Cost Accountant (Location: Emali)

REPORTING RELATIONSHIPS

Reports to: Group Inventory Manager

Direct Reports: Inventory Officers

Internal Relationships: Supply Chain, Operations, Finance, Admin

External Relationships: External Auditors, SAP Consultants

ROLES AND RESPONSIBILITIES

Cost Analysis and Management

Participates in month-end closing activities including analysis of COGM, COGS and inventory journal entries and reconciliations.

Conducts month-end stock taking exercise of all inventory items and generate variance report.

Provides support to operation team in the analysis of materials usage variances.

Creates and maintain cost estimates for finished and semi-finished goods in SAP.

Make use of physical inventory process in SAP to update stock variance after approval.

Partners with financial planning and analysis and operations teams to coordinate budgeting and forecasting, including materials, labour and overhead expense forecasting, standard cost setting, etc.

Reconciles daily production and materials usage variance with production, QC and planning team.

Assists in setting up yearly standard costs estimates including material, labour and overhead rates.

Review actual overhead absorbed into finished products and compare with planned overhead monthly.

Evaluates and compares standard costs with actual costs in SAP to ensure accuracy of the data.

Monitors price and production variances and proposes standard cost updates.

Maintains and improves processes and controls associated with manufacturing costs and inventory valuation

Carry out cost roll-up whenever the bill of materials is updated, new products are introduced or when there is a change in the components of the bills of materials.

Monitors all inventory prices in the material ledger and reports any abnormality.

Prepares maintenance cost analysis report monthly.

Other tasks as may be assigned.

Inventory Management

Analyses inventory valuation and inventory cost roll up

Oversees cycle counting process and drives physical inventory process.

Record Keeping and Reporting

Prepares materials usage variance report with reasons for the variances.

Prepares inventory schedules monthly

Prepare spoilage report monthly

Prepares maintenance cost analysis reports

Integrated Management System

Documents, implements and maintains the requirements of the Quality, Food Safety, Environment, Health and Safety management systems.

JOB REQUIREMENTS

Required Education

Minimum of a first degree in Accounting, Finance, Economics or any related discipline

Relevant professional certifications e.g. Chartered Financial Analyst (CFA), Institute of Certified Public Accountants of Kenya, Association of Certified and Chartered Accountants (ACCA) or its equivalent is required

MBA or a Masters' in related discipline is an added advantage

Required Experience

Minimum of 5 years' experience in a similar role within the manufacturing industry.

COMPETENCIES PROFILE

Technical Competencies

Budgeting and Budgetary Controls

Financial Planning and Analysis

Statutory Reporting

Accounting Operations

Financial Control

Tax Management

Cost Analysis & Inventory Management

Financial and Management Accounting

Stakeholder Engagement

Corporate Finance

Treasury Management

Accounting Information Systems (AIS)

Generic Competencies

Accountability

Business Knowledge

Communication

Continuous Development

Detail Orientation

HSE Procedures

Innovation

Leadership and People Management

Operational Effectiveness

Professionalism

Service Orientation

Teamwork

Technology Application