Cost Accountant

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Cost Accountant Resume

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Charles Bloomberg
Chicago, USA
(621) 799-5548
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.
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.
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.
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.
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.
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
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