Cost Accountant
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Job summary
We are seeking a Cost Accountant to oversee financial management, strategic planning, and risk management to drive business growth and profitability. The Cost Accountant meticulously tracks and analyzes all expenses while supporting strategic decision-making through financial insights.
Min Qualification:
HND
Experience Level:
Senior level
Experience Length:
9 years
Working Hours:
Full Time - Full Time
Job descriptions & requirements
Responsibilities:
- Analyze and report financial performance. Prepare and review financial statements (balance sheet, income statement).
- Develop and maintain financial models and forecasts. Conduct variance analysis and identify areas for improvement.
- Develop and implement cost accounting systems. Track and analyze direct and indirect costs.
- Conduct cost-benefit analyses and recommend cost-saving opportunities.
- Develop and manage budgets. Prepare and review forecasts and analyze budget variances.
- Conduct sensitivity analysis and support financial planning.
- Develop and implement inventory management systems.
- Track and analyze inventory levels and recommend optimization strategies.
- Ensure compliance with accounting standards and regulations while identifying financial risks.
- Conduct special financial studies and analyses and implement process improvements.
- Provide financial support for strategic initiatives.
- Supervise and mentor cost accounting staff.
- Communicate financial results to management and non-financial stakeholders.
- Present financial information to senior management.
- Collaborate with other departments.
Key Performance Indicators (KPIs):
- Gross Margin Percentage > 60% per quarter
- Net Profit Margin > 60% per quarter
- Operating Expense Ratio < 10% bi-annually
- Material Cost Variance < 18% annually
- Overhead Cost Variance > 10% per quarter
- Inventory Turnover Ratio < 8% annually
- Inventory Accuracy < 89% annually
- Capital Expenditure (CAPEX) Variance < 5% per quarter
- Revenue Growth Rate > 95% per quarter
Requirements:
- Minimum of 9 years of relevant experience in accounting or financial management.
- Preferred Age Range: 40 – 50 years
- MSc, BSc, or HND in Accounting
- Professional Certifications: Institute of Chartered Accountants of Nigeria (ICAN), Association of Chartered Certified Accountants (ACCA), Chartered Institute of Management Accountants (CIMA), Association of National Accountants of Nigeria (ANAN)
Remuneration: NGN 900,000 – 1,000,000
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