Cost Accounting Analyst

As a Cost Accounting Analyst at Philips, you will play a crucial role in ensuring the financial success of our company. With your expertise in cost analysis and accounting principles, you will be responsible for monitoring and analyzing the costs of our operations, identifying areas for cost optimization, and providing valuable insights to support decision-making. We are looking for a detail-oriented and analytical individual who is passionate about driving financial efficiency and has a strong understanding of accounting processes. If you are looking for a challenging and rewarding opportunity to make a significant impact in a dynamic and innovative company like Philips, we would love to hear from you.

1. Monitor and analyze the costs of Philips' operations to identify areas for cost optimization.
2. Utilize accounting principles and methods to accurately track and report on costs.
3. Provide valuable insights and recommendations to support decision-making related to cost management.
4. Maintain accurate and up-to-date records of all cost-related data.
5. Collaborate with cross-functional teams to gather relevant cost data and identify opportunities for cost reduction.
6. Conduct regular cost audits to ensure compliance with company policies and procedures.
7. Develop and implement cost control procedures to improve financial efficiency.
8. Prepare and present regular reports on cost analysis and make recommendations for cost reduction strategies.
9. Stay up-to-date with industry trends and best practices in cost accounting to continuously improve processes and procedures.
10. Collaborate with other departments, such as finance and operations, to ensure accurate and timely reporting of cost-related data.
11. Assist in budgeting and forecasting processes by providing insights on cost trends and projections.
12. Identify and communicate potential risks and opportunities to senior management.
13. Maintain a strong understanding of accounting processes and ensure compliance with all relevant regulations and standards.
14. Act as a subject matter expert on cost analysis and provide training and support to other team members as needed.
15. Contribute to the overall financial success of the company by driving cost efficiency and identifying opportunities for cost savings.

According to JobzMall, the average salary range for a Cost Accounting Analyst in Cambridge, MA, USA is $65,000 to $85,000 per year. However, this can vary depending on factors such as experience, education, and the specific company or industry. Some companies may offer higher salaries for this role, while others may offer lower salaries. It is best to research the specific company and industry to get a more accurate salary range.

Royal Philips is a health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. The company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care.