Cost Accountant at Neveah Limited

Job Purpose

The Cost Accountant will be responsible for monitoring and analyzing the costs associated with the production and operations of the aluminum and copper recycling plant. The role involves ensuring cost efficiency, preparing detailed cost reports, and providing actionable insights to support financial and operational decision-making.

Key Responsibilities

Cost Analysis and Reporting

• Analyze costs incurred in production processes, including raw material procurement, labor, and overhead
• Develop detailed cost reports and variance analyses to monitor performance against budget
• Provide insights into cost-saving opportunities and process improvements

Inventory and Fixed Asset Management

• Manage the valuation of raw materials, work-in-progress, and finished goods inventory
• Ensure accurate cost allocation and reconciliation of inventory
• Maintain and monitor the fixed asset register for the plant

Budgeting and Forecasting

• Collaborate with the finance and operations teams to prepare annual budgets and forecasts
• Monitor and report variances between actual costs and budgets, providing explanations and corrective actions where necessary

Cost Control and Optimization

• Implement cost control measures and track their effectiveness
• Conduct profitability analysis for different production lines and product categories

Compliance and Internal Controls

• Ensure adherence to accounting standards, company policies, and regulatory requirements
• Establish and maintain robust internal controls related to costing processes

Data Management and Reporting Tools

• Develop and maintain cost accounting systems, tools, and reports
• Utilize ERP systems for real-time cost tracking and analysis

Collaboration and Support

• Work closely with the production, procurement, and logistics teams to ensure accurate cost data
• Provide support during internal and external audits