Cost Accounting Analyst Job Description

Cost Accounting Analyst Job Description

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Cost accounting analyst provides financial leadership and guidance related to SAP implementations, deployments and functionality for the FI,CO, and COPA modules;.

Cost Accounting Analyst Duties & Responsibilities

To write an effective cost accounting analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included cost accounting analyst job description templates that you can modify and use.

Sample responsibilities for this position include:

Delivery of analytic support to business initiatives, typically representing a sub-function within finance for a particular business
Train and oversee Cost Specialist with establishing standard product costs in SAP based on company policies and procedures
New Product Cost Development and Analysis
OE Product Cost Development and Analysis
Product Costing Analysis
Product Master Data Analysis
Develop test cases / scenarios to exercise functionality (including system interfaces) and perform systems tests to confirm results
Analyze, understand and explain the reasons for movement in all manufacturing, logistics, and central supply chain costs including month and year to date comparisons to budget and prior year, providing input for the forecast process
Assist with improving the use and understanding of SAP and HFM reporting systems
Monitor transactions related to the purchasing of goods

Cost Accounting Analyst Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Cost Accounting Analyst

List any licenses or certifications required by the position: CPA, CMA, SOX, JD, CGFM

Education for Cost Accounting Analyst

Typically a job would require a certain level of education.

Employers hiring for the cost accounting analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Economics, Education, Business/Administration, Accountancy, MBA, Business/Management, Communication

Skills for Cost Accounting Analyst

Desired skills for cost accounting analyst include:

Business
Best practices and principles for optimum analytics and financial consulting to the business
Financial and management accounting principles
GAAP and SOX requirements
Manufacturing
SAP particularly in Project Systems and FI/CO functionality
Pricing
Procurement
Product
Systems

Desired experience for cost accounting analyst includes:

Multi-tasking team player
Generate reporting to review forecast PPV
Maintain the Duty and brokerage accrual accounts
Play active role with retail group
Maintain vendor chargeback reports for TNF
3-5 years genera accounting experience preferred

Cost Accounting Analyst Examples

1

Cost Accounting Analyst Job Description

Job Description Example
Our innovative and growing company is hiring for a cost accounting analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for cost accounting analyst
  • You will design financial analysis to drive business actions for breakthrough outcomes
  • You will identify and dive into key business trends to propose innovative methods to meet objectives
  • Responsible for accounting functions, accounts receivable, cost accounting
  • Support financial close process, including but not limited to preparing journal entries, reconciliations, reporting
  • Tracks and reports materials cost reduction projects and initiatives
  • Tracks Capital expenditures and coordinates the timely project closure with the respective managers
  • Assists in various financial research projects and ad-hoc analyses
  • Represents Finance on cross-functional project teams- providing analytical support as needed
  • Responsible for maintenance, development and expansion of clinical structures in the DSS, auditing and data integrity
  • Lead the organization-wide update of direct costs standards used for unit costing in the DSS
Qualifications for cost accounting analyst
  • Advanced Excel software proficiency and experience required
  • Proficient in the use of Lotus Notes database
  • Desirable attributes include consistent ability to set and accomplish goals
  • Bachelor's degree in Accounting or equivalent, and minimum of 4 years of experience in a cost accounting role
  • Advanced knowledge of SAP is required
  • Working knowledge of BW or equivalent required
2

Cost Accounting Analyst Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of cost accounting analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for cost accounting analyst
  • Month end book close
  • Review and provide month end accruals, amortization, depreciation
  • Deep dive analysis of entire overhead expenses of the company
  • Monthly reporting to department owners and provide variance analysis vis-à-vis budget
  • Review of balance sheet and post necessary journals
  • Interacting with auditors and resolution of audit queries
  • Providing financial analysis for a cost of sales lines with regards to purchase price variance, enterprise standard cost variance, excess & obsolescence
  • Forecasting financial results and tracking actuals for cost accounting lines
  • Technical/Engineer to Accounting liaison
  • Influence key stakeholders to drive change that aligns with the organization’s objectives
Qualifications for cost accounting analyst
  • Experience with SpreadSheet Server Designer Query is a plus
  • Individual motivated to grow and develop Manager-level skillset is desired
  • Career growth, recognition programs, development and continuous learning opportunities
  • Maintenance of inventoy master data
  • Goods in transit accounting
  • Calculation of purchase price variances
3

