Position title
Cost Accountant
Employee Classification: Exempt, Full-time, Non-union
Reports To: Chief Financial Officer
Job Summary

The Cost Accountant performs advanced cost accounting analyses to compare estimated costs to actual costs and prepare a variety of budget reports. In addition, he/she is responsible to monitor product pricing, reviewing, and updating regularly.

Essential Duties & Responsibilities
  • Estimates the cost of new and proposed products and services.
  • Analyzes changes to the products and services.
  • Prepares accounting documentation such as financial statements and journal entries.
  • Provides detailed reports including breakdowns of project costs and forecasts.
  • Documents data and statistical procedures used in conducting cost analysis.
  • Assists in preparation of the annual budget to determine standard costs.
  • Supervises members of the accounting team.
  • Gathers and compiles standard cost information and maintains database concerning expenses.
  • Maintains costing system and standard cost sets.
  • Monitors raw material pricing, reviewing and updating regularly.
  • Develops systems and procedures for accumulation systems and/or cost accounting functions.
  • Determines and calculates labor and overhead costs.
  • Predicts, plans, and records variable costs such as purchases of raw material, labor, and operation costs.
  • Reviews and analyzes actual costs to identify inaccuracies.
  • Prepares necessary departmental and company-wide budgeting reports.
  • Reviews, analyzes, and reports actual product profitability.
  • Performs month-end and year-end closings with assistance.
  • Determines and recommends cost-effective solutions.
  • Provides product sample costs upon request.
  • Is reliable and punctual in reporting for work as scheduled.
  • Maintains professionalism at all times.
  • Performs other duties and/or projects as assigned.
Qualifications
  • Excellent verbal and written communication skills
  • Strong organizational and time management skills
  • Excellent analytical and organizational skills, with close attention to detail
  • Ability to manage confidential information
  • Proficient in Microsoft Office Suite or related software as well as accounting software
  • Thorough understanding of accounting procedures
  • Thorough understanding of Generally Accepted Accounting Principles (GAAP)
  • Resilient with a positive attitude
  • Self-motivated and solid work ethic
Education & Experience
  • Bachelor’s degree in Accounting or Business Administration
  • At least three years of related experience in cost accounting
  • CPA preferred
Physical Requirements
  • Continuous sitting, bending, pushing/pulling
  • Must be able to lift up to 15 pounds at times
Disclaimer

This job description is not designed to cover or contain a complete listing of competencies, duties or responsibilities required for this job. Job requirements may change at any time. Employee signature below constitutes employee’s understanding of the requirements and essential functions of the position.

Job Location
Cleveland, OH
Date posted
April 1, 2022
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Position: Cost Accountant

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