Cost Accountant at Ascentech Services Limited

Job Summary:

As a Cost Accountant, you will be a key member of the finance team, responsible for analyzing and managing cost-related activities, financial planning, and providing valuable insights to support strategic decision-making. Your role will encompass overseeing financial transactions, analyzing costs, budget preparation, and assisting in the implementation and maintenance of financial systems.

Key Responsibilities:

• Preparing Monthly MIS: Generate Monthly Management Information System (MIS) reports, highlighting key financial metrics and performance indicators.
• Preparing Monthly Budget: Assist in the preparation of monthly budgets and forecasts, comparing actuals to budgets to identify variances and trends.
• Month-End Closing: Coordinate and participate in the month-end closing process, ensuring timely and accurate financial reporting.
• LPGR & APGR Approvals: Review and approve LPGR (Local Purchase Goods Receipts) and APGR (Assets Purchase Goods Receipts) to ensure accurate recording of financial transactions.
• Approving All JV's: Validate and approve journal vouchers (JVs) to ensure accuracy and compliance with accounting standards.
• Forex: Monitor foreign exchange transactions and their impact on financials, providing insights to manage forex-related risks.
• Creation of Masters in ERP: Utilize the Orion system to establish and maintain cost-related master data, ensuring accurate and up-to-date information.
• Maintaining the Provisions: Manage and maintain provisions for various financial transactions and obligations.
• Inventory Matching and Valuation: Oversee inventory accounting, matching purchase orders with receipts, and ensuring accurate valuation.
• Training, Supporting, and Guiding the Team: Provide training and support to team members on ERP and accounting-related matters, fostering a knowledgeable and efficient team.
• External & Internal Audit Support: Collaborate with auditors during external and internal audits, providing necessary documentation and support.
• Analysis and Activity Analysis: Conduct in-depth analysis of financial data, cost drivers, and activity-based costing to identify opportunities for cost optimization and efficiency improvements.
• Supporting Other Departments: Collaborate with other departments, providing relevant financial information to assist in decision-making processes.
• Local Sales Approvals: Review and approve local sales transactions, ensuring compliance with company policies and financial guidelines.
• Fixed Asset Register ownership and updating on regular intervals along with FA verification and propose amortizations if any.

Requirements:

• HND/BSc in relevant discipline
• Minimum of 5-7 years of work experience in the related field.
• ICAN Certified.
• Proven experience as a Cost Accountant and expertise in MIS and month end closure.
• Proficiency in using financial software and ERP systems (e.g. Orion).
• Strong analytical skills and attention to detail.
• Excellent communication and interpersonal abilities.
• Ability to work collaboratively in a team-oriented environment.
• Familiarity with accounting standards and regulatory requirements.
• Advanced MS Excel skills.