Production Accountant needed at SaroAfrica International Limited

Job Summary

• Production Accountant is a strategic partner in running the business and plays a crucial role in providing central financial direction to the Business Accountant.
• This position requires a strong understanding of local financial practices, tax regulations, and industry-specific challenges.
• The Production Accountant primary purpose is to support the Business Accountant in areas such as financial reporting, budgeting, cost analysis, and collaboration with various departments to optimize financial processes.
• The successful candidate will also be required to work with the finance team to design, implement and manage best accounting practices across their areas of responsibility, including making and implementing agreed process changes and improvements.
• He/she will be part of a team with a culture of high performance and will deploy his/her skills optimally to achieve strategic priorities.
• He /She should be able to present reports competently and confidently to the Management team.
• He /She must have clear focus, give attention to details and be a strategic thinker who is focused on execution.

Duties/Responsibilities
Cost Analysis:

• Conduct regular cost analysis to identify areas for improvement and cost-saving opportunities, considering the Nigerian market dynamics.
• Work with production and procurement teams to analyze and control manufacturing costs, factoring in local pricing and regulatory influences.
• Provide recommendations to optimize resource utilization within the Factory.

Inventory Management:

• Oversee the accounting and reporting of inventory levels, adhering to Nigerian tax regulations.
• Ensure accurate valuation of raw materials, work in progress, and finished goods in compliance with local accounting practices.
• Implement and maintain efficient inventory control processes to eliminate possible exposures.
• Investigate and resolve discrepancies or irregularities within the factory in line with standard practices.

Collaboration:

• Work closely with cross-functional teams, including production, procurement, Quality, Warehousing and Logistics.
• Provide financial insights relevant to the local market to support decision-making processes.
• Ensure daily Production report and track, prepare, and analyze variance report for Management Team
• Perform comprehensive variance analysis and determined root-cause for each significant variance.
• Perform audits of bills of materials to ensure product costs are accurate and accounted for properly.
• Provide Weekly status of labor, overhead, productivity, usages, direct labor, and distribution cost.
• Ensure bill of material and costing accurately reflect production operations.
• Ensure that financial discipline and prudence is applied for all transactions and will provide primary controls to ensure that the assets of the project are well secured.
• Monitor the key performance indicators to assess, analyze and track manufacturing processes.
• Report the actual financial Performance and compare with the Control Levers
• Assist the Business Accountant in the preparation of data required for forecasting, planning,and budgeting.
• Provide weekly wastage Report.
• Ensure inputs and outputs of inventory are analyzed accurately and timely.

Education and Experience

• Minimum of a second Class upper in Accounting, Economics, or Finance from a reputable university/Polytechnic
• Must be a Chartered Accountant (ACCA or ACA).
• An MBA or equivalent postgraduate management degree will be an advantage.
• Applicant must have a Minimum of 5yrs working experience in similar role as Production/Management Accountant.
• Age Requirement: 28- 35yrs old.

Required Skills/Abilities:

• Excellent verbal and written communication skills.
• Excellent interpersonal and customer service skills.
• Excellent organizational skills and attention to detail.
• Good Analytical and innovative skills.
• Must be self-motivated.
• Proficient with Microsoft Office Suite, Excel, Power Point or related software.
• Excellent time management skills with a proven ability to meet deadlines.