Cost and Budget Accountant 14 views

Budget Planning and Preparation
Prepare annual operating and capital budgets.
Coordinate departmental budget submissions.
Consolidate company-wide budgets.
Develop budget assumptions and financial forecasts.
Support strategic planning and budgeting exercises.
2. Budget Monitoring
Monitor budget utilization.
Compare actual results against budget.
Prepare monthly budget variance reports.
Identify overspending and recommend corrective actions.
Track departmental budget performance.
3. Cost Accounting
Calculate product and service costs.
Analyze direct and indirect costs.
Allocate overhead costs appropriately.
Monitor manufacturing and operational costs.
Maintain cost accounting records.
4. Cost Control
Review expenses for efficiency.
Identify opportunities for cost reduction.
Monitor wastage and inefficiencies.
Ensure expenditures comply with approved budgets.
Recommend cost-saving initiatives.
5. Financial Analysis
Perform profitability analysis.
Analyze cost trends.
Conduct break-even analysis.
Prepare financial performance reports.
Support management decision-making.
6. Reporting
Prepare:
Monthly Budget Performance Report
Cost Analysis Report
Variance Analysis Report
Departmental Budget Reports
Forecast Reports
Capital Expenditure Reports
Management Reports
7. Internal Controls
Ensure compliance with budget policies.
Verify approval of expenditures.
Maintain documentation.
Participate in internal audits.
Strengthen cost control procedures.

Education: BA Degree in Accounting and Finance and Related

Experience: 2-6 years related experience

Special Skill

IFRS

Auditing

Peachtree Bank Accounting