Cost Accountant Job Description

This Cost Accountant job description template can be posted to online job forums and career pages for the recruitment of candidates. The Cost Accountant job description, its requirements, and responsibilities, given in this template can be modified according to the specific need of your company.

The primary job role of a Cost Accountant is to:

  • Maintain expenses database and collect cost information
  • Construct systems for data accumulation
  • Determine fixed as well as variable costs

Cost Accountant Job Description

We are hiring a qualified Cost Accountant for preparing budget reports and performing cost analyses operations. You will work with other Accountants from our Accounting department with the ultimate goal of maximizing our company’s profitability by managing cost information and building as well as updating databases.
In order to succeed in this role, you must have the ability to create detailed reports about cost-effective solutions, combining different data and calculating profit margins for our company. So, if you like to work in a fast-paced environment, and qualify the following requirements, we would like to hear from you.

Requirements

  • At least a Bachelor’s degree in Accounting, Finance, Economics or a related field
  • Professional certification (e.g. CPA or CFA)
  • Prior experience as an Accountant, Cost Analyst or Cost Accountant
  • Experience with database management and accounting software (e.g. Zoho and FreshBooks)
  • Experience working with MS Excel, especially pivot tables and VLOOKUPs
  • Sound knowledge of GAAP (Generally Accepted Accounting Principles)
  • Sound knowledge of current regulations
  • The ability to handle confidential and sensitive information
  • Exceptional time management and organizational skills
  • Strong communication skills and a keen eye for details
  • An analytical mind with a problem-solving attitude

Responsibilities

  • Maintaining expenses database and collecting cost information
  • Constructing systems for data accumulation
  • Determining fixed costs (e.g. rent, salaries and insurance)
  • Planning and recording variable costs (e.g. operations costs and purchases of raw materials)
  • Preparing budgeting reports for each department and also for the company
  • Analyzing and reporting profit margins
  • Preparing annual, quarterly and monthly cost forecasts
  • Assisting in month-end/year-end closing
  • Identifying and recommending cost-effective solutions for the company
  • Reviewing actual and standard costs for inaccuracies