Collecting and analyzing data related to an organization’s costs

Identifying cost-saving opportunities and implementing cost-reduction measures

Preparing budget reports and financial forecasts

Reviewing financial transactions and cost accounting to ensure accuracy

Monitoring project budgets and ensuring they are adhered to

Working closely with management to understand and control costs

Providing recommendations for cost efficiency to upper management

Coordinating and implementing audits to ensure compliance with financial regulations

Presenting cost analysis results to management and making recommendations

Develop and implement cost standards for materials and labor.

Design and implement cost control procedures.

Prepare budget and cost estimates for business lines.

Coordinate physical inventory counts and cycle counts.

Analyze production costs and recommend changes.

Update standard costs in the bill of materials.

Review actual costs for inaccuracies.

Validate the cost of goods sold as part of the month-end close.

Work with the finance team to complete monthly closings.