responsible for overseeing and analyzing cost expenditures and purchases within the organization. The cost accountant will review existing purchases, record data, recommend new cost-efficient and financially feasible cost options, and oversee purchasing costs. You will also work across teams to present and translate important financial information and assist in company audits.

• Develop and maintain cost accounting system, documentation, and records
• Determine the costs and efficiency of company purchasing activities
• Review costs for all external inventory, labor, and material purchases
• Analyze and recommend costs and cost savings
• Collect and compile purchasing data for analysis
• Prepare and complete internal cost audits
• Review and document inventory and material purchases
• Comply with Generally Accepted Accounting Principles (GAAP) for financial statements
• Prepare documents and interpret financial information regarding cost improvements for managers, executives, and C-Suite executives
• Maintain company accounting procedures and processes
• Present cost estimates and budgets for new purchases
• Accurate record and update existing and new purchased materials and goods
• Compile documentation on standard costs and company production costs
• Assist in audits and general ledger preparation
• Forecasts and plans future purchasing costs according to fiscal needs

• Bachelor's degree in accounting, finance, business with an emphasis in accounting, or a related field preferred
• Certified Public Accountant (CPA) license required; all state certifications met
• 2-3 years of previous accounting, bookkeeping, or related experience
• Experience with QuickBooks or MAPICS
• Excellent computer skills; experience in accounting software, Microsoft Office Suite
• Knowledge of bookkeeping and accounting best practices, laws, standards, and state/national regulations and Generally Accepted Accounting Principles (GAAP)
• Excellent written and verbal communication skills
• Accurate and precise attention to detail
• Ability to multitask, prioritize, and manage time efficiently