Management Accountant
Summary
Management Accountant will be a pivotal player in our strategy, responsible for cost accounting, management reporting, financial planning and budgeting, pricing, cost- benefit analysis, and other financial analyses. The Management Accountant will help the management team to make informed decisions through timely information and insights.
Responsibilities
- Collaborate with cross-functional teams to develop annual budgets, strategic plans, and periodic forecasts.
- Monitor and analyse budgetary performance against results.
- Identify variances and implement corrective actions.
- Forecast future financial performance and identify potential risks.
- Developing, maintaining, and analysing standard costs of manufactured goods
- Assist in implementation of cost-saving initiatives.
- Conduct cost-benefit analyses to evaluate potential investments and projects.
- Monthly review of cost centre - ensure all the costs posted in the right cost centre.
- Maintain value chain – Pricing & discounts upload into SAP by Design
- Maintaining pricing template and timely analysing of pricing trends and recommendation of pricing changes
- Prepare and disseminate periodic reports to senior management and Group reporting team.
- Coordinate and consolidate monthly and quarterly MIS & KPI reports.
- Monthly tracking of synergy and operational efficiency and reporting
- Monthly cost centre review.
- Ensure General Ledger reconciliations are done periodically.
- Stock Taking schedules prepared in time.
- Perform half year Stocks Reconciliation
- Maintain the General Ledger to ensure that all balances are accurate, current, and complete.
- Assist in review available controls in line with SICS
Education and Qualifications
A Bachelor's degree in Accounting, Finance or any related field.
Requirements
- A minimum of 5 years of experience in similar role.
- Strong system and process knowledge, preferably SAP
Characteristics
- Financial Analysis: Ability to analyze financial data and trends to provide insights and recommendations for decision-making.
- Budgeting and Forecasting: Proficiency in developing budgets and financial forecasts to support strategic planning and operational decision-making.
- Cost Accounting: Understanding of cost behavior and allocation methods to accurately calculate and analyze product or service costs.
- Variance Analysis: Skill in analyzing and explaining differences between budgeted and actual financial performance to identify areas for improvement.
- Financial Reporting: Knowledge of accounting standards and regulations to prepare accurate and timely financial reports for internal and external stakeholders.
- Performance Measurement: Ability to develop and implement key performance indicators (KPIs) to monitor and evaluate organizational performance.
- Management Information Systems (MIS): Familiarity with MIS tools and software for financial data management, analysis, and reporting.
- Risk Management: Understanding of financial risk factors and mitigation strategies to safeguard the organization's financial health.
- Communication Skills: Effective communication skills to present financial information and analysis to non-financial stakeholders in a clear and understandable manner.
- Ethical Standards: Adherence to ethical principles and professional standards in financial management and reporting.
- Strategic Planning: Ability to contribute to strategic planning processes by providing financial insights and analysis to support decision-making.
- Problem-Solving Skills: Aptitude for identifying financial challenges and developing creative solutions to address them effectively.
- Continuous Learning: Commitment to staying updated on accounting principles, regulations, and industry best practices to maintain proficiency in the field.
- Team Collaboration: Collaboration with cross-functional teams, such as operations, marketing, and sales, to align financial goals with broader organizational objectives.
- Attention to Detail: Precision in financial analysis and reporting to ensure accuracy and reliability of financial information for decision-making purposes.
Reporting To
Financial Controller
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Manufacturing: 5 Years
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