Cost Accountant Resume
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Charles Bloomberg
PROFESSIONAL SUMMARY
Experienced Cost Accountant with a strong background in financial analysis, cost control, and budgeting in high-volume manufacturing environments. Proven track record of improving cost efficiencies and streamlining operations using advanced accounting software and data analytics. Expertise in compliance, variance analysis, and inventory management.
PROFESSIONAL Experience
Cost Accountant | Company A
January 2020 — Present, Detroit, USA
• Developed and implemented a new cost allocation methodology, resulting in improved accuracy and transparency across $15M in annual production costs.
• Analyzed monthly financial data, identifying and rectifying cost discrepancies to improve the accuracy of forecasted expenses by 12%.
• Utilized SAP software to monitor and report on over 200 different cost centers, ensuring compliance with corporate budget guidelines.
• Directed quarterly inventory audits across multiple departments, reducing inventory variance by 8% through effective reconciliation processes.
• Collaborated with cross-functional teams to design and launch a cost reduction initiative that achieved a 5% reduction in overhead expenses within the first year.
• Analyzed monthly financial data, identifying and rectifying cost discrepancies to improve the accuracy of forecasted expenses by 12%.
• Utilized SAP software to monitor and report on over 200 different cost centers, ensuring compliance with corporate budget guidelines.
• Directed quarterly inventory audits across multiple departments, reducing inventory variance by 8% through effective reconciliation processes.
• Collaborated with cross-functional teams to design and launch a cost reduction initiative that achieved a 5% reduction in overhead expenses within the first year.
Financial Analyst | Company B
June 2017 — December 2019, Dearborn, USA
• Engineered comprehensive financial models to analyze and forecast quarterly performance, enabling a 10% increase in forecasting accuracy.
• Managed a team of 5 junior analysts, providing mentorship and training in cost accounting principles and financial reporting standards.
• Spearheaded a cost analysis project that identified $2M in potential savings through process improvements and strategic sourcing initiatives.
• Completed extensive variance analysis to ensure actual costs remained within a 3% threshold of budgeted costs, utilizing IBM Cognos software.
• Managed a team of 5 junior analysts, providing mentorship and training in cost accounting principles and financial reporting standards.
• Spearheaded a cost analysis project that identified $2M in potential savings through process improvements and strategic sourcing initiatives.
• Completed extensive variance analysis to ensure actual costs remained within a 3% threshold of budgeted costs, utilizing IBM Cognos software.
Cost Accountant | Company C
April 2014 — May 2017, Milwaukee, USA
• Monitored product cost variance analysis across 30 product lines, leading to a 6% reduction in cost variances through targeted cost-control measures.
• Implemented a new standard costing system that enhanced cost tracking and reporting accuracy, reducing monthly closing timelines by 3 days.
• Provided detailed cost-benefit analysis for proposed capital projects, influencing $5M in capital investments that aligned with corporate strategic goals.
• Implemented a new standard costing system that enhanced cost tracking and reporting accuracy, reducing monthly closing timelines by 3 days.
• Provided detailed cost-benefit analysis for proposed capital projects, influencing $5M in capital investments that aligned with corporate strategic goals.
Junior Cost Accountant | Company D
June 2011 — March 2014, Indianapolis, USA
• Assisted in the preparation and analysis of cost reports for over 50 production orders per month, ensuring data accuracy and compliance with GAAP standards.
• Supported senior accountants in annual budgeting processes, contributing to a 95% on-time completion rate for all budget submissions.
• Processed monthly expense allocations using QuickBooks, maintaining a consistent 99% accuracy rate in financial postings.
• Supported senior accountants in annual budgeting processes, contributing to a 95% on-time completion rate for all budget submissions.
• Processed monthly expense allocations using QuickBooks, maintaining a consistent 99% accuracy rate in financial postings.
Education
Bachelor of Science in Accounting | University of Illinois at Urbana-Champaign
May 2011
Expert-Level Skills
Cost Accounting, Financial Analysis, Budgeting, Variance Analysis, SAP, IBM Cognos, QuickBooks, Inventory Management, Forecasting, Data Analytics, Financial Reporting, Compliance, Process Improvement, Mentorship, Team Collaboration
