The Cost Accounting Associate is accountable for the ongoing analysis of the costing process, target costing, margin analysis, and tracing costs back to underlying activities: resources, labor, and variance analysis. Responsible for the financial accuracy of inventory valuation and maintain Fixed Assets system. Supports gathering additional information to management.
General Job Description:
Maintenance of Master Cost List and Master Product Costing excel sheets. • Bill of Materials (BOM) maintenance. • Assist in the calculation of new products cost. • Quarterly calculation of standard cost for raw materials and finished products. • Maintain and update standard cost tables in the system. • Analysis of financial side of Production Orders, compare to approved related BOM. • Review Report of Completion variances and recommend its accounting register. • Analyze profit margin per product and customer monthly and quarterly results. • Assist in the calculation of yearly cost budget and follow its execution, analyze variances. • CAPEX budget control. • Implementation of Fixed Assets information reporting system. • Cycle and Periodical counts and difference analysis. • Perform other duties as assigned, including special CEO Projects.
Work Experience Requirements:
Minimum 2-3 years’ experience in cost accounting. • Attention to detail with the ability to complete a large volume of work efficiently. • Team player with exceptional interpersonal and solution-oriented attitude. • Excellent verbal and written communication skills. • Ability to work under pressure and multitask as needed. • Main ERP experience and computer literate in Microsoft Office • Ability to prioritize workload to meet deadlines.
Bachelor’s Degree in accounting or related field preferred.
Previous Biotech or Pharmaceutical industry experience preferred.