Senior Cost and budget Accountant expert

Position Overview

This position offers a great opportunity for career growth within the Finance Department at our factory location in Addis Ababa, Ethiopia.

Employment Details

• Employment Type: Full-time
• Department: Finance Department
• Location: Factory
• Reports to: Cost Accounting and Budget Administration Team Leader

Key Responsibilities

Cost Accounting and Reporting

• Oversee and manage the preparation of cost accounting reports, including standard costing, job order costing, and process costing
• Maintain and update cost systems and records, ensuring accurate allocation of costs for materials, labor, and overhead
• Prepare monthly, quarterly, and annual cost reports for management, summarizing cost performance, variance analysis, and cost trends

Cost Analysis and Variance Reporting

• Perform in-depth analysis of cost variances by comparing actual costs to budgeted or standard costs, identifying root causes of discrepancies
• Analyze cost data to support pricing decisions, inventory management, and product profitability
• Provide actionable insights to senior management on cost control and improvement opportunities

Cost Control and Optimization

• Monitor and track key cost drivers within the organization, recommending and implementing cost-saving measures to improve operational efficiency
• Support initiatives to reduce waste, improve resource utilization, and optimize supply chain and production costs
• Implement strategies to maintain or reduce costs while ensuring quality and performance standards

Budgeting and Forecasting Support

• Assist in the preparation and management of budgets and financial forecasts

Required Equipment and Materials

Equipment

• Computer with accounting software (e.g., QuickBooks, Xero)
• Printer and scanner for document management
• Calculator for financial calculations
• Filing cabinet for organized record-keeping

Software

• Accounting software (e.g., QuickBooks, Xero)
• Microsoft Office (Excel)

Materials

• Accounting journals and ledgers
• Financial report templates (e.g., balance sheets, income statements)
• Calculators and pens/pencils for record-keeping
• Office supplies (e.g., paper, folders, staples)