Cost Accountant job description & role information

For employers looking to fill a Cost Accountant vacancy, the following sample position description can help you to attract the best candidates for the role. By tailoring this position description according to your company's specific job requirements, you have an excellent interview tool for comparison purposes.

For job seekers looking for a Cost Accountant role, this job description details what the role may involve and what skills and experience are required to give you the best chance of securing the position.

Role outline:

Typically reporting to the Financial Controller, Finance Manager or Plant Controller within the manufacturing and FMCG industries. A Cost Accountant is essential to manage the costs of supplied materials and production.

Typical job duties and responsibilities:

A Cost Accountant role can include a range of duties that can vary depending on the size and nature of the organisation. Typical responsibilities may include, but are not limited to:

  • Maintaining standard costs of raw materials, packaging, machines and finished goods

  • Producing monthly management accounts including material costs

  • Producing monthly profit and loss statements

  • Conducting analysis of all costs

  • Managing the budgets around all costing issues and providing variance analysis

  • Developing and maintaining accurate costing systems in relation to labour, production methods and material supply

  • Ensuring all costs are identified and recorded accurately

  • Stock reconciliations and co-ordination of stocktakes and cycle counts

  • Analysing the P&L and balance sheet accounts to understand the main cost drivers of the business

  • Play an active role in costing new products

  • Partnering with the business to determine and implement process improvements

  • Educating the Operational and Production teams on the management of costs

  • Understand Operational and Production software to ensure that costs are recorded accurately

Skills and attributes:

The more common skills and attributes that are most needed for this role may include:

  • Previous cost accounting experience

  • Ability to effectively communicate with non-finance staff, including those in the warehouse and factory

  • Excellent interpersonal and communication skills, both written and verbal

  • Strong attention to detail

  • Self-motivated and forward-thinking

  • Ability to work in a fast-paced environment with multiple stakeholders

  • Excellent working knowledge of computer software including Excel and other production/costing software and ERP systems

  • Relevant Accounting/Business or Finance degree

  • Currently studying for or completed CPA or CA

Salary guide:

$80 - 125K + Super

Career progression:

For hiring managers ready to recruit a Cost Accountant, download our job description template.

For job seekers who need to write or update their resume, download our resume guide and template.

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