Under the supervision of Cost and Budget Division Manager the senior cost and budget accountant organize, directing, coordinating and controlling the cost accounting and budget administration activities of the Company. Devising, installing or controlling systems for determining unit costs. Classifying, accumulating and allocating costs as per the costing system in place. Maintaining cost data necessary for the development and evaluation of plans and control of performance. Establishing financial and budgetary goals, timetables, and other criteria against which relative costs and benefit of program achievements can be measured. Participate in the design, implementation and evaluation of operating systems, guides and formats.

Duties and Responsibilities

• Lead the cost accounting and budget administration activities of the company;
• Ensure that the cost accumulation, cost accounting and budget administration system for the company are properly maintained and implemented;
• Verify that the cost classification, accumulation and reporting systems are in place for cost control;
• Approve the accounting records, the schedules, cost sheets and other relevant documents prepared by the cost and budget accountant;
• Ensure that the cost accounting activities are done as per the identified cost centres and cost pools for proper ascertainment and accumulation of costs;
• Ensure that the accumulated and allocated material, labour, production overhead, selling and distribution expenses, administrative and general expenses to cost centres are correctly and timely done;
• Verify that all expenses that may be used to determine cost of production and selling prices are properly and timely recorded;
• Follow up the formats developed for internal use for the cost accounting functions are properly and orderly implemented;
• Participates in the annual budget preparation by providing available information as necessary;
• Prepare budget forecast and investment proposals;
• Ensure that the reconciliation of cost accounting records with general ledgers and other related documents are done correctly and on time;
• Ensures that all approved budgetary adjustment are received and recorded;
• Develop standard costs in consultation with the concerned production personnel;
• Check the timely preparations, consolidation and analysis of budgets and actuals;
• Check the accuracy of periodic comparative reports regarding performance of the company and the efficiency in material, labour and overheads;
• Preparing and timely submitting regular and exceptional reports on matters of cost and budget;
• Verify periodic comparative reports between the actual performance and budget to show the performance variance to the decision makers;
• Check the accuracy of cost reports to the general accounts division for the preparation of periodical interim and annual financial reports;
• Check monthly detail variances analysis reports related to yield, material usage and efficiency by comparing actual performance with standards;
• Check that management monthly budget performance report with an analysis of any significant deviations are correctly and timely done;
• Verify the accuracy and the timeliness of periodical cost of production report;
• Participate in the study of production and consumption of production inputs/materials that help to reach at establishing standards related to the company’s production level; 
• Verify that the cost figures reported by the general accounts are reconciled with the actual cost data;
• Prepare cost information for management decision regarding controlling and reducing costs, determination of selling price, capacity utilization and so on;
• Follow up the proper implementation of approved and implemented budgetary control system;
• Check that the cost accumulation sheet for imported goods matches with full documents contained in the respective foreign purchase file;
• Ensure that regular and exceptional reports on matters of cost and budget are prepared and submitted timely;
• Identify and notify cost and budgetary problems, if any;
• Works out the cost of idle capacity;
• Preparing cost estimates of new or special products for establishing selling prices;
• Check that the monthly cost of production report is produced accurately and on time;
• Lead and coordinate his/her subordinates;
• Check regularly the safe and orderly custody of documents of the company for auditing and other purposes;
• Providing support during the annual audit process by working with the auditors to answer queries and provide analysis as required in a timely manner;;
• Performs others similar duties as assigned

Job Requirements

Education

• First degree in Accounting & Finance

Related Work Experience

• 6 years related work experience

Other Competency Requirements

• Knowledge of some financial software and Microsoft Office

Note: Experience in the FMCG Industry is Preferable. 

How to Apply

Interested and qualified candidates should send up to date CV with cover letter via www.ethiojobs.net