Manufacturing Cost Account

Job Title: Factory Cost Accountant

Location: PE

Department: Finance

Job Purpose:
To manage and oversee all aspects of factory cost accounting including cost management budgeting forecasting inventory management and financial reporting. The role requires expertise in SAP stock counts and a CIMA qualification with a focus on manufacturing.

Key Responsibilities

1. Cost Management

• Monitor and control manufacturing costs to ensure they are within budgeted limits.
• Analyze cost variances and implement corrective actions to address deviations.

2. Budgeting and Forecasting

• Prepare and manage annual budgets and financial forecasts.
• Provide detailed financial analyses and projections to support strategic decisionmaking.

3. Financial Reporting

• Generate accurate and timely financial reports related to manufacturing costs budget adherence and other key metrics.
• Ensure reports are prepared in accordance with financial regulations and internal standards.

4. Inventory Management (UF)

• Oversee UF inventory levels and ensure accurate valuation.
• Conduct regular inventory reviews and adjustments to maintain accuracy.

5. Compliance and Auditing

• Ensure adherence to financial regulations and internal controls.
• Support stock counts and external audits by providing necessary documentation and analysis.

6. Process Improvement

• Identify and implement costsaving measures and process efficiency improvements.
• Recommend and drive changes to improve cost management practices.

7. Capex

• Support the assessment and preparation of Capital Expenditure (Capex) projects.
• Analyze Capex proposals and track investment performance.

Key Performance Indicators (KPIs)

1. Cost Variance

• Measure and manage the difference between budgeted and actual costs.

2. Inventory Turnover Ratio

• Track how often inventory is sold and replaced over a specified period.

3. Product Cost

• Ensure accuracy of product costing and alignment with Bill of Materials (BOMs).

4. Budget Accuracy

• Assess the degree to which actual spending aligns with the budgeted figures.

5. Return on Investment (ROI)

• Evaluate the profitability and financial returns of investments in manufacturing processes.

Qualifications and Experience

1. Education

• CIMA qualification with a focus on manufacturing or related fields.

2. Professional Experience

• Proven experience in cost accounting within a manufacturing environment.
• Demonstrated experience with SAP and its integration into financial and cost accounting processes.
• Handson experience with stock counts and inventory management.

3. Skills

• Strong analytical and problemsolving skills.
• Excellent proficiency in SAP and advanced MS Excel skills.
• Ability to prepare detailed financial reports and forecasts.
• Strong understanding of cost management principles and financial regulations.

4. Personal Attributes

• Detailoriented with a high degree of accuracy.
• Strong communication and interpersonal skills.
• Ability to work independently and as part of a team.

Remote Work :

No