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About the Role
We are seeking to engage a cost accountant who is responsible for overseeing accounting functions such as processing incoming and outgoing payments and preparing financial reports for management decisions. The ideal candidate will ensure timely maintenance and accuracy of financial records and statements throughout the fiscal year.
Responsibilities
The specific responsibilities of the role include:
- Analyze production costs, materials, labor, and overhead to identify cost-saving opportunities.
- Evaluate cost-effectiveness of manufacturing processes and propose improvements.
- Collect and reconcile daily sales reports from all outlets.
- Ensure arithmetic accuracy of reports by checking and cross-checking figures.
- Monitor inventory turnover rates and recommend inventory optimization strategies.
- Collect weekly reports from the Production Manager, store keeper and procurement officer compare quantity produced versus units sold, and address discrepancies.
- Prepare and analyze cost reports for management, highlighting key findings and trends.
- Assist in the preparation of financial statements, including cost of goods sold (COGS) analysis.
- Manage accounts payables and receivables, maintaining an up-to-date billing system and financial records.
- Implement cost control measures to maximize profitability.
- Collaborate with cross-functional teams to identify cost reduction opportunities.
- Prepare invoices, payment schedules, and confirm proof of payments.
- Record and distribute petty cash, verifying documentation for entries.
- Identify and investigate discrepancies.
- Confirm legitimacy of invoices and reconcile discrepancies.
- Generate financial statements and reports detailing account statuses.
- Prepare weekly, monthly, quarterly, and annual financial reports.
- Perform any other tasks as assigned.
Requirements
- Bs.c/HND in Accounting, Finance or in related field.
- At least 1-2 years of experience in retail, hospitality related field.
- Good knowledge of accounting regulations and procedures.
- Advanced Microsoft Excel skills including Vlookups and pivot tables.
- Experience with general ledger functions.
- Strong attention to detail and good analytical skills.
Experience:
- Accounting: 1 year (Preferred)
