Costing Analyst at Nestle Foods

Position Summary

Joining Nestlé means you are joining the largest Food and Beverage company in the world. At our very core, we are a human company driven by our purpose to improve the quality of life and contribute to a healthier future.

Nestlé Nigeria is currently looking to fill the position of a Cost Analyst who will provide support and expertise in cost/costing analysis.  Undertake research, interpret the results of analysis, and provide alternatives / recommendations for further consideration.

A day in the life of the Cost Analyst:

Cash Flow & Continuous Improvement

• Seek and support cost improvement opportunities, participate on project teams to ensure validation, review and proposed savings are accurately tracked.  Involved in daily activities associated with NCE in the factory environment.

Analysis

• Review daily, weekly, and monthly variances; analyze and investigate background.  Ensure data accuracy with regular checks; follow up with stakeholders to ensure correction of errors.  Discuss issues with operations department as necessary.
• Review and analyse actual Costs of Production (identify key drivers, provide analysis and explanation on results, provide insight on trends).

Reporting and Analytics                                                                                                                             

• Review and validate factory reporting of weekly actuals, including provision of this data for management meetings to ensure transparency of information.  Review and validate period end and year end close reports for the factory ensuring Nestlé financial policies, Accounting Standards and Costing Standards are followed.

Collaboration with CoC                                                                                                                             

• Collaborate with Costing Centre of Competence on operational activities such as Period End Close (PEC); Master Data; factory health checks and give inputs for the revision of Service Level Agreement according to new reality.

Strategic Evaluations

• Perform financial simulations, product costing & estimates.

Business Planning

• Coordinate and provide departmental inputs for factory cost budgeting, Active participation in Standard Cost Budget, Revision and Replacement Cost calculations as required.

Internal Controls

• Follow costing guidelines and associated standard operating procedures when generating financial documents and performing daily activities.
• Coordinate and Ensure Stock Taking are periodically taking place & Write-Offs are duly authorized to avoid misappropriation of goods and company assets.

Knowledge Transfer

• Prepare and publish financial KPI data on a regular basis; perform analysis of KPI data and transfer this knowledge of the key figures to the relevant stakeholders in order to promote understanding.

Compliance

• Perform routine audit activities within the factory to ensure compliance on critical areas e.g.) stock taking. Appropriately escalate business risks.                                    

What Will Make You Successful?

Academic Experience:

• B.Sc./HND Finance or Accounting.
• Professional Qualification such as ACA, ACCA will be an added advantage.
• Prior experience in Accounting or Costing, ideally within a factory or supply chain