Cost Controller / Accountant at Veepee Group Of Companies

Veepee Group, the pioneer manufacturer of flexible packaging materials and corrugated paper products in Nigeria established its manufacturing facilities at Sango Ota in Ogun State, Nigeria in 1975. The first company, Veepee Industries Limited started its production with the polyethylene extrusion, printing, cutting and packaging industry to go through a revolution. This consumer revolution paved the way for Veepee to enter into a complete range of products and solutions in the Flexible Packaging industry including , Printing, Corrugated paper products, Printing cylinder engravings, Printing Inks & Resins etc.

We are recruiting to fill the position below:

Job Title: Cost Controller / Accountant

Location: Ota, Ogun
Employment Type: Full-time
Department: Finance & Accounts
Reports to: General Manager/HOD

Overview

• The Cost Accountant is accountable for the analysis of ongoing processes, project costing, margin analysis and must also construct and monitor those cost-effective methods needed to provide an appropriate level of costing information to management.
• The individual will be responsible for: Planning, Studying, and collecting data to determine costs of business activities such as raw material purchases, production, inventory and labor. To analyze/audit costs and preparing reports. Making estimates of new and proposed product.

Key Responsibilities

• Develop and maintain the cost accounting system, documents, and records of the organization.
• Analyze and recommend costs and cost savings.
• Prepare and complete internal cost audits.
• Comply with Generally Accepted Accounting Principles (GAAP) for financial statements.
• Construct data accumulation systems and analyze the data collected and log a detailed record of the results.
• Analyze any changes in goods or services provided in order to determine what effect it has on the cost.
• Analyze manufacturing costs and prepare regular reports comparing standard costs to actual production costs.
• Make estimates of new and proposed product costs.
• Provide management with reports that specify and compare factors that affect prices and profitability of products or services.
• Assist in audits and general ledger preparation.
• Prepare MIS reports showing actual budget with variances with respect to Production Department.
• Send monthly reports to respective production sub-departments, showing actual budget and variances.
• Preparation of monthly production costing forecast/budget and tracking actuals and identifying reasons for the variances.
• Leads the development and implementation of a comprehensive annual business plan and financial budgets, which is aligned with the company's and various brands’ strategic direction. Provide accurate forecasts that enable operations to react to changes in the business.
• Analyze information, forecasts sales against expenses and creates annual budget plans. Creates the annual operating budget for each business unit and at group consolidated level.
• Transfer Rate calculation as per CAS 4
• Inventory Reconciliation
• Export Costing and Pricing
• Monthly Inventory Valuation
• Costing FA Reconciliation
• Key Member of ERP IMPLEMENTATION for testing and signing off on agreed design
• Monitors actual sales against projected sales. Provides on-going analytical support by monitoring each business unit’s actual and projected sales.
• Analyses differences between actual budget wages and forecasted wages for more efficient budget planning.

Desired Skills and Experience

• A fully/semi qualified Chartered Accountant with at least 2 years experience in any manufacturing setup/5 years if CA inter./ Minimum 10 years of overall experience.
• Fully conversed with managing and using intricate ERP systems – at a minimum full and extensive knowledge of SAP/Tally ERP9 and MS Excel (to Macro/Pivot table level)
• Must have excellent interpersonal and communication skills (written and oral English) to ensure all communications across all levels of the organization are clear, concise, transparent, and easily understood.
• Must be able to command respect from the senior management team; has the maturity and the leadership skills necessary for the position.

Application Closing Date
30th September, 2022.