Vacancy title:
Management Accountant (Re-Advertised)

[ Type: FULL TIME , Industry: Human Services , Category: Management ]
Jobs at:

Future Options Consulting Ltd

Deadline of this Job:
Wednesday, April 12 2023

Duty Station:
Within Uganda , Kampala, East Africa

Summary
Date Posted: Saturday, April 29 2023, Base Salary: Not Disclosed

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JOB DETAILS:
Knowledge, Skills & Competences
• Proficiency with the use of MS- Office especially Excel is desirable.
• Possession of working knowledge of SAP Business One ERP Systems is an added advantage.
• Excellent Analytical and numerical Skills with utmost attention to details
• Ability to independently plan and execute complex tasks while addressing daily/routine.
• Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Discrete when dealing with confidential information.
• Result-Oriented, proactive mindset with critical analysis of Information,
• Excellent interpersonal skills with the ability to work in a team oriented and collaborative environment

Responsibilities
• Ensure accurate and efficient classification of all costs as per the Management Information system.
• In charge of Inventory management – updating the MIS with the latest unit cost for each inventory item and making adjustments to inventory units when need arises preferably after stock-takes or when variances are identified.
• Maintaining an effective and sound Cost Accounting System under the Company’s MIS.
• Collect and analyse cost data to determine costs of running the business and advice accordingly on how these can be recovered through appropriate pricing models.
• Responsible for all cost reviews and pricing updates in the accounting system and ensuring that all products/ services with their prices are updated as per guidance of Company policies & procedures at all times.
• Working with heads of departments, be responsible for the financial appraisal of all new services/products before they are undertaken by management giving reports on your recommendations with comparatives in the industry.
• Identifying and analyzing cost information to detect trends and propose control action.
• Ensure that changes in production input costs, and labor and other direct/ indirect production costs are constantly monitored, captured and timely reported for quick decision making on pricing of products. This is to ensure that the Company attains a breakeven point on all products being offered at all times.
• Analyzing profitability performance of various initiatives and products by the Company.
• Responsible for providing management with reports specifying and comparative factors affecting prices and profitability of products.
• Ensure accuracy of cost data in the accounting system (SAP – MIS).
• You will support colleagues in areas of system reconciliations, inventory counts and adjustments including ensuring that a monthly itemised inventory audit report reconciled to the General Ledger is availed to the Head of Department.
• Generate and maintain regular management accounts for strategic decision-making by utilizing financial information (such as standard cost per unit, expenditure trends, sales trends, shared costs allocations, etc.), and preparing monthly strategic financial information in a timely manner
• Drive the annual cost of sales budgets and overheads and commercial operating expenses.
• Undertaking daily general ledger reviews to ensure general ledger data integrity. Investigate daily general ledger movements and report any anomalies to the Head of Finance.
• Preparing periodic Performance reports including MIS Management accounts including commentaries and participate in the preparation of Board papers.
• Support forecasts with finance and Administration to prepare annual budgets, monthly forecasts, and rolling forecasts /revised estimates for the different business units.
• Investigating any key variances to the Budget, providing explanations, and recommending corrective actions.
• Formulate budgets and quarterly forecasts for approval and suggest as well as implement cost optimization measures to improve the cost/ income ratio from time to time.
• Prepare periodic (monthly/quarterly/annual/ad-hoc) financial statements, including profit and loss accounts, balance sheet reports and cash flows

Qualifications
• The ideal candidate should hold a Bachelor’s Degree in Commerce, Business Administration or relevant discipline from a recognized University;
• MUST possess Full professional accounting qualification in CPA, ACCA, CIMA or its equivalent

Details of experience
• Must have a minimum of 5 years’ experience in a similar role with a busy and reputable manufacturing entity


Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

Job application procedure
Send your CV and resume not later than 1st May 2023 to sharon@futureoptions.org