Cost Account Officer
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Job Location:
Monthly Salary:
Experience Required:
Posted on:
26 days ago
Vacancies:
1 Vacancy
Job Summary
A. Cost Data Collection and Recording
1. Collect and maintain accurate cost information relating to materials labor and overheads.
2. Record production and consumption data into the cost system or ERP.
3. Track variances between actual and standard costs and report significant deviations.
4. Assist in maintaining accurate Bills of Materials (BOMs) and routing data.
B. Cost Analysis and Reporting
5. Prepare cost sheets variance analysis and cost comparison reports.
6. Support monthly cost closing and reconciliation with financial accounts.
7. Assist the Cost Accountant in preparing management cost reports.
8. Provide analysis to support decision-making on pricing budgets and process improvement.
C. Inventory and Stock Control
9. Monitor inventory movements consumption and valuation.
10. Reconcile production and material balances with stores and production records.
11. Participate in periodic stock counts and ensure timely reconciliation of variances.
12. Assist in identifying and reporting obsolete or slow-moving stock.
D. Budgeting and Forecasting Support
13. Support the budgeting process by providing cost input and analysis.
14. Compare actual expenses against budgets and report variances.
15. Assist in updating cost standards and cost allocation bases.
E. Internal Controls and Compliance
16. Ensure adherence to cost accounting procedures and company policies.
17. Maintain accurate documentation and audit trail of cost transactions.
18. Support both internal and external audit exercises.
19. Promote cost consciousness across departments.
Requirements
Education: Bachelors Degree in Accounting Finance Economics or related field.
Professional Certification: Student member or part-qualified ICAN ACCA or ANAN is an advantage.
Experience: Minimum of 23 years of experience in cost or management accounting preferably in manufacturing or trading environment.
Technical Skills:
Good understanding of cost accounting principles.
Proficiency in Microsoft Excel and ERP/accounting systems (e.g. Sage SAP or QuickBooks).
Strong analytical and numerical skills.
Knowledge of inventory management and cost control techniques.
Company Industry
IT Services and IT Consulting
Key Skills
- Abinitio
- Heavy Machinery
- Airport Security
- Contract Attorney
- Environmental Science
- Heavy Equipment
