Factory Management Accountant at Stresert Services Limited

Job Purpose

• The Factory Management Accountant is responsible for the analysis of plant performance, the review of performance reports to ensure that they are complete and accurate and also ensure that appropriate controls are applied to information provided by the plant on performance and on inventory of both Raw materials and supplies.

Job Summary

• General and management accounting
• Analysis of operational costs
• Budgeting and Budgetary Control
• Works imprest management

Main Activities/Responsibilities

• Performs detailed analysis of plant performance highlighting variances to key performance indicators and undertakes review of plant reports to ensure consistency of information with other reports e.g. monthly production reports, advance downtime analysis program (ADAP) reports, costing tool report etc.
• Undertakes root cause analysis to variances and presenting explanations to variances of key performance indicators compared to plan and advising management on corrective actions and enable decision making.
• Provides input to the Plant and Business Unit (BU) performance management cycle including budget/ monthly & quarterly forecasts to ensure that the business objectives are reflected in the same. Challenge and ensure clear action plans are in place to ensure validity of the planning processes to deliver budget, Performance Improvement Plans & strategic plans for the BU.
• Delivers timely and accurate reports required by the Plant and BU management that are compliant with financial accounting procedures and legal requirements. These reports include cost of production reports, fixed cost reports etc.
• Monitors the robustness of the plant control environment and drive any necessary corrective actions to ensure compliance with group policies and procedures. This involves close liaison with Internal Audit section on risk assessments and audit recommendations.
• Provide analysis to support decision making on plant investment project requests to ensure financial viability, consistency with BU strategy and plant improvement plans and compliance with group rules.
• Supports internal and external benchmarking with plants within and outside the business unit in order to identify best practices for implementation at the plant.
• Generate and review information in the group databases to ensure accuracy of inputs and as a benchmark with other plants.
• Evaluate and challenge stock replenishments which are determined by user departments and planning teams in maintenance and production/process.
• Track evolution of key stock balances and obtain explanations for significant movement in balances and exceptions while giving adequacy of provisioning.
• Coordinate monthly stock and closing meetings and report on status of action points and give update on evolution of balances.

Role Requirements
Education:

• Chartered Accountant (ACA, ACCA, ACTI )
• Bachelors Degree in Accounting
• 6 years experience as a Management Accountant in a manufacturing firm

Technical:

• Good knowledge of financial analysis
• Good knowledge of general accounting rules and processes applied in the company
• Knowledge of collective agreement and internal administration rules.
• Good computer knowledge, exposure to an ERP environment (At present, the Plant’s General ledger and the Inventory run on JDEdwards ERP while the staff Payroll runs on Human Manager) and advanced reporting tools and very good knowledge of Microsoft office applications.
• Basic knowledge of semi-finished and end products of processes from quarry to dispatch.
• High level of analytical and performance management skills and ability to pay attention to detail.
• Good project and change management skills.

Managerial:

• Good planning and organizational skills.
• Good reporting, communication and presentation skills.
• Ability to lead by example and foster effective team work
• Ability to mobilize people and inspire them towards a common ambition and better results
• The ability to take responsibility for one's own performance, by setting clear goals and expectations, tracking progress against the goals, ensuring feedback, and addressing performance problems and issues promptly.
• The ability to demonstrate support for innovation and for organizational changes needed to improve the organization's effectiveness.
• Faith in one's own ideas and capability to be successful
• The ability to develop, maintain, and strengthen partnerships with others inside or outside the organization who can provide information, assistance, and support