Cost Accountant at Cedarcrest Hospitals

Ref No: CA00001

The Role

• Reporting primarily to the Finance Manager, the incumbent will be responsible for performing cost analysis and preparing budget reports, create detailed reports that present cost-effective solutions for the hospital.
• The incumbent will ultimately build updated databases and manage cost information to maximize profitability.
• The role holder must be proficient in computer skills, creating databases, and be able to help an organization to establish a stable budget within their specifications
• The role of the Cost Accountant involves preparing periodic cost forecasts, analysing and reporting profit margins.
• The responsibility also includes collecting cost information and maintain an expenses database.
• The incumbent will review services, record data and make recommendations about cost-efficient and financially feasible cost options.
• This role manages vast amounts of numerical data to calculate profit margins and recommend ways for an organization to minimize their costs.

Responsibilities  

• Provide management with reports that specify and compare factors that affect prices and profitability of products or services.
• Comply with Generally Accepted Accounting Principles (GAAP) for financial statements.
• Assist in audits and general ledger preparation.
• Coordinatee tariff preparation, adjustment, implementation and routine review
• Review receipts and compare with actual charges to detect inaccuracies
• Liaise with the procurement team to carryout routine price review
• Plan budgets and prepare reports for multiple departments within the hospital
• Develop and maintain the cost accounting system, documents and records for the hospital.
• Conduct inventory reserve analysis on a quarterly basis and generate reports for senior management.
• Project profit margins for upcoming quarters and analyse trends of highs and lows
• Review rates of depreciation, labor and overhead and suggest policy changes to improve numbers.
• Analyse month-end and year-end reports to identify and recommend cost-effective improvements
• Carryout project cost-benefit analysis and make necessary recommendations
• Establish standard costs and update them as appropriate.
• Analyse and recommend costs and cost savings.
• Respect for confidentiality of information laws and local ethics
• Prepare and complete internal cost audits.

Qualifications

• B.Sc degree in Finance, Accounting or Economics
• Professional certification with Chartered Management Accountant (CIMA),  ICAN etc is an added advantage
• 3+ years' experience in general accounting or cost accounting
• In-depth knowledge of accounting principles and best practices.
• Familiarity with accounting software programs, such as FreshBooks and QuickBooks.
• Computer literacy skills, especially with MS Excel and basic data entry and computation.
• Analytical skills with a keen sense of organization and detail.
• Proven time management skills and ability to work under strict deadlines.
• Respect for confidentiality of information laws and local ethics
• Expertise in activity-based costing for fixed and variable costs in relation to the overall direct cost of a line of productsBe confident, professional and meticulous with a keen interest in cost-efficient operations of the organization
• Knowledgeable on statistics
• Work comfortably under pressure and deliver on tight deadlines
• Excellent analytical and numerical skills
• Strong ethics, with an ability to manage confidential data
• General knowledge of acceptable accounting practices (GAAP)

Special Conditions:

• Employment is contingent on passing a medical screening conducted by the hospital
• Employee will be subject to various testing including but not limited to drug and medical testing throughout the tenure of their employment