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Cost Accountant (1073195)

Location: Catoosa, OKSalary: $60,000.00 USD Annually - $70,000.00 USD AnnuallyDescription: Our manufacturing client is seeking a Cost Accountant who will be responsible for managing and analyzing production costs to ensure financial efficiency and profitability. They will calculate and analyze direct labor, material, and production costs, and report variances to management. They will also maintain inventory valuation, conduct physical inventory counts, and resolve discrepancies. Additionally, they will prepare budgets and cost forecasts, generate detailed reports on cost performance, and ensure compliance with financial regulations. You will continuously improve cost accounting processes and collaborate with supply chain, production, and finance teams to support cost-related matters.This Job Will Have The Following Responsibilities• * Plans study and collects data to determine costs of business activity such as raw material purchases, Inventory, and labor.• Analyzes data obtained and records results.• Analyzes changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on costs.• Analyzes actual manufacturing costs and prepares periodic report comparing standard costs to actual production costs. Records cost information for use in controlling expenditures.• Analyzes audits of costs and prepares reports.• Compiles cost information to be used in operating budget preparation.• Makes estimates of new and proposed product or service costs.• Recommends cost efficiencies in new product layouts.• Provides management with reports specifying and comparing factors affecting prices and profitability of products or services.• Develops and installs cost accounting system.• Appraises and evaluates real property or equipment for sale, acquisition, or tax purposes.Qualifications & Requirements• * A Bachelor’s degree in the Accounting, Business or Finance is required;• Three (3) years of Cost Accounting experience required;• Regular attendance, ability to arrive at work punctually, and the ability to work on–site.• Ability to work cooperatively with others, ability to deal respectfully with the public, customers, vendors, other employees, managers, and executive management.• Ability to perform multiple tasks concurrently, ability to work in a fast-paced environment, ability to interchange with others in the department.Contact: apatt@judge.comThis job and many more are available through The Judge Group. Find us on the web at www.judge.com

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$70000 / ANNUAL (est.)
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$65K
$75K

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What You Should Know About Cost Accountant (1073195), The Judge Group

Are you ready to take your career to the next level as a Cost Accountant with an innovative manufacturing company in Catoosa, OK? This role is key to managing and analyzing production costs to ensure that every dollar counts. You’ll dive into the nitty-gritty of calculating and analyzing direct labor, material, and production costs, and your insights will be vital when it comes to reporting variances to management. With a focus on financial efficiency and profitability, you'll maintain inventory valuation, conduct physical inventory counts, and resolve any discrepancies that pop up along the way. You’ll also get to flex your budgeting muscles by preparing budgets and cost forecasts while generating detailed reports on cost performance. Collaboration is at the heart of this role, as you’ll team up with supply chain, production, and finance departments to support all things cost-related. If you're a proactive problem solver with at least three years of Cost Accounting experience and a Bachelor's degree in Accounting, Business, or Finance, this position offers an exciting opportunity to make a real impact. So, if you’re detail-oriented, able to juggle multiple tasks, and ready for a fast-paced work environment, this might just be the perfect fit for you!

Frequently Asked Questions (FAQs) for Cost Accountant (1073195) Role at The Judge Group
What responsibilities does a Cost Accountant have at the Catoosa, OK location?

As a Cost Accountant in Catoosa, OK, you'll be responsible for analyzing production costs, maintaining detailed records of labor and material expenses, and preparing reports that compare standard costs against actual costs. Additionally, you'll conduct physical inventory counts, resolve discrepancies, and provide management with actionable insights into cost performance.

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What qualifications are needed for the Cost Accountant position in Catoosa, OK?

To qualify for the Cost Accountant role in Catoosa, OK, candidates must hold a Bachelor’s degree in Accounting, Business, or Finance, and possess a minimum of three years of experience in cost accounting. Regular attendance and the ability to work on-site are also crucial, along with strong interpersonal skills.

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How does the Cost Accountant role impact profitability at the manufacturing company in Catoosa, OK?

The Cost Accountant plays a critical role in enhancing profitability by providing accurate cost analyses and forecasts that inform decisions on pricing, budgeting, and resource allocation. By identifying cost-saving opportunities and ensuring efficient use of resources, you’ll directly contribute to the company’s bottom line.

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Is there room for career growth as a Cost Accountant in Catoosa, OK?

Absolutely! The Cost Accountant position in Catoosa, OK not only offers a chance to refine your skills in a dynamic environment but also provides opportunities for career advancement into higher finance roles or specialized areas within cost accounting, depending on your interests and performance.

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What is the expected salary range for the Cost Accountant role in Catoosa, OK?

The salary for the Cost Accountant position in Catoosa, OK ranges from $60,000 to $70,000 annually, depending on your experience and qualifications. This competitive compensation reflects the importance of the role in achieving financial efficiency for the company.

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Common Interview Questions for Cost Accountant (1073195)
How do you analyze costs and prepare reports?

When discussing your approach to cost analysis and reporting, highlight your familiarity with various accounting software and your method of gathering data. Explain how you ensure accuracy in your reports and how you communicate findings to management to support decision-making.

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Can you describe a time you identified a cost-saving opportunity?

Use the STAR method (Situation, Task, Action, Result) to share a specific example. Explain the situation, what your task was, the actions you took to analyze costs, and the positive outcomes that resulted from your recommendations.

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What would you do if you found discrepancies during an inventory count?

Focus on your problem-solving skills. Explain that you would first ensure the accuracy of the data collected, then investigate the source of the discrepancies by comparing records and conducting interviews with relevant personnel.

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How do you stay updated with cost accounting regulations?

Discuss your commitment to continuous learning, whether through professional organizations, attending seminars, or taking online courses. Mention how staying informed helps you ensure compliance with financial regulations in your role as a Cost Accountant.

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How do you prioritize multiple tasks in a fast-paced environment?

Share your strategies for prioritizing tasks, such as using a task management system or setting deadlines. Emphasize your ability to adapt to changing priorities while maintaining a focus on high-impact deliverables.

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Explain your experience with budgeting and cost forecasting.

Highlight specific tools or methodologies you've used in budgeting and forecasting. Discuss any successful forecasts you made, especially those that led to significant cost savings or improved accuracy in financial reports.

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What steps do you take to ensure accurate inventory valuation?

Discuss your understanding of inventory valuation methods, such as FIFO and LIFO. Explain how you conduct periodic counts and reconcile discrepancies to maintain accurate records, reflecting on the importance of truthful inventory evaluation.

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Describe a successful team project you participated in.

Use this question to illustrate your teamwork skills. Discuss how you contributed to the project, your role within the team, and the final outcomes—focusing on how collaboration improved cost management or led to a successful result.

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How do you assess and implement new cost accounting systems?

Talk about your experience assessing existing systems and the criteria you consider for new implementations. Reference your ability to collaborate with IT and management to ensure that new systems meet organizational needs effectively.

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What do you think is the biggest challenge facing Cost Accountants today?

Consider discussing the impact of technology on cost accounting and the need for continual adaptation. Speak about the importance of integrating new technologies and the potential for automation to improve efficiency and accuracy.

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Working at the crossroads of people and transformative technologies, The Judge Group delivers innovative business solutions—powered by top talent—to match your strategic goals, so you can realize opportunities now and in the future.

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Full-time, on-site
DATE POSTED
December 19, 2024

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