Cost Accountant at Mshel Homes Ltd

Job Summary

The Cost Accountant is responsible for collecting, analyzing, and reporting financial data related to the costs of business operations, especially around property development, construction, and materials usage. This role focuses on cost accounting procedures, ensuring accurate cost allocation, inventory valuation, and financial reporting that supports profitability analysis and pricing decisions.

Key Responsibilities

• Maintain accurate cost records and cost allocation across departments and projects
• Analyze costs of materials, labor, and overhead for real estate and construction projects
• Monitor and track cost trends, identify cost drivers, and suggest areas of improvement
• Manage inventory valuation and reconciliation (building materials, finishing materials, etc.)
• Ensure proper cost allocation to work-in-progress (WIP), finished properties, and unsold inventory
• Periodically review and update the standard cost of items based on current market data
• Support monthly closing processes by preparing cost-related journal entries and reconciliations
• Assist in the preparation of cost of sales reports and contribution margin analysis
• Provide data for the preparation of financial statements and management reports
• Collaborate with the finance team in preparing and monitoring project budgets and forecasts
• Compare actual costs with budgeted costs and explain variances
• Contribute to pricing strategies by providing accurate cost-based data
• Ensure all cost accounting processes adhere to internal policies and relevant accounting standards
• Participate in audits, stock counts, and internal reviews to maintain financial integrity
• Assist in the design and implementation of cost control systems and tools

Education & Experience

• B.Sc/HND in Accounting, Finance, or related field
• Minimum of 3–5 years of hands-on accounting experience