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  3. Cost Accountant & Inventory controller

Cost Accountant & Inventory controller

RiyadhFull-timeHigh school

5–8 years of experience

4 months ago

Job description

  • Analyze and interpret cost data, preparing reports to pinpoint areas of cost reduction and efficiency gains, providing actionable insights for management.

  • Oversee inventory valuation and control, ensuring accuracy in inventory records and implementing strategies to minimize obsolescence and shrinkage.

  • Conduct monthly, quarterly, and annual closing activities, including the preparation of journal entries, reconciliations, and financial statements related to cost accounting and inventory.

  • Develop and maintain standard costs for materials, labor, and overhead, and analyze variances to identify and address discrepancies.

  • Manage and reconcile inventory transactions, including receipts, issues, and adjustments, to maintain accurate inventory levels.

  • Participate in physical inventory counts and cycle counts, investigating and resolving any discrepancies found.

  • Collaborate with production, purchasing, and sales teams to gather data and provide costing information for decision-making.

  • Develop and implement inventory control procedures and policies, ensuring adherence to best practices and regulatory requirements.

  • Prepare cost analyses for new products, projects, or processes, providing valuable information for pricing decisions and profitability assessments.

  • Support internal and external audits, providing necessary documentation and explanations related to cost accounting and inventory.

  • Possesses a Bachelor's degree in Accounting, Finance, or a related field; a Master's degree or professional certification (e.g., ACA, ACCA, CPA) is a plus.

  • Holds a minimum of 5 years of progressive experience in cost accounting, preferably within a manufacturing or production environment in Nigeria.

  • Demonstrates a strong understanding of Nigerian accounting principles (e.g., IFRS) and relevant tax regulations.

  • Exhibits proficiency in using accounting software and ERP systems (e.g., SAP, Oracle, Microsoft Dynamics) to manage cost data.

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