Cost Accountant
Scraped from: Ethiojobs
Job description
Roles & Responsibilities • Coordinate the month-end count, variance analysis, and collection of justifications for reporting to management • Monthly reporting of production variance analysis to top management, followed by an investigation of gaps and corrective actions • Work closely with the operation team to understand and explain the main drivers of production variance • Prepare a weekly consumption report, compare actual cost to standards, and make recommendations for correction • Manage standard cost maintenance, variance analysis, and adjustments in consultation with production team and management • Report the fixed expenses for each line and recommend the best output depending on line efficiency. • Prepare and share the insurance report with the insurer on a monthly basis. • Offer financial assistance for major projects, new business initiatives, and product launches. Conduct financial due diligence and determine the potential return on investment for new initiatives. • Coordinate the annual budgeting process, from obtaining input from various departments to completing the final report. • Provide guidance on cost management and Identify and implement cost savings initiatives • Anticipate internal and/or external business challenges and/or regulatory issues • Prepare financial models to guide the company’s financial direction.