Cost Accountant at VIBRANT WORKS

JOB SUMMARY: 

The Cost Accountant will be responsible for analyzing production and operational costs, inventory valuation, and cost variance reporting to support strategic decision-making and improve profitability. This role requires strong analytical skills and cross-functional collaboration with departments such as operations, finance, supply chain, and engineering to identify cost-saving opportunities and enhance overall efficiency. 

JOB FUNCTIONS AND RESONSIBILITIES: 

• Develop and maintain the standard cost system for materials, labor, and overhead; support forecasting and annual budgeting processes. 

• Collaborate with engineering to cost new products and ensure the accuracy of Bills of Materials (BOMs).Perform month-end closing activities and prepare detailed variance reports, explaining differences between actual and standard costs for materials, labor, and overhead. 

• Coordinate and conduct physical and cycle counts of raw materials, work-in-progress (WIP), and finished goods inventory. 

• Generate and communicate daily production, cost, and variance reports to management. Provide profitability analysis, identify cost drivers, and recommend cost-saving measures. 

• Partner with manufacturing, engineering, supply chain, and finance teams to resolve cost issues and drive operational efficiencies. 

• Analyze production methods and changes in raw materials to determine their impact on costs and identify opportunities for improvement. 

• Ensure accounting practices comply with Generally Accepted Accounting Principles (GAAP), particularly in relation to financial statements and inventory valuation 

• Be Limitless, Be Resilient, Be People Centered, Be a Team, and Be Trustworthy