Cost Accountant

We're hiring a Cost Accountant

We are seeking a detail-oriented Cost Accountant to manage and analyze financial data related to the company’s operations. This role is responsible for determining the cost of business activities, including product costing, manufacturing analysis, inventory valuation, and gross profit margin assessment. The Cost Accountant will provide critical financial insights to the Financial Controller to support informed decision-making and recommend corrective actions for unprofitable products. Additionally, this role will contribute to the preparation of the annual budget and support initiatives to improve cost efficiency and profitability across the organization.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Analyze changes in the cost of raw and packaging material and any related cost with the aim of determining what effect it will have on the cost of products, and make recommendations to the Financial Controller, and other related Managers.
• Analyze manufacturing costs and prepare regular reports comparing standard cost to actual production cost and recommend corrective measures.
• Assist the Business Development Manager, New Product Officer, Marketing Manager, and Export Manager with cost and profitable margins of new products.
• Planning, evaluating, and collecting data to determine costs of business activity such as raw material purchases, inventory, and labour.
• Analyzing changes in product design, raw materials, manufacturing methods or services provided to determine effect on cost and margins.
• Provide the Financial Controller with a monthly report on factors that affect prices and profitability of products and recommend correction where necessary.
• Routinely analyze production over-head cost and labour cost and recommend corrective measures.
• Assist the Financial Controller in analyzing the monthly expense report and recommend areas for cost saving.
• Assist the Financial Controller in developing, documenting policies and procedures, including system requirements and internal controls relating to inventory.
• Daily processing of consumptions journals of raw and packaging material for each product as stipulated on production orders.
• Ensuring all related costs are associated with the relevant product before they are sold to customers.
• Assist in the supervision and coordination of the monthly, quarterly, and annual stock count.
• Maintain Cost Accounting System.
• Monitor physical stock valuation to ensure that the correct unit prices and balances are captured and that the ultimate composite valuation reflects a true and fair view of the overall inventory items on hand.
• Represent the Financial Controller at New Product Development Meetings in seeing to the formulation of profitable products

JOB REQUIREMENT/SPECIFICATIONS:

• Education : Degree in Finance, Accounting or Business Administration or ACCA II or equivalent.

Specific Knowledge :

• Cost and Financial Accounting.
• ERP System.
• Microsoft Office Suite.

Required Skills :

• Expertise in costing for fixed and variable cost in relation to the overall direct cost of a line of products.
• Proven time management skills and ability to work under strict deadlines.
• Respect for the confidentiality of information laws and local ethics.
• Computer literacy skills, especially with MS Excel, EPR System and IT.

· Work Experience : 3 - 5 years’ experience in a similar capacity.

· Personal Attributes : Analytical

• Initiative
• Honesty & Integrity
• Decisive