Description

Key Responsibilities

Factory Costing and inventory Accounting

• Calculate accurate production cost for products (raw materials, labour, overheads)
• Monitor and account for raw materials (palm oil, caustic soda etc)
• Conduct daily stock reconciliation for raw materials and finished goods
• Perform monthly stock taking and investigate any variance/losses/wastage
• Determine standard costing and advise management on profitable pricing.

Financial Accounting and reporting

• Maintain full set of books of accounts, ledgers, cash books
• Prepare daily, weekly, monthly financial reports-profit and loss, cash flow expenses
• Manage accounts payable(suppliers) and accounts receivable(distributors/customers)
• Prepare bank reconciliations and monitor factory petty cash

Budget and cost control

• Assist in preparing annual factory budgets and production budgets
• Monitor factory expenses and control operational costs to reduce wastage
• Analyze production efficiency, yield and profitability per product.
• Alert management on cost overruns and recommend cist saving measures.

Tax and compliance

• Ensure compliance with URA and. statutory obligations
• Ensure compliance with NSSF, LST and statutory obligations
• Prepare internal and external Audits and liaise with Auditors.
• Ensure proper filling and documentation of all financial records.

Payroll and operations support

• Process factory staff payroll, overtime, allowances and deductions accurately and on time.
• Support procurement by verifying invoices, LPOs and supplier payments.
• Work closely with operations manager and storekeeper to ensure accountability.

Education & Requirements

Education: Bachelor’s degree in Accounting, Finance, Commerce (Accounting Option) or Business Administration. Professional Qualification CPA or ACCA LEVEL 2 and above is must Completed CPA is an added advantage.

Additional Details

Minimum 3-4 years’ experience as an Accountant in a manufacturing /factory setting.

Hands on experience with costing and inventory accounting in a factory.

Proficiency in accounting software-tally, quick books or sage and advanced MS EXCEL

Knowledge in URA EFRIS and tax compliance.

Key Skills and competencies

• Strong knowledge of manufacturing costing and stock management.
• High level of integrity, honesty and confidentiality
• Excellent analytical and numerical skills
• Attention to detail and accuracy
• Ability to work under minimal supervision and meet deadlines
• Good communication and team player.

• Calculate accurate production cost for products (raw materials, labour, overheads)
• Monitor and account for raw materials (palm oil, caustic soda etc)
• Conduct daily stock reconciliation for raw materials and finished goods
• Perform monthly stock taking and investigate any variance/losses/wastage
• Determine standard costing and advise management on profitable pricing.
• Maintain full set of books of accounts, ledgers, cash books
• Prepare daily, weekly, monthly financial reports-profit and loss, cash flow expenses
• Manage accounts payable(suppliers) and accounts receivable(distributors/customers)
• Prepare bank reconciliations and monitor factory petty cash
• Assist in preparing annual factory budgets and production budgets
• Monitor factory expenses and control operational costs to reduce wastage
• Analyze production efficiency, yield and profitability per product.
• Alert management on cost overruns and recommend cist saving measures.
• Ensure compliance with URA and. statutory obligations
• Ensure compliance with NSSF, LST and statutory obligations
• Prepare internal and external Audits and liaise with Auditors.
• Ensure proper filling and documentation of all financial records.
• Process factory staff payroll, overtime, allowances and deductions accurately and on time.
• Support procurement by verifying invoices, LPOs and supplier payments.
• Work closely with operations manager and storekeeper to ensure accountability.

• Strong knowledge of manufacturing costing and stock management.
• High level of integrity, honesty and confidentiality
• Excellent analytical and numerical skills
• Attention to detail and accuracy
• Ability to work under minimal supervision and meet deadlines
• Good communication and team player.
• Proficiency in accounting software-tally, quick books or sage and advanced MS EXCEL
• Knowledge in URA EFRIS and tax compliance.

• Bachelor’s degree in Accounting, Finance, Commerce (Accounting Option) or Business Administration.
• Professional Qualification CPA or ACCA LEVEL 2 and above is must
• Completed CPA is an added advantage.