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  • Finance Job Vacancy at ARM Limited

  • Posted on: 1 March, 2016 Deadline: Not Specified
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  • Asset & Resource Management Company (ARM) Limited was established in 1994, and has evolved into a leading asset management firm in Nigeria with a focus on asset management across a broad asset class.

    At ARM, our people are our main asset, and the quality of advice and solutions that they provide is the underlying reason that we are able to build and sustain lasting relationships. The quality and breadth of our client base speaks to the quality of our people.

    Cost Accountant


    Job description

    ARM Capital Partners, a wholly-owned subsidiary of Asset & Resource Management Company (ARM) Limited, is an institutional manager of PE funds. Currently, the Company is advising ARM PE Fund, a mid-market private equity fund, pursuing growth and expansion opportunities in Nigeria and, to a lesser extent, the rest of West Africa. ARM is recruiting on behalf of its Investee Company; Boulos Food and Beverages for a Cost Accountant.

    Boulos Food and Beverages(“BFB”) is a food and beverage manufacturing firm based in Ibadan, Nigeria. BFB manufactures and markets branded non-alcoholic drinks, evaporated milk and tomato paste products for the Nigerian market. The company is based in Ibadan, Oyo State.

    Job Summary

    •           To maintain effective costing system across all the company’s supply chain process
    •           To act as the costing expert and keeper of costing system for the organization
    •           To provide timely, accurate and complete product costing for management account
    •           Develop and enhance the cost accounting processes across the organization
    •           Identify cost reduction opportunity for the organization
    •           Documentation of cost accounting and inventory processes and procedures across the factories of the organization.

    Reporting Relationships

    •           Reports directly to the Head of Finance
    •           Interact with the commercial team
    •           Interact with the factory team and other supply chain team

    Principal Accountabilities:

    I.         Maintain accurate and timely costing across all aspects of the production process and ensure that these consistently reflect the true picture. Ensure cost data is allocated correctly and take corrective action to resolve issues
    II.        Ensure that the Bill of Materials reflect correct usage levels and support investigations of any major variances with a view to resolution
    III.       Ensure that the material costs give an accurate picture of current costs, taking into account stock levels on hand
    IV.       Coordinate and ensure effective month end close activities for both manufacturing and other supply chain activities
    V.        Effective analysis of material price variance between  the budget and  actual
    VI.       Review current cost accounting processes/ controls and continuously seek to enhance the same
    VII.     Document cost accounting and inventory processes/ procedures
    VIII.    Prepare relevant and actionable monthly reports
    IX.       Ensure proper allocation of costs and variances into finished products.

    Desired Skills and Experience


    •           Accounting or Finance Graduate ;
    •           Qualified Accountant (ICAN, ACCA) with 5-7 years relevant experience;
    •           Advanced computer skills specifically in Microsoft Excel and ERP Systems.

    Technical/Professional Experience:

    •              FMCG manufacturing experience required
    •           Costing and stock accounting experience required
    •           High volume multiple production environment with a proven track record of getting results
    •           Must have strong analytical skills with particular attention to detail
    •           Be self-motivated and self-directed, able and willing to take initiative
    •           Have considerable interaction and involvement with all levels in other departments
    •           Have an ability to work independently with attention to detail and the ability to work on multiple projects at a time is essential
    •           Must be able to respond  to changing circumstances.

    Method of Application

    To apply for this position, visit ARM's Job Post on LinkedIn

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