Cost Accountants

Job Description

Title: Cost Accountants

Company Name: A Reputed Spinning mills

Vacancy: 1

Location: Dhaka

Published: 25 May 2025

Education:
∎ ICMA background, part qualified.
∎ ICMA background, part qualified.

Requirements:

Responsibilities & Context:
∎ Preparing monthly and quarterly accounting reports for submission to management
∎ Generating quarterly reports for senior management based on an inventory reserve analysis
∎ Suggesting changes to procedures and policies to increase the organization’s cash flow
∎ Analyzing organizational data and reviewing rates of labor, overhead and depreciation to recommend policy changes that may improve numbers
∎ Establishing the standard costs of products and services and updating them based on the associated expenses
∎ Assessing variable costs that change with production and fixed costs that remain constant to optimize cost structures.
∎ Creating budgets, incorporating marginal costs to forecast financial performance and advise on cost control.
∎ Tracking direct costs such as raw materials and labor directly associated with production, helping businesses understand product-specific expenses.
∎ Monitoring indirect costs, like overheads and administrative expenses, to assess overall financial health and allocate resources efficiently to control costs.
∎ Analyzing production costs and prepare reports that support the creation of the income statement, ensuring that all direct and indirect costs are accurately reflected to determine the company’s profitability.
∎ Conducting variance analysis by comparing actual costs to budgeted or standard costs, identifying reasons for discrepancies, and providing insights to management for cost control and operational efficiency.
∎ Valuation of inventory and production costs to ensure accurate financial reporting and compliance with accounting standards.
∎ Preparing monthly and quarterly accounting reports for submission to management
∎ Generating quarterly reports for senior management based on an inventory reserve analysis
∎ Suggesting changes to procedures and policies to increase the organization’s cash flow
∎ Analyzing organizational data and reviewing rates of labor, overhead and depreciation to recommend policy changes that may improve numbers
∎ Establishing the standard costs of products and services and updating them based on the associated expenses
∎ Assessing variable costs that change with production and fixed costs that remain constant to optimize cost structures.
∎ Creating budgets, incorporating marginal costs to forecast financial performance and advise on cost control.
∎ Tracking direct costs such as raw materials and labor directly associated with production, helping businesses understand product-specific expenses.
∎ Monitoring indirect costs, like overheads and administrative expenses, to assess overall financial health and allocate resources efficiently to control costs.
∎ Analyzing production costs and prepare reports that support the creation of the income statement, ensuring that all direct and indirect costs are accurately reflected to determine the company’s profitability.
∎ Conducting variance analysis by comparing actual costs to budgeted or standard costs, identifying reasons for discrepancies, and providing insights to management for cost control and operational efficiency.
∎ Valuation of inventory and production costs to ensure accurate financial reporting and compliance with accounting standards.

Employment Status: Full Time

Job Location: Dhaka

Apply Procedure:

Email your CV:
∎ Send your CV to the given email [email protected]

Company Information:
∎ A Reputed Spinning mills

Read Before Apply: Please apply only who are fulfilling all the requirements of this job

Application Deadline: 24 Jun 2025

Category: Accounting/Finance