Junior Cost Accountant at Afripoint Group Limited

Job Purpose

• The Junior Cost Accountant will support the costing and financial control functions of the company by collecting, analyzing, and reporting cost-related data.
• The role ensures accurate product costing, expense monitoring, and compliance with accounting standards under the Institute of Chartered Accountants of Nigeria (ICAN) framework.
• This position provides key support in decision-making related to pricing, budgeting, and cost efficiency.

Key Responsibilities
Costing & Product Analysis:

• Assist in preparing standard product costing and variance analysis.
• Collect, review, and verify data on material, labor, and overhead costs.
• Monitor inventory levels and support monthly stock valuation exercises.
• Assist in preparing landed cost calculations for imported goods (if applicable).

Budgeting & Forecasting Support:

• Support the preparation of annual budgets and periodic forecasts.
• Monitor actual costs against budgeted figures and report variances.
• Provide cost-related analysis to aid management decision-making.

Expense Monitoring & Control:

• Track departmental expenses and ensure they are within approved budgets.
• Maintain accurate cost records and ensure all expenses are properly allocated.
• Assist in implementing cost reduction initiatives and efficiency improvements.

Reporting & Documentation:

• Assist in preparing monthly cost reports, profitability analysis, and margin reviews.
• Ensure accuracy and completeness of all costing data and documentation.
• Provide costing information to support pricing strategies and business proposals.

Compliance & Audit Support:

• Ensure compliance with ICAN standards, IFRS, and company policies.
• Assist in preparing schedules and supporting documents for internal and external audits.
• Ensure timely filing of reports required by management and regulators.

Key Performance Indicators (KPIs)

• Accuracy and timeliness of cost reports and analysis.
• Variance between standard cost and actual cost.
• Efficiency of cost monitoring and expense tracking.
• Compliance with ICAN, IFRS, and company accounting policies.
• Contribution to cost savings and process improvements.

Job Requirements
Education & Certification:

• B.Sc./HND in Accounting, Finance, or related field.
• ICAN certification (ACA or in-view) is mandatory.

Experience:

• 1–3 years’ experience in cost accounting, management accounting, or finance.
• Experience in FMCG, food manufacturing, or production environment is an advantage.

Skills & Competencies:

• Strong knowledge of cost accounting methods, budgeting, and variance analysis.
• Proficiency in Microsoft Excel and accounting software (Sage, QuickBooks, SAP, or Tally).
• Analytical and numerical skills with high attention to detail.
• Strong organizational and time-management skills.
• Ability to interpret financial data and provide meaningful insights.

Personal Attributes:

• High level of integrity and accountability.
• Proactive, results-oriented, and eager to learn.
• Strong communication and interpersonal skills.
• Ability to work effectively under pressure and meet deadlines.

Work Conditions:

• Office-based role with frequent interaction with operations, procurement, and warehouse teams.
• May involve extended hours during month-end, year-end, or audit periods.