Remote Cost Accountant

Summary

The job is for a permanent Cost Accountant to support the Finance Team in an eco-friendly household product company. The role involves updating standard costs, analyzing production variances, auditing work orders, monitoring inventory levels, and ensuring compliance with accounting principles. The position is remote and full-time.

Requirements

• Post-Secondary Education in Accounting
• Certified Professional Accounting (CPA) designation or working towards one
• Proven experience in cost accounting or related field, preferably in manufacturing or production environment
• Proficiency in cost accounting methodologies, financial analysis tools, and ERP systems
• Strong analytical skills with attention to detail and accuracy
• Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments
• Solid understanding of GAAP and relevant accounting standards
• Ability to work independently and prioritize tasks in a fast-paced environment

Responsibilities

• Update and maintain standard costs and rate models
• Conduct regular analysis of production variances, planned material prices, standard production activity rates and overhead allocation rates
• Analyze cost accounting data and assist with cycle count/physical inventories
• Audit work orders from the production floor for manufacturing and kitting assembly
• Daily Inventory uploads and raising the inventory issues within the company to seek possible resolution
• Monitoring of inventory transactions posted by Supply chain to ensure proper Inventory and GL impact
• Ensuring attachment of proper documentation with the posted transactions in the Inventory and purchase module
• Reconciliation of Month end Inventory reports per SKU
• Assist in Conducting detailed analysis of production costs, including raw materials, labor, and overhead expenses
• Monitor inventory levels and valuation, ensuring accuracy and compliance with accounting standards
• Determine the cost of producing goods or services, considering direct and indirect costs. Collaborate with production teams to accurately allocate costs and establish pricing strategies
• Implement cost control measures to mitigate cost overruns and improve operational efficiency. Identify areas of inefficiency and recommend process improvements to reduce costs
• Prepare and analyze cost-related financial reports, such as cost of goods sold (COGS), manufacturing variances, and cost-volume-profit (CVP) analysis. Present findings to management and provide recommendations for cost optimization
• Ensure compliance with accounting principles and regulatory requirements related to cost accounting. Assist in internal and external audits by providing relevant cost data and documentation
• Collaborate with departments across the organization, including finance, production, procurement, and sales, to gather cost-related information and support business objectives
• Stay abreast of industry trends, best practices, and technological advancements in cost accounting. Proactively identify opportunities for process improvement and recommend implementation strategies
• Assist in month-end closing, prepare journal entries and assist with the balancing of inventory ending quantities
• Assist in management of the costing process for the Group of Companies