Vacancy for Cost Accountant at Jemi Neil Consulting

ROLE: COST ACCOUNTANT BACKGROUNDOur client, a reputable multinational fast-moving consumer goods (FMCG) company specialiazing in manufacturing within Nigeria, has given us the task to source a Cost Accountant with quality and practical Accounting experience within a multinational industrial work environment.JOB SUMMARY/OVERVIEWThe Cost Accountant will be responsible for the overrall Planning, Studying, and data collection to determine costs of business activity such as raw material purchases, inventory and analyzing labor.He/she will be expected to perform the following duties:JOB RESPONSIBILITIESMaintain Standard CostingDetermine fixed costs (e.g. salaries, rent and insurance)Plan and record variable costs (e.g. purchases of raw material and operations costs)Accumulate and apply overhead costs as required by generally accepted accounting principles.Calculated labor absorption costsCheck Purchase Orders to ensure accuracyAnalyzes changes in product design, raw materials, manufacturing methods, or services provided, to determine effects on costs.Develop and maintain Bills of Material and standard costs of finished goods and productionSupport yearly standard setting process for finished goods, components, and core parts; update and review standard and actual costsActual manufacturing costs and preparing periodic reports.Continually compare standard costs to actual production costs.Inventory ManagementCoordinate physical inventory counts and cycle countsInvestigate cycle counting variances and resolve issuesLead and manage the quarterly excess and obsolete inventory review processControl scrap inventory and ensure adequate measures are taken to realize true value of scrap.ReportingAnalyzes actual production costs and prepares periodic reports comparing standard costs to actual production costs.Ensure timely submission, accuracy and validity of inventory, gross margin schedules to management.Provides management with reports specifying and comparing factors affecting prices and profitability of products or services.Maintain and assist in improving processes and controls associated with manufacturing costs and inventory valuation.Support Budget PreparationPrepares estimates of new and proposed product or service costsRecommends cost efficiencies in new product layoutsAnalyzing cost volume-profit (CVP) relationships and short-term decision makingProvide Sales Margin analysis by Customer/Product.Support AuditSupport internal and external auditors by ensuringAvailability of vouchers, supporting and other required documentationResources to provide explanation and answer question raised by auditorsERP UtilizationEnsure effective utilization of ERP functionality.Support the implementation of ERP and other financial system from Job costing perspective. 

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