Cost Accountant at LOPTERRA

About the role

• The Cost Accountantis responsible for planning, developing, monitoring, and optimizing theinstitution’s cost and budget control strategies.
• The role ensures financial efficiency, supports resource allocation, and aligns operational spending with the strategic goals of the school.
• The Cost Controller will work closely with finance, procurement, academic units, and project teams to ensure robust financial management and cost accountability.

Key Responsibilities

• Develop and oversee the implementation of cost control systems, procedures, and policies.
• Participate in annual budget planning and mid-year budget reviews with departmental heads.
• Monitor departmental and project expenditures to ensure alignment with approved budgets.
• Evaluate and recommend cost-saving initiatives without compromising quality or academic integrity.
• Prepare periodic cost reports, forecasts, and variance analysis to aid decision-making.
• Analyse academic and administrative program costs to improve operational efficiency.
• Conduct cost-benefit analyses for major purchases, contracts, and new initiatives.
• Report financial performance indicators and KPIs relevant to cost control to management.
• Collaborate with procurement to evaluate supplier contracts, pricing, and cost structures.
• Review and assess purchase requisitions for cost effectiveness and policy compliance.
• Ensure efficient inventory and asset management practices to minimize waste and pilferage.
• Implement and monitor internal controls to prevent cost overruns, misuse, and financial inefficiencies.
• Ensure compliance with institutional financial policies and regulatory requirements.
• Support internal and external audit processes by providing accurate and timely cost-related data.
• Provide cost insights and recommendations for strategic planning and operational improvements.
• Support the financial assessment of strategic partnerships, donor-funded projects, and capital investments.
• Contribute to the development of pricing models for programs, conferences, and other commercial activities.

Requirements and Qualifications

• Bachelor’s degree in Accounting, Finance, Economics, or related field.
• Professional certification (e.g., ICAN, ACA, ACCA, CIMA) is required.
• 5–7 years’ experience in financial planning, cost control, or related roles, preferably in an academic or service-oriented environment.
• Females are preferred for gender balance.
• Strong experience with ERP systems, budgeting software, and advanced Excel skills.
• Excellent analytical and numerical skills.
• Strong attention to detail with a focus on accuracy.
• Solid understanding of cost control methodologies and financial reporting.
• Strategic thinking with the ability to interpret data and influence decisions.
• Strong communication and interpersonal skills.
• Integrity, accountability, and ability to work independently and within teams

Salary
N600,000 - N700,000 per month.