Cost Accountant at Bridgemead Consulting

Role Overview

• Oversee financial management, strategic planning, and risk management to drive business growth and profitability.
• The Cost Accountant meticulously tracks and analyzes all expenses while supporting strategic decision-making through financial insights.

Key Responsibilities

• Analyze and report financial performance.
• Prepare and review financial statements (balance sheet, income statement).
• Develop and maintain financial models and forecasts.
• Conduct variance analysis and identify areas for improvement.
• Develop and implement cost accounting systems.
• Track and analyze direct and indirect costs.
• Conduct cost-benefit analyses and recommend cost-saving opportunities.
• Develop and manage budgets.
• Prepare and review forecasts and analyze budget variances.
• Conduct sensitivity analysis and support financial planning.
• Develop and implement inventory management systems.
• Track and analyze inventory levels and recommend optimization strategies.
• Ensure compliance with accounting standards and regulations while identifying financial risks.
• Conduct special financial studies and analyses and implement process improvements.
• Provide financial support for strategic initiatives.
• Supervise and mentor cost accounting staff.
• Communicate financial results to management and non-financial stakeholders.
• Present financial information to senior management.
• Collaborate with other departments.

Key Performance Indicators (KPIs)

• Gross Margin Percentage > 60% per quarter
• Net Profit Margin > 60% per quarter
• Operating Expense Ratio < 10% bi-annually
• Material Cost Variance < 18% annually
• Overhead Cost Variance > 10% per quarter
• Inventory Turnover Ratio < 8% annually
• Inventory Accuracy < 89% annually
• Capital Expenditure (CAPEX) Variance < 5% per quarter
• Revenue Growth Rate > 95% per quarter.

Requirements/Qualifications

• Educational Qualifications: MSc, BSc or HND in Accounting.

Professional Certifications:

• Institute of Chartered Accountants of Nigeria (ICAN)
• Association of Chartered Certified Accountants (ACCA)
• Chartered Institute of Management Accountants (CIMA)
• Association of National Accountants of Nigeria (ANAN).

Experience Requirement:

• Minimum of 10 years relevant experience in accounting or financial management.
• Preferred Age Range: 40 – 50 years.