Production / Factory Accountant at Rite Foods Limited

Location: Ososa, Ogun state

Job Purpose

• The Production/Factory Accountant is responsible for managing all factory-related accounting activities, ensuring accurate product costing, inventory valuation, manufacturing cost control, and financial reporting.
• The role partners with Production, Supply Chain, Procurement and Operations teams to provide timely financial insights, monitor manufacturing performance, optimize production costs, and ensure compliance with accounting standards.

Key Responsibilities

• Manage all factory accounting activities, ensuring the accuracy and integrity of manufacturing financial records.
• Prepare and maintain product costing, standard costing and cost allocation models for all production lines.
• Monitor direct material, direct labor and manufacturing overhead costs, identifying cost drivers and recommending improvement initiatives.
• Analyze production costs, yield variances, material usage and operational efficiencies, providing recommendations to management.
• Prepare daily, weekly and monthly production cost reports and management reports.
• Reconcile raw materials, work-in-progress (WIP), finished goods and production inventory with physical stock records.
• Ensure accurate inventory valuation in accordance with applicable accounting standards and company policies.
• Monitor inventory movements, stock adjustments, write-offs and obsolete inventory, ensuring appropriate financial treatment.
• Support month-end and year-end closing activities relating to factory operations, including journal entries, accruals and reconciliations.

Qualification

• First degree or its equivalent in Accounting, Finance, Economics or other related discipline
• Professional Certification, e.g. ACA, ACCA, CFA, etc. is required
• Minimum of 7 years’ relevant experience on similar role.

Required Skills & Competencies:

• Inventory Control and Management Skills
• Inventory Count, Analysis and Forecasting Skills
• Cost Accounting and Management Skills
• Knowledge of Accounting Standards, Principles and Concepts.