COST ACCOUNTANT

Role Overview

Cost Accountant at Napco National.

Role Purpose

To manage cost accounting operations, analyze production and operational costs, prepare accurate financial reports, and provide insights to support profitability and strategic decision-making across the organization.

Key Responsibilities

Cost Analysis & Reporting

• Analyze actual production costs and prepare periodic reports comparing standard costs to actual costs.
• Analyze changes in product design, raw materials, manufacturing methods, or services provided to determine effects on costs.
• Prepare estimates of new and proposed product or service costs.
• Prepare costing sheets (landed cost) for Foreign Purchase Orders.
• Determine per-unit cost through cost accounting methods.
• Record cost information for use in controlling expenditures.
• Apportion costs between units of production and management.
• Review costs and take corrective actions to ensure profitability.

Inventory & Operations

• Monitor inventory transactions and reconcile accounts with the general ledger.
• Lead and manage inventory review processes.
• Consolidate cost of manufacturing for payroll and distribution of inventory accounts.
• Manage insurance files (PAR) and related monthly declarations.
• Analyze overall plant efficiency, effectiveness, and utilization.

Financial Management & Reporting

• Perform monthly closing activities related to cost accounting, including cost statements and analysis.
• Prepare monthly journal entries as required.
• Develop monthly financial and operational reports for executive leadership.
• Report and analyze operational metrics and KPIs (Key Performance Indicators).
• Provide management with insights on pricing and profitability factors.
• Analyze financial results to support strategic decision-making.
• Perform provision and analysis for quarantine items (inventory and capex).

Process & Project Management

• Recommend cost efficiencies in new product layouts.
• Initiate, plan, execute, monitor, and close projects effectively.
• Develop and implement project metrics and measurement systems.

Skills & Competencies

• Strong communication skills with the ability to deliver information clearly, concisely, and effectively both verbally and in writing.
• Ability to monitor, collect, and analyze data from multiple sources and prepare accurate reports.
• Proficiency in using both national and foreign languages, spoken and written.
• Strong organizational and planning skills to manage work and project activities efficiently.
• Ability to effectively use standard equipment, office automation systems, software, and related accounting systems and ERP.
• Skilled in gathering and analyzing data, responding to complex situations, and developing innovative solutions.

Additional Information

• Ability to understand the NFP business environment, objectives, and apply internal policies and procedures effectively.