You are on MyJobMag Nigeria. Go to MyJobMag Nigeria instead.
  • Cost Accountant at Nigeria Machine Tools Limited (NMT)

  • Posted on: 8 January, 2019 Deadline: Not Specified
  • View Jobs in Engineering / Technical View All Jobs at Nigeria Machine Tools Limited (NMTL)
  • Subscribe to free job alerts
  • Nigeria Machine Tools Limited (NMT) is an end-to-end Engineering design, consulting, production and services company with extensive multi-plant capabilities. We are the leading manufacturer of machine tools and implements, machine accessories, mechanical spares and after sales support provider in West Africa. Our plant facilities, assembly and production capacities make us the preferred provider of some of the most complex spares, implements, machine tools and varied equipment services.

    NMTL is further engaged in the manufacture and production of industrial spare parts and integrity stud bolt and nuts, flanges for oil and gas, energy and power, iron and steel industries; manpower training in various engineering and technological fields, provision of after-sales and consultancy services; thus influencing the growth of up and down stream industries associated with machine tools. The company also manufactures and assembles agricultural tractors and implements under its proprietary BULL trademark.

    Cost Accountant



    The cost accountant’s responsibility will entail overseeing and analyzing cost expenditures and purchases within the organization. The cost accountant will review existing purchases and recommend new cost-efficient and financially feasible options, and oversee purchasing costs.


    • Carry out detail analyses of production cost (raw material, machine hour, man hour) and monitor same to ensure all cost or expenditure are captured and properly recorded.
    • Check all finished products or work in progress to determine actual production cost and report any detected variance to the management for appropriate decision.
    • Accurate prediction of relevant costs and time line for delivery of products to clients/customers.
    • Carry out regular market survey to determine the local and international materials cost and advise management appropriately e.t.c.
    • Analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost.
    • Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs.
    • Recording cost information for use in controlling expenditures.
    • Making estimates of new and proposed product costs.
    • Providing management with reports specifying and comparing factors affecting prices and profitability of products or services.
    • Maintaining Cost Accounting System.
    • Assisting in Month end close of General Ledger.
    • Conducts physical inventories and monitors cycle count program.
    • Reconciles finished goods inventories.


    • Minimum of 5 years of Cost Accounting in a Manufacturing Environment.
    • Bachelors Degree in Accounting.
    • Must have a strong cost accounting background and excellent analytical skills; sound understanding of Generally Accepted Accounting Principles (GAAP) for financial statements.
    • Professional certifications in ICAN/ACCA.
    • Computer Literate – Strong Excel skills and the ability to use Outlook and Word.
    • Experience with ERP Navision a plus.
    • Experience working with engineering and manufacturing personnel on development and analysis of cost standards.
    • Ability to accurately prepare daily, weekly, monthly, quarterly and annual reports


    • Accurate and precise, attention to detail.
    • Ability to multitask, prioritize, and manage time efficiently.
    • Problem Solving/Analysis.
    • Strategic thinking and strong execution skills.
    • Excellent verbal and written communication skills.
    • Strong interpersonal skills, maturity and ability to work in a team.

    Method of Application

    Interested and qualified candidates should forward a copy of their CV electronically to:

  • ❮ Back to All Jobs
  • Know more about Nigeria Machine Tools Limited (NMTL)Similar Jobs
  • Search for jobs by keyword
  • Secretary and Administrative Manager at Motorways Mazel
  • Job Openings at Stag Engineering Nigeria Limited
  • Fresh Jobs at Honda Motor Company Limited
  • HR Manager at MonuRent Nigeria Limited
  • Inventory Manager at Tekniteed Nigeria Limited
  • Personal Assistant at ZGM Investment Group of Companies Limited
  • GIL Automations Graduate Internship Scheme (GIS) 2019
  • Fresh Jobs at MonuRent Equipment & Service Solutions
  • Filter Jobs
  • State | Search by region instead




    Also include jobs without defined experience

    Job Title

Display your company or industry jobs on your website or blog Get Started
Send your application through

Yahoomail Gmail Hotmail