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

  • Detail-oriented.
  • Math and statistics.
  • Communication.
  • Analytical.

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

Cost Accountant Job Description Template

Job brief
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.

Duties and 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.
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 decription free template and download

Cost Accountant Job Description Template

Download our job description template in Word or PDF format. Instant download. No email required.

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Using a Job Description Template

Follow these instructions to use a job description template:

Job Description Format

Follow the format below when writing a job description.

Job Title:
[Job Title]

[Job Summary/Job Brief]

Responsibilities and Duties:
  • [List 4-5 essential functions of the job role]
Requirements:
  • [List 5+ qualifications including education level, experience level, key skills, and expectations of the job function]
(Optional) Work Environment:
  • [LIst 2-5 characteristics, traits, and other requirements of the role]
  • [If physical requirements are necessary, include reasonable accommodation details]
This role and job position will report directly to [Job Title] who leads [Department Name].

For more information on writing a job description, visit this resource.

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author: patrick algrim
About the author

Patrick Algrim is an experienced executive who has spent a number of years in Silicon Valley hiring and coaching some of the world’s most valuable technology teams. Patrick has been a source for Human Resources and career related insights for Forbes, Glassdoor, Entrepreneur, Recruiter.com, SparkHire, and many more.

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