Title:  Senior Cost Accountant

Job Purpose

performs cost analyses and prepares cost reports, combines different data, and calculates profit margins per service.

Technical Accountabilities

Analyze cost variances and trends, investigate discrepancies, to provide accurate and timely cost reports to management

Monitor and evaluate product cost structure to identify cost-saving opportunities and make recommendations for cost optimization

Develop and maintain cost accounting methodologies, policies, and procedures to ensure accurate and consistent reporting

Collaborate with the procurement and operations teams to analyze inventory levels, lead times, and usage patterns to optimize inventory management

Administrative Accountabilities

Conduct periodic physical inventory counts to ensure proper valuation and accuracy of inventory records

Perform financial analysis to identify trends, risks, and opportunities, and provide actionable recommendations to improve financial performance

Support month-end, quarter-end, and year-end closing processes, to prepare of financial statements and supporting schedules

Identify areas for process improvement within the cost accounting function to implement best practices to streamline processes and enhance efficiency

Collaborate with cross-functional teams to develop and implement internal controls, ensuring compliance with accounting standards and company policies

Managerial Accountabilities

Measures

• Budget variance (BV)
•  Schedule variance (SV)
• Cost variance (CV)
• cost performance index (CPI),

Communication and working relationships

• Daily verbal/ written/ phone communication with all internal concerned financial managers.
• Ongoing external communication with partners & agencies

Job latitude / decision making authority

• Works with Cost Controlling Manager
• Works within defined policies procedures and work processes

Knowledge, skills and abilities (KSA's)

• BSc degree in Accounting, Finance, or relevant study.
• More than 5 years’ experience in Finance, minimum 2 years in costing.
• Certified Public Accountant (CPA) and/or Certified Management Accountant (CMA) is a plus
• Knowledge of SAP, Excel, Power Point, and Dashboards.
• Proficient in financial analysis, forecasting, and budgeting techniques

Competencies