Cost Accounting Analyst Job Description

Job Description Example
Our innovative and growing company is looking for a cost accounting analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for cost accounting analyst
  • Perform special projects upon request
  • Support profitability reporting with accurate costing information
  • SAP Material Costing
  • Actual Costing Analysis
  • Prepare Monthly production reporting
  • Prepare Month End Closing metrics
  • Interact with Plant Accountants, Plant Engineers
  • May be expected to perform duties other than those specified within this description
  • Identifying and reporting key indicators of plant performance
  • Actively participating in the Annual Operating Plan and budget for North American Operations by developing, standard costs comparative analyses and developing required presentations to management
Qualifications for cost accounting analyst
  • Compilation of data for monthly and quarterly corporate reports
  • External audit requirements support
  • Ensure transactions are in compliance with company policy, IFRS or US GAAP and local
  • Compilation of data to measure customer service levels
  • Analyzes and explains variances between forecasts and actual results
  • Proficient using Microsoft Office suite particularly Excel, Access and Powerpoint with special focus on enhanced Excel skills
4

Cost Accounting Analyst Job Description

Job Description Example
Our company is searching for experienced candidates for the position of cost accounting analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for cost accounting analyst
  • Monitoring Inventory located on site and at 3rd Party Locations
  • Actively participating in Quarterly Forecasting
  • Actively monitoring all Cost of Goods Manufactured expenses
  • Assist as needed with other analysis ad­hoc projects
  • Partner with Store Managers, Loss Prevention and Retail Operations teams as necessary to ensure inventory controls are in place for the proper handling to prevent shrink and damages
  • Schedule and organize the companies’ three annual physical inventories
  • Manage and coordinate the physical inventories
  • Analyze and research physical count discrepancies
  • Research daily inventory adjustments between sub-ledgers (PKMS and IP)
  • Maintain monthly reporting store to store transfers and unsellable damages
Qualifications for cost accounting analyst
  • Exposure to Hyperion Financial Management software
  • Strong interpersonal skills with proven ability to build and maintain internal / exiternal relationships
  • Ability to work well as part in a team environment
  • Passion for problem solving and continuous improvement
  • Professionally present to large groups
  • Bachelor’s Degree in Finance, Accounting, or a related field required (or equivalent combination of education and experience)
5

Cost Accounting Analyst Job Description

Job Description Example
Our growing company is looking for a cost accounting analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for cost accounting analyst
  • Drives a strong cost focus across their business by Identifying cost efficiencies/opportunities for their business
  • Prepare and analyze cost accounting data and provide proper financial support to business partners and management
  • Maintain product costing for Tupelo Plant and OE programs
  • Contribute to plant manufacturing variance analysis and profit reconciliation
  • Analyze current product cost standards and variances on a monthly basis and support the annual standard setting process
  • Process freight claim payments and adjustments
  • Support the department in establishing, documenting and implementing new processes as needed
  • Process licensee vendor invoices and submit to account payables
  • Perform and coordinate interim physical inventories, factor studies, and sales cut off verification
  • Work with operations to provide analysis of inventory
Qualifications for cost accounting analyst
  • General accounting experience (strong internship experience is acceptable)
  • Experience with fully integrated SAP system or other ERP system a plus
  • 3 to 7 years work experience in a finance or accounting role
  • Ability to work in a team environment and be an active member of management staff
  • Ability to handle multiple tasks with high tolerance for interruptions and changing priorities
  • Must be dependable and available to work overtime when required

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