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Chief Accountant – Cost, Inventory & Fixed Assets
Kerchanshe Trading Company
Addis Ababa, Ethiopia
Permanent
Published 1 month ago · Expires 3 weeks from now
Job description
## Title: Chief Accountant – Cost, Inventory & Fixed Assets
Job Summary
The Chief Accountant will provide strategic oversight and leadership for the Costing, Inventory, and Fixed Asset division. This role ensures the accuracy of production costs across manufacturing and agricultural sectors, oversees the valuation of biological assets, and maintains the integrity of the company's multi-sector asset base.
Key Duties and Responsibilities
Strategic Cost Management
- Design and oversee standard costing systems for manufacturing and agriculture sectors
- Perform variance analysis (Material, Labour, and Overhead)
Biological Asset Valuation
- Lead the accounting and valuation of biological assets (coffee plantations and livestock) in accordance with IAS 41
- Ensure growth and harvest costs are accurately capitalized
Inventory Governance
- Establish and enforce robust inventory control procedures across all warehouses (Merchandising, Export-ready coffee, and Raw materials)
- Establish inventory control procedures at new warehouse locations and strengthen procedures at existing locations
- Implement corrective actions in conjunction with logistics to mitigate financial risks
- Ensure accurate inventory records are maintained and inventory levels are replenished in a timely manner
- Conduct random audits of fixed assets to ensure compliance and accuracy
Fixed Asset Oversight
- Oversee the Company's Fixed Asset Register (FAR)
- Ensure accurate depreciation and impairment testing
- Track capital expenditure (CapEx) of fixed assets
Export & Logistics Costing
- Analyze and optimize the cost-to-export for coffee and other agricultural products
- Monitor freight, duties, and foreign exchange (Forex) impact on inventory valuation
Financial Reporting & Audit
- Lead month-end and year-end closing for the division
- Serve as the primary point of contact for external auditors regarding inventory and asset valuations
Process Improvement
- Drive ERP optimization to automate cost allocations
- Improve the accuracy of Cost of Goods Sold (COGS) across diverse business lines