COST ACCOUNTANT

Studying and collecting data to determine the costs of business activities, such as the purchase of inventory for the warehouse, spare parts, uniforms, and other items (except for fixed assets).

JOB SUMMARY:

In respect of all quick service restaurant brands, the incumbent is responsible for: studying and collecting data to determine costs of business activity such as purchase of inventory for: warehouse, spare parts, uniforms and other items, except for Fixed Assets; validating and recording spoilage and wastage of inventory; recording imported goods and reviewing entries to record local goods; conduct price reviews and produce sales mix analysis for the restaurant group.

EDUCATIONAL REQUIREMENTS:

Specific Knowledge Required To Start:

• Sound knowledge of EDP systems and their applications.
• Experience using AccPac accounting software and Microsoft Excel.

Qualification and Experience:

• ACCA Level 2 or Bachelors degree in accounting or equivalent.

PLUS

• 5 years' experience in similar capacity, preferably in a manufacturing environment;
• Ability to work within a cross-functional team environment and manage multiple tasks;
• Excellent organizational, analytical and communication skills with strong attention to detail.

KEY COMPETENCIES:

Functional/ Occupational Competencies:

• Ability to communicate effectively both in written and oral format.
• Ability to interpret financial and accounting data.
• Well developed skills and good judgment.
• Ability to display good interpersonal skills.
• Ability to function effectively in crisis situations.

Behavioural Competencies:

• Problem-solving and decision making skills
• Communication
• Interpersonal

Working Hours:

• Normal working hours from 8:30a.m. to 5:00p.m. Mondays to Friday.

Special Working Conditions:

• Traveling required to the various stores and events.
• Required to work beyond normal working hours when necessary to meet deadlines.

DUTIES AND RESPONSIBILITIES:

Technical / Professional responsibilities:

• Ensures the maintenance and integrity of the organization's accounting system by reviewing the: validity, documentation, and propriety of all accounting transactions that are related to function, in accordance with generally accepted accounting principles, the Accounting Policies and Procedures Manual, and resolutions of the Board of Directors.
• Produces import costing and records receipt for all imported goods (inventory, spare parts, uniforms, fixed assets, etc.)
• Review and post batches pertaining to local purchase order receipts / suppliers' deliveries to all Warehouse locations.
• Follow up with suppliers for inventory related debit/credit advices and record.
• Review/investigate open purchase orders in respect of area of responsibility and submit report to Financial Controller.
• Advises department heads, supervisor on compliance issues relating to the submission of documents for processing.
• Review transactions processed by inventory and billing clerks and correct.
• Produce monthly reconciliations of major suppliers' statements for the Quick Service Restaurant Group, except Restaurant Associates Limited and Life is Sweet Café Limited.
• Produces Coke (Wisynco) quarterly rebate claims for review and submission by the Head of Sales and Marketing.
• Develop, maintain and update product mix/cost build-up for all brands.
• Complete and accurate generation of pricing of new and existing products in respect of all brands for approval by the Financial Controller.
• Retrieves/validates/records/Maintains spoilage/wastage records.
• Analysis of warehouse receipt credit clearing general ledger account(s) and produce schedules.
• Record audit trail information in respect of invoices and other documents related to function.
• Participate in the physical inventory exercise.
• Conduct quarterly performance evaluation for direct report(s).
• Maintain physical and electronic records related to function.

Other responsibilities:

• Performs any other duties that may be assigned from time to time.

PERFORMANCE CRITERIA:

• The degree to which the financial and accounting budget management, and subsidiary operations objectives are achieved.
• The effectiveness of the control systems that have been implemented.
• The ability to formulate effective financial policies and procedures.
• Unusual activities and discrepancies are reported immediately to relevant officer(s).
• Key outputs/deliverables are produced within the agreed timeframe at required standards.
• Deadlines are consistently met.
• The degree to which the integrity of the control system is maintained.
• High confidentiality and integrity are exercised.
• Initiative and ingenuity is demonstrated on expediting functions.
• The policies, procedures and regulations of the organization are always adhered in the execution of duties.

AUTHORITY:

• Authorized to have restricted access to some of the organization's financial functions, records and control systems.
• Designs, recommends and implements effective control systems.
• Recommends disciplinary action.