1. Plan, organize and direct all the activities of the cost accounting function
2. Manage day to day operations of the existing cost accounting function from management of current rates to monthly close and analysis
3. Develop new, robust processes to drive productivity in the cost accounting function
4. Perform the monthly closing activities including preparation of the cost to operate statement along with supporting analysis
5. Assist with the coordination and deliverables for quarterly reviews and annual audits performed by internal and external auditors
6. Prepare ad hoc reporting and analyses and assist team with research on cost accounting questions and assist with special projects as requested.
7. Proactive analysis of variances and communication of issues and opportunities to operations management
8. Develop metrics and tracking system for major cost drivers
9. Define policies and procedures for all cost accounting activities
10. Measure the performance of the lines, plants, product geographies & customers using key data
11. Support to product mix, customer mix & related business decision to optimize the operational profitability.
12. Set up standard costing, variance analysis & contribution systems
13. Responsible for costing, inventory management, and coordination of all activities with other departments such as operation and supply chain
14. Collect cost information and maintain an expenses database
15. Construct data accumulation systems, determine fixed costs (e.g. salaries, rent and insurance)
16. Plan and record variable costs (e.g. purchases of raw material and operations costs)
17. Review standard and actual costs for inaccuracies
18. Analyse and report profit margins and Prepare budgeting reports (for the company and for each department)
19. Communicate areas of potential improvement to production managers
20. Ensure all cost and inventory transactions have been done correctly as per Accounting Standards and compliance with local tax laws
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