Cost Accountant at Neveah Limited

Role Overview:

• Track, analyze, and manage the plant’s cost structure by accurately capturing cost data, supporting budget planning, and driving cost optimization strategies. Ensure timely reporting of cost performance to facilitate operational efficiency and financial planning.

Key Responsibilities:

• Analyze production costs and provide variance analysis against budget and standard costs.
• Track raw material usage and reconcile input-output for monthly cost of production reports.
• Partner with production and store teams to ensure accurate bill of materials (BOM) and waste tracking.
• Support pricing decisions with cost-based models and margin analysis.
• Assist in monthly, quarterly, and annual closing processes relating to cost accounting.
• Maintain cost accounting records, ledgers, and documentation for audit purposes.
• Provide insights on cost-saving opportunities and recommend corrective actions.
• Monitor and control overhead allocations to different departments.
• Ensure compliance with internal controls and cost accounting best practices.

Qualifications & Experience:

• Bachelor’s degree in Accounting, Finance, or related field.
• ICAN/ACCA, professional certification is mandatory.
• Minimum of 6 years’ experience in manufacturing cost accounting, preferably in recycling or processing industries.
• Proficient in ERP systems, Microsoft Excel, and cost analysis tools.
• The job is open to all; However, women are also encouraged to apply to promote gender equality and balance.

Skills & Competencies:

• Strong analytical thinking and financial modeling.
• Excellent attention to detail and investigative skills.
• Ability to communicate insights clearly to both financial and non-financial teams.
• Understanding of manufacturing operations and cost behavior.
• Results-driven and process-oriented.

SMART KPIs:

• Cost Variance Reporting: Submit cost variance reports within 3 working days post-month-end close.
• Material Cost Accuracy: Maintain ≤2% variance between actual and standard material costs monthly.
• Wastage Reporting: Ensure 100% monthly waste tracking reports are submitted with root cause analysis.
• Cost Savings Initiatives: Recommend at least one cost-saving initiative per quarter with measurable impact.
• Compliance: Zero audit query related to cost accounting processes in internal/external audits.