Accountant (Manufacturing) at Phillips Consulting

Description

The Cost Accountant will be responsible for overseeing and analyzing cost expenditures and purchases within the organization.

1. General

• Plan, implement and oversee day to day accounting operations
• Document Management Ensure all accounting and financial related documents are well captured, stored, and managed
• Monitor and analyse accounting data and ensure accuracy and timely postings
• Adhere to proper accounting methods, policies, and principles and ensure employees adhere as well
• Increase departmental accuracy and efficiency in postings, document management, and general accounting record.

2. Accounting Records

• Ensure that all transactions are captured with source documents & posted into the ERP Software
• Daily review of all postings to ensure that postings, reconciliations, and corrections are done daily and accurately.
• Post all end of month adjustments and ensure a clean close of the period
• Intercompany Accounts are posted correctly and all company accounts are well maintained.
• 99.99% accuracy in postings and record-keeping

3. Document Management

• Setup and manage an effective document management system for all Accounting related activities
• Ensure effective control of sensitive accounting and financial documents cheques, tax documents et

4. Asset & Warehouse Management

• Ensure that all Fixed Assets and Assets of the company are properly managed received, registered, depreciated properly, and accounted for
• Oversee the Inventory and Warehouse Officers to ensure that all assets are adequately managed.

5. Variance Analysis & Reporting

• Assist in coordinating BPL cost accounting, cost of sales analysis, product costing, Material variance report & variance analysis
• Maintain up-to-date and accurate production data including raw materials consumed in production quantity and downtime.
• Generate variance analysis of planned Vs actual activity rates and standard prices monthly and investigate variances.
• Plan standard product cost including the cost of activities for each month based on approved actual value for the previous month
• Allocate cost for central or joint expenditure to relevant cost centers in line with BPL cost allocation policies.
• Perform period closing and related activities for product costing
• Prepare detailed account analysis and reconcile sales, costing, and inventory liability accounts.

6. Inventory Management

• Coordinate inventory transfer and prepare product landed cost.
• Coordinate monthly and annual stock count exercises and generate variance reports for the management.
• Ensure timely submission, accuracy, and viability of inventory, gross margin schedules

7. Reporting & Budgeting

• Ensure Annual, Monthly, and Weekly Budgets are properly done.
• Ensure Annual, Monthly, and Weekly Budgets are properly done.
• Financial Projections and Planning Accurate reporting for Management,
• Cash Plan Weekly and Monthly
• Budgets
• Financial Forecasts
• Financial and Accounting Reports

8. Other Finance Functions

Perform all other functions as may be directed by the CFO/MD.
Requirements

• Proven experience in a Manufacturing Companies
• Experience as a Cost Accountant (3 years min)
• Experience in cost of sales analysis, product costing, Material variance report & variance analysis
• Hands-On ERP Systems Experience
• Experience in Inventory Management, Risk Management, and Auditing
• Good understanding of Inventory Management, Risk Management, and Variance Analysis.
• Good Knowledge of Cost of Sales Analysis and Product Costing
• Knowledge of Generally Accepted Accounting Principles & Cost Accounting Standard
• Work Expectations Swift turnaround time in the delivery of all deliverables (Letters 3hrs, Reports 8hrs, etc)

Abilities and skills

• Ability to research, compile, analyze and interpret data
• Excellent report-writing, communication, and IT skills
• Meticulous attention to detail with superb organizational skills
• Excellent analytical, reasoning, and problem-solving skills
• Proficiency in Office 365