Duties and Responsibilities

• Assisting in the improvement in internal controls related to inventory
• Verifying accurate standard costs
• Reconciling inventory accounts to the general ledger
• Supervision of physical stock take, to ensure correct and accurate information is posted to the system.
• Analysis of variances and recommending write-offs where necessary.
• Computation of material usage variances, labour variances & overhead variances.
• Reconciliation of factory general ledger Accounts, analysing and reviewing factory budgeted costs
• New product costing
• Handling key factory reports i.e. monthly, Quarterly and Annual reports among others
• Setting accounting standards used in valuation of our products.
• Analysing production data to come up with standards to be used by the organization in its cost centres.
• Reviewing costs of different products in case of any variances in unit costs
• Ensure accurate and up-to-date information on quantities, locations, and product details by segregating stocks meant market and stocks held for reprocessing.
• Maintain accurate records of all inventory-related activities, including receipts, transfers, and shipments.
• Collaborate with various teams such as production, warehouse, sales and finance to ensure smooth inventory operations
• Investigating, addressing and escalating any stock discrepancies.
• Prepare stock holding report on daily basis giving insights on the stock balances including expiries.
• Contribute insights to optimize inventory levels and prevent overstocking or stock outs.
• Generating International POs and posting GRNs in SAP.
• Generating costing templates and ensuring accurate computation of landed cost for imported goods.
• Bill of material costing.
• Product costing and pricing of finished products, bulk items and pre-packs.
• Preparation of monthly material usage variance for production by ensuring compliance with bill of materials.
• Perform overhead allocations for products for proper product costing and pricing.
• Updating changes of product prices in the system and conducting pricelist and item group discounts audits.
• Price alignments of all SKUs for related category item groups and brands.
• Maintenance of item master data in the system.
• Monitoring slow moving goods and communicating the same to the marketing and sales team for a better market strategy.
• Monitoring stock expiries and run offer pricing for the goods nearing expiry in order to accelerate clear stocks.

Desirable Qualification & Experience.

• Either Bachelor’s degree in Accounting, Finance, Business Administration, Economics or related field of study. CPA finalist or ACCA. Minimum 7 years’ experience and at least 3 years in supervisory role. Strong experience of cost accounting in a manufacturing environment
• (Experience in the Food Manufacturing & Confectionery industry is an added advantage).