Cost Accountant

Job Purpose

• The Cost Accountant will be responsible for monitoring and analyzing the costs associated with the production and operations of the aluminum and copper recycling plant.
• The role involves ensuring cost efficiency, preparing detailed cost reports, and providing actionable insights to support financial and operational decision-making.

Key Responsibilities
Cost Analysis and Reporting:

• Analyze costs incurred in production processes, including raw material procurement, labor, and overhead.
• Develop detailed cost reports and variance analyses to monitor performance against budget.
• Provide insights into cost-saving opportunities and process improvements.

Inventory and Fixed Asset Management:

• Manage the valuation of raw materials, work-in-progress, and finished goods inventory.
• Ensure accurate cost allocation and reconciliation of inventory.
• Maintain and monitor the fixed asset register for the plant.

Budgeting and Forecasting:

• Collaborate with the finance and operations teams to prepare annual budgets and forecasts.
• Monitor and report variances between actual costs and budgets, providing explanations and corrective actions where necessary.

Cost Control and Optimization:

• Implement cost control measures and track their effectiveness.
• Conduct profitability analysis for different production lines and product categories.

Compliance and Internal Controls:

• Ensure adherence to accounting standards, company policies, and regulatory requirements.
• Establish and maintain robust internal controls related to costing processes.

Data Management and Reporting Tools:

• Develop and maintain cost accounting systems, tools, and reports.
• Utilize ERP systems for real-time cost tracking and analysis.

Collaboration and Support:

• Work closely with the production, procurement, and logistics teams to ensure accurate cost data.
• Provide support during internal and external audits by preparing cost-related reports and documentation.

Qualifications and Experience

• Education: Bachelor's Degree in Accounting, Finance, or a related field. A professional qualification e.g., ACA, ACCA, CMA is highly desirable.
• Experience: Minimum of 7 years of experience as a Cost Accountant or similar role, preferably in a manufacturing or recycling industry.

Technical Skills:

• Proficiency in cost accounting principles and practices.
• Strong knowledge of ERP systems e.g., SAP, Oracle and advanced Excel skills.
• Familiarity with industry-specific costing methods and inventory valuation techniques.

Soft Skills:

• Analytical mindset with excellent problem-solving abilities.
• Strong communication and interpersonal skills for cross-functional collaboration.
• Attention to detail and ability to manage multiple tasks effectively.