Cost Account Officer (Manufacturing Sector Experience) at Givanas Cosmetics NIg Ltd

Core Responsibilities
Financial Policy Formulation & Development:

• Assists in formulation and design of financial policies/ planning for effective Balance Sheet management and efficient utilisation of financial resources.
• Assist in the formulation and designing of fees and/or pricing structure/ mechanism for products and services offered by the Company.

Costing:

• Prepares briefing notes for the Factory Accountant outlining methodologies and assumptions used in costing practices.
• Works with the finance team to implement and apply cost accounting policies and procedures as they are derived.
• Performs cost analysis to support the operations.
• Analyses changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on costs; completes monthly cost variance analysis.
• Creates, implements and monitors the costs for new items.
• Assists service review processes with cost intelligence.
• Provides information to support key strategic decisions and provide advice and guidance on the implications of business decisions.
• Ensures that the costing system supports the VAT.

Accounting:

• Accounting Provides schedules, support, and analytics for year-end financial audit.
• Conducts balance sheet reviews on assigned accounts and integrate related findings and actions into financial closing and forecasting processes.
• Preparation of required budget schedules.
• Prepares monthly variance analysis to support accurate and timely reporting of monthly actuals to various internal customers.

Financial Reporting:

• Prepares monthly reports as required by the Factory Accountant.
• Assists in preparation of monthly management accounts and budget-holder reports and reports on these identifying and explaining any significant trends or variances.
• Prepares financial reports on costing and performances as needed.

Qualification and Experience

• Bachelor's degree in Accounting and other related field
• Qualified Accountant (ACA, CIMA, CIPFA or ACCA).
• Minimum of 3 to 5 years accounting experience; cost accounting preferred
• Excellent IT skills including advanced Microsoft Excel skills
• A proven record of communicating complex financial issues and models in a clear-cut, concise manner to all relevant stakeholders.
• Manufacturing sector experience is compulsory.