The individual will be part of accounts team and will have responsibility for all financial planning and forecasting, control and SAP support within the organization. The individual is accountable for the analysis of ongoing processes, product costing, margin analysis. The cost accountant must also construct and monitor those cost-effective methods needed to provide an appropriate level of costing information to management.
1. MIS • Prepare MIS reports showing actual v budget with variances with respect to Production Department. • Send monthly reports to respective production sub-departments, showing actual budget and variances. • Prepare reports specifying/comparing factors affecting production cost and impact on product profitability. 2. Financial planning • Analyse information, forecasts sales against expenses and creates annual budget plans. Creates the annual operating budget for each business unit and at group consolidated level. • Provides analytical support during budget reviews to identify cost saving and productivity opportunities for each business. • Monitors actual sales against projected sales. Provides on-going analytical support by monitoring each business unit’s actual and projected sales. • Analyses differences between actual budget wages and forecasted wages for more efficient budget planning. 3. Accounting • Responsible for the accounting function, his is primarily responsible for all accounting transactions, reporting and internal control systems. • Provision of accurate and timely financial data reports and presentations as required by the business ensuring deadlines are met. • Ensure the balance sheet is properly reconciled with supporting documentation. Ensure the P&L account is accurate (e.g., costs are properly matched to revenue; costs are recorded in the proper accounts) and reflects the company’s performance on a monthly, quarterly and annual basis. • Creation of and compliance with Finance SOP’s. • Implements a system of appropriate internal controls to manage business risks across all businesses. Ensures a strong accounting and operational control environment to safeguard assets, improve operations and profitability. • Supervise the preparation of salaries and other payroll related functions. • Manage all insurance related matters relating to the Group.
4. Costing • Total accountability for all costing activities of the factory. • Development existing and implement improvements to costing system for all product categories. • Preparation of quarterly product costing report, detailing product profitability, customer profitability, customer analysis, etc. • Review, analyse and comment on product pricing/profitability, suggesting corrective actions to improve product profitability. • Prepare analysis of daily/weekly production and machine utilization report. • Prepare costing related analysis for RM usage, labour hour utilization. 5. SAP • Drive successful implementation of SAP and troubleshooting
• A fully qualified Chartered Accountant • Experience within a manufacturing industry in West Africa (ideally Nigeria) is preferable as well managing a multiple business unit business. • Fully conversed with managing and using intricate ERP systems – at a minimum full and extensive knowledge of Tally ERP9 and MS Excel (to Macro/Pivot table level) • Must have excellent interpersonal and communication skills (written and oral English) to ensure all communications across all levels of the organisation are clear, concise, transparent and easily understood. • Must be able to command respect from the senior management team; has the maturity and the leadership skills necessary for the position