Cost Accountant

Job title : Cost Accountant

Job Purpose

• The Cost Accountant will be responsible for monitoring and analyzing the costs associated with the production and operations in a Steel Fabrication company.
• The role involves ensuring cost efficiency, preparing detailed cost reports, and providing actionable insights to support financial and operational decision-making.

Key Responsibilities

• Develop and maintain the organization's cost accounting systems, processes, documentation, and records to ensure accurate and effective cost management.
• Analyze manufacturing operations, equipment availability, utilization, and operational activities to compile and evaluate cost information.
• Collect, analyze, and maintain data on operational costs, including maintaining the expenses database and reporting on actual profit margins.
• Identify and recommend cost-effective solutions and improvements to business operations, processes, and policies to reduce costs and maximize profitability.
• Manage product costing, standard costing, BOM costing, and manufacturing cost analysis.
• Prepare monthly management accounts and financial statements.
• Maintain and reconcile the General Ledger and balance sheet accounts.
• Monitor inventory valuation, stock movements, and production variances.
• Support budgeting, forecasting, and cost control initiatives.
• Perform month-end and year-end closing activities.
• Ensure compliance with IFRS, tax regulations, and internal financial controls.
• Partner with Production, Procurement, Store, and Supply Chain teams to improve financial performance.
• Support internal and external audit activities.

Requirements

• Bachelor's degree in accounting, Finance, or a related discipline.
• ACA, ACCA, or ICAN qualification is required.
• Minimum of 7 years' experience in finance within a Steel fabrication or Construction company is desired.
• Proven hands-on experience in manufacturing cost accounting and General Ledger accounting.
• Strong knowledge of inventory accounting, production costing, variance analysis, and factory overhead allocation.
• Experience using ERP systems such as SAP, Oracle, Microsoft Dynamics, Sage, or similar is an added advantage.
• Advanced Microsoft Excel skills.
• Excellent analytical, reporting, and stakeholder management skills.