Cost Accountant job at Swift Minds

Plan, Study, and collect data to determine costs of business activities such as raw material purchases, inventory and labor.

Analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost

Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs

Recording cost information for use in controlling expenditures

Making cost estimates of new and proposed products

Providing management with reports specifying and comparing factors affecting cost and profitability of products or services

Assisting in Month end close of the General Ledger

Compile documentation on standard costs and company production costs

Reviewing prices of products to keep them in line with the expected margins considering the changes in costs and market forces.

Carry out costing for Special Order Products to determine a price to charge.

Prepare periodic Costing and Production Reports to analyze production performance and its effect on Product costs and Company expenditure

Carry out cost center analysis and reporting to manage company costs against budget

Establish and maintain a robust Activity Based Costing system to guide Financial Reporting and variance analysis.

Recommend and participate in execution of process improvement projects

Educate the operational and production teams on management of costs and associated cost drivers.

Compile and present financial forecasts to assist planning & decision making

Prepare financial analysis for new ventures

Analyze company project performance and ROI

Conduct risk assessment and advise on ways to minimize financial risks.

Maintain the Cost Accounting System

Construct data accumulation systems