cost AccountantLTHFood Industries Inc.

COST ACCOUNTANT
 
Main Function 
 
Responsible for the reduction of a company's financial waste and increasing profits. Duties include determining actual costs of manufacturing or providing a service, scrutinizing associated company expenses, analyzing profitability and preparing the company budget. 
 
Duties and Responsibilities: 
 
Plans, studies, and collects data to determine costs of business activity such as raw material purchases, inventory and labor. 
Analyzes data collected and records results 
Prepares monthly reconciliation & reports such as Cost sheet, Gross Profit, Production Volume & Estimated Product cost. 
Reviews material issuance to production, rejections and yield rate in a monthly basis 
Establish process flows that have direct/ indirect effect in product cost. 
Computes Estimated Landed Cost of the imported items 
Creates and reviews controls needed for data accumulation and reporting systems 
Analyzes changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost 
Analyzes actual manufacturing costs and prepares periodic reports comparing standard costs to actual production costs 
Records cost information for use in controlling expenditures 
Prepares estimates of new and proposed product costs 
Provides management with reports specifying and comparing factors affecting prices and profitability of products or services. 
Maintains and updates Cost Accounting System 
Assists in Month end close of the General Ledger (Entries of Indirect Materials/ Consumables used in Production & warehouse) 
Validate the cost of goods sold as part of the month-end close 
Supervises in the conducts physical inventories and monitors cycle count program 
Investigates cycle counting variances and resolve issues 
Reconciles finished goods inventories 
Investigates cycle counting variances and resolve issues 
Updates standard costs in the bill of materials 
Reviews standard and actual costs for inaccuracies 
Accumulates and applies overhead costs as required by generally accepted accounting principles 
Works with the Materials Review Committee to locate and dispose of obsolete inventory 
Prepares annual companywide budget and long range financial projections.
 
Academic Background
Candidate must possess Bachelor's Degree in Accountancy preferably a Certified Public Accountant (CPA)