Cost Accountant Specialist
4 days ago
Job Title: Cost Accountant Specialist
We are seeking a highly skilled Cost Accountant Specialist to join our team at Wallace Myers International. As a key member of our finance department, you will play a critical role in ensuring the financial health and operational success of our organisation.
About the Role:
- Cost Accounting:
- Monitor and analyse production costs, raw material usage, and inventory valuation.
- Collaborate with production teams to track and control manufacturing expenses.
- Provide variance analysis between actual costs and budgeted costs, identifying areas of inefficiency.
- Inventory Management:
- Manage inventory levels to ensure optimal stockholding.
- Monitor and analyse inventory turnover rates.
- Cost Control and Reduction:
- Identify and implement cost-saving initiatives.
- Analyse and mitigate variances in actual costs versus budgeted costs.
- Financial Reporting and Analysis:
- Prepare accurate and timely financial statements.
- Provide financial insights to senior management.
- Tax Compliance and Risk Management:
- Ensure compliance with tax regulations.
- Liaise with external auditors during annual audits.
- Cash Flow Management:
- Manage cash flow to ensure sufficient funds for operations and investments.
- Staff Development and Training:
- Automate routine tasks.
- Train staff on financial policies and use of accounting software.
Requirements:
- A 3rd level qualification in Accounting, Finance or related field.
- Professional certification (e.g. ACA, ACCA, CPA, CIMA).
- Previous experience in financial accounting, ideally within a manufacturing environment is a distinct advantage.
- Proven track record of inventory management and cost accounting processes.
Key Skills & Competencies:
- Analytical Skills: Strong ability to interpret financial data and identify trends.
- Attention to Detail: Ensures accuracy in reports and reconciliations.
- Knowledge of Industry Standards: Understanding of cost accounting specific to food production.
- Communication: Effectively communicates financial insights to non-finance stakeholders.
- Problem-Solving: Proactively identifies and addresses financial and operational issues.
- Technical Proficiency: Proficiency in accounting software (e.g., SAP, Oracle, QuickBooks) and advanced Excel skills.
- Organisational skills: An ability to manage multiple projects under tight deadlines.
- Team player: An ability to collaborate across departments and with external partners.
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