Job Description
The Cost Analyst is responsible for analyzing and reporting cost-related data to support effective decision-making and cost control within the organization. This role focuses on identifying cost drivers, monitoring variances, supporting budgeting and forecasting processes, and ensuring accurate allocation of costs to products, services, and departments. The Cost Analyst works closely with operations, finance, and procurement teams to provide insights that drive operational efficiency and profitability.
Job Scope:
- Analyze production costs, material usage, labor expenses, and overhead to ensure accurate costing.
- Monitor and investigate cost variances and provide explanations and corrective actions where needed.
- Support the development and monitoring of standard costs, bill of materials, and inventory valuation.
- Assist in monthly closing activities related to cost accounting, including journal entries, accruals, and recon...