Cost Accountant Job Description Sample (+ Free Template)
Cost Accountants are responsible for determining actual costs for products and services - indicating which departments are most and least profitable. They are technically part of the finance or accounting team within a company or organization.
Cost Accountant Job Description Sample
We are seeking a Cost Accountant to collect and report on financial data and submit monthly reports on profit and loss for each department. The ideal candidate for this position will be detail-oriented, have strong communication skills, and the ability to report accessible information to management in a manner that allows them to make decisions about the business.
Cost Accountant Salary
A Cost Accountant earns between $53,000 and $98,000 per year. The median salary is $68,000 annually.
Cost Accountant Skills
- Math and statistics.
Cost Accountant Duties & Responsibilities
- Work with various departments on month-end closing reports.
- Analyze financial data across business units, prepare reports and make recommendations for areas of concern to management.
- Analyze and report on cost inefficiencies to reduce financial waste and increase profit.
- Assist with audits, inventory activities and general ledger preparation.
- Develop and maintain records for the company.
Cost Accountant Requirements
- Bachelor’s degree in Accounting or related required.
- CPA designation required.
- IASB accreditation required.
- Minimum 2 years of experience working in Cost Accounting (preferred).
- Solid understanding of accounting principles.
- Ability to work with a team, as well as independently.
- Advanced reporting, IT and communication skills.
Cost Accountant Job Description Template
Using a Job Description Template
Follow these instructions to use a job description template:
- Step 1: Replace the job title, job brief, duties and requirements, and optional work environment sections based on the information gathered from the team.
- Step 2: When the job description is finished, add an EEO (Equal Employment Opportunity) statement to the bottom of the job description.
- Step 3: Double-check the job description fits the needs of the team, company, and is approved by the Human Resources department. Proofread the job description. Then post on a job board.
Job Description Format
Follow the format below when writing a job description.
For more information on writing a job description, visit this resource.
Top Job Boards
Consider posting a job description or job advertisement (referred to as a "job ad") on one of the following national job boards:
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