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Job Description

  • Collect cost information and maintain an expenses database
  • Construct data accumulation systems
  • Determine fixed costs (e.g. salaries, rent and insurance)
  • Plan and record variable costs (e.g. purchases of raw material and operations costs)
  • Review standard and actual costs for inaccuracies
  • Prepare budgeting reports (for the company and for each department)
  • Analyze and report profit margins
  • Prepare (monthly, quarterly and annual) cost forecasts
  • Assisting in month-end and year-end closing
  • Identify and recommend cost-effective solutions.
  • Recommending changes to the company’s processes and policies to reduce cost and maximize profit.
  • Setting standard costs of manufactured goods