Cost Clerks

What the job involves

• Calculates, analyses and investigates the costs of proposed expenditure, wages and standard costs
• Prepares bank reconciliations
• Allocates expenditure to specified budget accounts
• Summarises expenditure and receipts
• Prepares records of standard costs and values for items such as raw materials and packaging supplies
• Records cost variations and contract price movements
• Compiles cost data for preparation of operating budgets, and profit and loss calculations
• Investigates the costs of proposed expenditures, quotations and estimates
• Prepares reports of total costs, inventory adjustments and selling prices and profits

Key values of workers in Cost Clerks

• Independence

  Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy.

• Working Conditions

  Occupations that satisfy this work value offer job security and good working conditions. Corresponding needs are Activity, Compensation, Independence, Security, Variety and Working Conditions.

• Achievement

  Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.

• Recognition

  Occupations that satisfy this work value offer advancement, potential for leadership, and are often considered prestigious. Corresponding needs are Advancement, Authority, Recognition and Social Status.

• Support

  Occupations that satisfy this work value offer supportive management that stands behind employees. Corresponding needs are Company Policies, Supervision: Human Relations and Supervision: Technical.

Top skills required for workers in Cost Clerks

• Mathematics

  Using mathematics to solve problems.

• Speaking

  Talking to others to convey information effectively.

• Active Listening

  Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

• Critical Thinking

  Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.

• Judgment and Decision Making

  Considering the relative costs and benefits of potential actions to choose the most appropriate one.