Job Description
Responsibilities:
Cost Accounting and Analysis:
• Maintain accurate costing systems for products and processes.
• Monitor standard costs vs. actual production costs; analyze variances and report findings.
• Support product pricing decisions through cost analysis.
Inventory and Production Cost Management:
• Track and value raw materials, work-in-progress (WIP), and finished goods.
• Reconcile inventory records with physical counts; investigate and resolve discrepancies.
• Support monthly and annual stock-taking exercises.
Budgeting and Forecasting:
• Assist in preparing factory operational budgets and forecasts.
• Monitor budget performance and identify cost overruns or savings opportunities.
• Support management with variance analysis and cost projections.
Financial Reporting and Compliance:
• Prepare factory-related financial reports and performance dashboards.
• Ensure compliance with internal controls, accounting policies, and statutory regulations.
• Liaise with auditors during internal and external audits.
Payroll and Labor Cost Monitoring:
• Collaborate with HR and production to ensure accurate recording of labor costs.
• Analyze labor efficiency and its impact on production cost.
Fixed Assets and Capital Expenditure:
• Monitor capital investments in the factory, including machinery and infrastructure.
• Maintain accurate fixed asset registers and depreciation schedules.
Cross-functional Collaboration:
• Work closely with production, procurement, stores, and logistics teams to ensure cost efficiency.
• Participate in operational meetings to provide financial insights and data-driven recommendations.
Requirements:
• Bachelor's degree in Accounting, Finance, or a related field.
• Professional accounting certification (e.g., ICAN, ACCA) is a strong advantage.
• 3-5 years of experience in a manufacturing or production accounting role.
• Experience with cost accounting, ERP systems, and inventory control.
Skills:
• Strong analytical and problem-solving skills.
• Proficiency in Microsoft Excel and accounting software (SAP, Sage, QuickBooks, etc.).
• Good communication and interpersonal skills.
• Detail-oriented with a hands-on approach.
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