Senior Cost Accountant

Summary

Financial Responsibility

Strategic

• Budgeting, Forecasting & Analysis: Develop and manage financial models to support budgeting, forecasting, and long-term planning for supply chain operations
• Supply Chain Initiatives: Partner with supply chain leaders to drive key initiatives (including Savings agendas) aimed at improving efficiency, reducing costs, and enhancing overall performance in manufacturing, logistics, and sourcing.
• Cross-Functional Collaboration: Work closely with procurement, manufacturing, logistics, and other departments to ensure financial alignment and support strategic decision-making.
• Risk Management: Identify and mitigate financial risks associated with supply chain activities, ensuring compliance with company policies and regulatory requirements.
• Continuous Improvement: Lead and participate in continuous improvement projects to enhance financial processes and systems within the supply chain function.

Operational

• Product/Process costing control by ensuring that costs reflect the true cost of manufacture and imports
• Perform month end closing activities in the Oracle system ensuring costs are correctly recorded and variances vs. budget / forecast are identified, rectified and reported correctly and timely
• Performance Reporting: Prepare and present regular financial reports and performance metrics to senior management, providing insights and recommendations for improvement, such as Material Usage Variances, Industrial Cost Performance vs. Budget etc.
• Track and control Supply Chain Spends (Procurement, Industrial, Logistics & Warehousing) for the C&S business within the country - ensuring alignment with budgetary goals and identifying opportunities for cost optimization.
• Partner with logistics on importation, customs, sea and land logistics as appropriate.
• Stock management and reporting including stock reconciliations and control of stock write-offs
• Support supply chain and wider finance teams in the monthly Operational Business Review meeting decks and other financial reviews
• Annual budget preparation identifying key elements through cost bridges
• Provide ad-hoc reporting as needed including leading and lagging indicators
• Capex pre post analysis & decision support
• Capex Budgeting/forecasting for site
• Provide support for costing of new product developments, innovations, launches/relaunches
• Be the custodian of Bill of Materials from finance side to ensure adequate controls are being followed before over their changes
• Review and processing production Bill of Materials (BOM) and analyse the difference between actual and standard consumption, providing insights on improvements. Utilize Oracle ERP as appropriate.

Operational Enhancements

• Maintain and improve upon the existing the cost accounting functions in support of manufacturing operations and supply chain management
• Implement principles for calculating SKU-wise and overall Cost of Goods Sold (COGS) by month
• Conduct and publish analysis on analytics on COGS optimisation
• Contribute to performance alignment on the KPI architecture for Supply Chain by presenting financial performance, full year forecasts and budget variances including understanding financial opportunities and risk

QUALIFICATIONS, EXPERIENCE, & SKILLS

Experience