Cost And Management Accountant

Qualification: BA Degree in Accounting, Finance, or a related field.

Experience: Minimum of 3 years of relevant experience in finance, cost accounting, and management accounting. Experience as a business partner is preferred.

Required Skills & Competencies:

• Strong understanding of cost accounting principles and management accounting practices.
• Proficiency in accounting software and Microsoft Excel.
• Excellent analytical and problem-solving skills.
• Ability to communicate financial information effectively to both financial and non-financial stakeholders.
• Strong attention to detail and organizational skills.
• Ability to work collaboratively in a team environment.
• Strong financial modeling and reporting skills.
• Ability to identify cost-saving opportunities and recommend corrective actions.
• Good business acumen and decision-support capabilities.

Duties and Responsibilities:

• Coordinate month-end inventory counts, variance analysis, and collection of supporting justifications for management reporting.
• Prepare and present monthly production variance analysis reports to management and investigate gaps with recommended corrective actions.
• Work closely with the operations team to identify, understand, and explain the key drivers of production variances.
• Prepare weekly consumption reports, compare actual costs against standards, and recommend improvement actions.
• Manage standard cost maintenance, cost variance analysis, and necessary adjustments in consultation with production teams and management.
• Analyze and report fixed expenses for each production line and recommend optimal output levels based on line efficiency.
• Prepare and submit monthly insurance reports to the insurer accurately and on time.
• Provide financial support for major projects, new business initiatives, and product launches.
• Conduct financial due diligence and evaluate potential returns on investment for new initiatives and projects.
• Coordinate the annual budgeting process by gathering inputs from departments and consolidating the final budget report.
• Provide guidance on cost management practices and identify opportunities for cost reduction and operational efficiency improvements.
• Monitor and analyze internal and external business challenges, market conditions, and regulatory issues affecting financial performance.
• Develop and maintain financial models to support strategic planning and decision-making.
• Prepare periodic management reports and financial analyses to support business objectives.
• Ensure the accuracy, completeness, and integrity of cost accounting records and reports.
• Support management in financial planning, forecasting, and performance evaluation activities.
• Perform other related duties as assigned by the immediate supervisor.

Competencies:

• Excellent analytical and problem-solving skills.
• Strong communication and presentation skills.
• Ability to work independently and under pressure.
• High level of accuracy and attention to detail.
• Strong teamwork and collaboration skills.
• Ability to manage multiple priorities and meet deadlines.

Skills Required:

• Accounting / Finance