Analyze and interpret cost data, preparing reports to pinpoint areas of cost reduction and efficiency gains, providing actionable insights for management.
Oversee inventory valuation and control, ensuring accuracy in inventory records and implementing strategies to minimize obsolescence and shrinkage.
Conduct monthly, quarterly, and annual closing activities, including the preparation of journal entries, reconciliations, and financial statements related to cost accounting and inventory.
Develop and maintain standard costs for materials, labor, and overhead, and analyze variances to identify and address discrepancies.
Manage and reconcile inventory transactions, including receipts, issues, and adjustments, to maintain accurate inventory levels.
Participate in physical inventory counts and cycle counts, investigating and resolving any discrepancies found.
Collaborate with production, purchasing, and sales teams to gather data and provide costing information for decision-making.
Develop and implement inventory control procedures and policies, ensuring adherence to best practices and regulatory requirements.
Prepare cost analyses for new products, projects, or processes, providing valuable information for pricing decisions and profitability assessments.
Support internal and external audits, providing necessary documentation and explanations related to cost accounting and inventory.
