Cost Accountant at ReelFruit

ReelFruit, founded in 2012, is the market leader in the healthy snack category, pioneering the introduction of healthy dried fruit as a snack in the Nigerian market. The company was founded on a mission to build a scalable agribusiness to add value to raw materials locally and produce, package and distribute locally made snacks that could sit on any shelf in the world!

We are recruiting to fill the position below:

Job Title: Cost Accountant

Location: Abeokuta, Ogun
Employment Type: Full-time

Job Summary

• We are looking to hire a Cost Accountant to join our accounting department.
• You will play a crucial rolein managing and analyzing the company's costs to ensure effective financial planning and control.
• You will collaborate with various departments to gather and analyze data, assess cost variances, and provide insightful recommendations to improve operational efficiency.
• The ideal candidate should have a minimum of 5 years of experience in cost accounting, strong analytical skills, and a solid understanding of financial principles

Duties & Responsibilities
Cost Analysis:

• Conduct a detailed analysis of product costs,including direct materials, labor, and overhead, to identify cost-saving opportunities and improve profitability.

Variance Analysis:

• Monitor and analyze cost variances, providing explanations for any discrepancies between actual and budgeted costs.

Budgeting and Forecasting:

• Assist in the preparation of annual budgets and forecasts, working closely with cross-functional teams to ensure accurate and realistic financial projections.

Inventory Management:

• Collaborate with the inventory team to reconcile and analyze inventory levels, ensuring accuracy and identifying areas for improvement.

Process Improvement:

• Identify and implement process improvements related to cost accounting procedures, contributing to the overall efficiency of financial operations.

Financial Reporting:

• Prepare regular financial reports, including cost of goods sold (COGS) analysis, and present findings to management.

Compliance:

• Ensure compliance with accounting principles, company policies, and regulatory requirements related to cost accounting.

Requirements and Skills

• Bachelor's Degree or HND in Accounting, Finance, or a related field.
• Proven experience of at least 5 years in cost accounting or related roles within the manufacturing or consumer goods industry.
• A Master's Degree is an added advantage.
• Professional certificates (e.g., ACA, ACCA, & CIMA) is an added advantage.
• Strong knowledge of Cost Accounting.
• Solid understanding of accounting principles and cost control concepts.
• Proficiency in ERP systems and advanced Excel skills.
• Attention to detail, analytical mindset, and strong problem-solving abilities.
• Effective communication and collaboration skills to work across departments.

Application Closing Date
16th February, 2024.