Cost Accountant at Wemy Industries Limited

Wemy Industries is one of the foremost indigenous and oldest established manufacturers in Lagos, Nigeria. We specialize in producing baby diapers, feminine sanitary napkins/pads, panty liners, adult diapers, maternity pads, under pads and baby wipes under the umbrella brand names of ‘Dr. Browns’ and ‘Nightingale’

We are recruiting to fill the position below:

Job Title: Cost Accountant

Location: Lagos (On-site) 
Job type: Full-time
Industry: FMCG

Job Responsibilities

• Prepare, analyze and report weekly, monthly, quarterly, annually costs report analysis by product, by brand, by regions, by depots, by customer type, by departments, by units, by operation/function.
• Prepare, analyze and report weekly, monthly, quarterly, annually gross margin analysis by product, by brand, by regions, by depots, by customer type.
• Prepare, analyze and report weekly, monthly, quarterly KPIs, Inventory movement, inventory age/days.
• Prepare, analyze and report weekly, monthly, quarterly factory/machine outputs.
• Formulate and develop appropriate inventory level models.
• Formulating and implanting appropriate enterprise-wide cost control and cost reduction measures and policies.
• Formulating and implementing appropriate enterprise-wide cost classification, separation estimation and allocation policies and procedures.
• Advising on the cost implications and consequences of business decisions.
• Assist in month-end closing, prepare journal entries as necessary, analyze inventory evaluation, inventory roll forward.
• Analyze cost accounting data and assist with cycle count/physical inventories.
• Prepare detailed cost account analysis and reconcile sales, cost and inventory, liability accounts by customer type by regions.
• Review and analyze inventory and margin reports, conduct research and perform analytical studies in regard to cost analysis and profitability.
• Work in special projects as required.
• Support and assist internal department reporting requirements such as audit schedules, tax schedules and others.
• Ensure timely submission, accuracy and validity of inventory, gross margin schedules to Management.
• Produce monthly budgets, management accounts variance analysis and commentaries and ensuring spending is kept in line with budget.
• Assist in the production of the annual budget and periodic forecasting.
• Assist in providing management reporting for decision-making, including project appraisal, evaluation and post-implementation analysis.
• Managing enterprise-wide capital expenditure.
• Carrying out continuous reviews of enterprise-wide working practices and processes to ensure efficient and cost-effective operations.
• Ensuring compliance and implementation of adequate and appropriate internal controls.
• Preparing collateral reporting/valuation.
• Any other duties that may be prescribed from time to time.

Job Specification

• Bachelor's Degree or its equivalent in Accounting, Finance, Economics, or any other related discipline.
• Relevant professional qualifications such as ICAN, ACA, ACCA will be an added advantage
• Minimum of Five (5) years relevant work experience.
• Good understanding of trends, challenges, opportunities, regulations, and legislation relating to the manufacturing industry.
• Good knowledge and understanding of finance best practices, IFRS, and other applicable accounting standards.

Application Closing Date
Not Specified.