Cost & Management Accountant

Job Summary

We are seeking a detail-oriented and analytical Cost & Management Accountant to oversee cost accounting, management reporting, budgeting, financial analysis, and cost control activities. The successful candidate will provide accurate financial information and actionable insights to support business planning, operational efficiency, and management decision-making.
Key Responsibilities

1. Cost Accounting & Analysis

·       Monitor and analyse production costs, operating expenses, material costs, labour costs,and overheads.

·       Prepare cost reports and analyse cost variances against budgets and standards.

·       Maintain accurate cost accounting records and ensure proper cost allocation

·       Review product costing, inventory valuation, and cost of goods sold.

·       Identify opportunities for cost reduction and process improvement.

2.Budgeting & Forecasting

·       Assist in preparing annual budgets, financial forecasts, and business plans

·       Monitor actual performance against budget and investigate significant variances.

·       Work with relevant departments to improve budgetary control and resource utilization.

3.Management Reporting

·       Prepare monthly management accounts, cost reports, and financial performance analyses.

·       Analyse profitability by product, business unit, customer, or project, where applicable.

·       Provide financial insights and recommendations to management.

·       Support month-end and year-end closing activities.

4.Inventory & Internal Controls

·       Monitor inventory movements, stock balances, and inventory valuation.

·       Coordinate periodic stock counts and investigate discrepancies.

·       Review costing procedures and internal controls to ensure accuracy and compliance.

·       Assist with internal and external audits as required.

5.Financial Planning & Business Support

·       Analyse financial and operational data to support management decisions.

·       Develop and maintain cost reports, KPIs, and performance dashboards.

·       Collaborate with operations, procurement, production, and other departments to improve cost efficiency.

·       Perform other finance-related duties assigned by management.

Requirements:

·       Bachelor's Degree in Accounting, Finance, Cost Accounting, or a related field.

·       Professional accounting qualifications such as ACCA, CIMA, CPA, or equivalent are an advantage.

·       At least 2 years of relevant experience in cost accounting, management accounting,or financial analysis

·       Experience in manufacturing, trading, or a related industry is preferred.

·       Good knowledge of cost accounting, budgeting, inventory valuation, and financial reporting.

·       Proficient in Microsoft Excel and accounting software or ERP systems.

·       Strong analytical, numerical, and problem-solving skills.

·       Good communication and interpersonal skills.

· Able to work independently, meet deadlines, and maintain a high level of accuracy.