About the job Senior Cost and Budget Accountant
Main Responsibility
- Develop and maintain the budget and cost accounting records, documents, and records of the organization in conformance with legal requirements & accepted accounting principles and standards.
- Analyze and interpret financial data to identify trends and variances in the budget.
- Analyze manufacturing costs and prepare regular reports comparing standard costs to actual production costs.
- Monitoring unit cost variance and implementing cost standards for materials and labour.
- Analyze budget - costs and prepare regular reports comparing standard costs to actual production costs.
- Provide management with reports that specify and compare factors that affect the prices and profitability of products or services.
- Review standard and actual costs for inaccuracies and perform life cycle cost-benefit analysis.
- Collect cost information and maintain an expenses database to recommend costs and savings.
- Prepare and complete internal cost audits and construct data accumulation systems.
- Determine fixed costs (e.g., salaries, rent and insurance) and record variable costs (e.g., purchases of raw material and operations costs).
- Reconciling beginning raw materials, work-in-progress and finished-goods stock.
- Conduct physical inventories and monitor the cycle count program.
- Prepare and analyze report profit margins and budgeting reports.
- Prepares monthly, quarterly, and annual budget and cost statements.
- Determines cost and selling prices of merchandise commodities.
- Identify and recommend cost-effective solutions.
Skills & Abilities
- Thorough knowledge of accounting procedures.
- In-depth understanding of IFRS.
- Experience with accounting software, and Computer literacy in MS Excel.
- Excellent analytical skills with an attention to detail.
- Strong time management and organizational skills.
- Integrity, with an ability to handle confidential information.
Academic Qualification
- BA Degree in Accounting, Finance or a related field, preferably in the manufacturing sector
Experience: 5+ years of experience in the manufacturing/Import-Export sector.