Management/Administrative Responsibilities: N/A Technical/Professional Responsibilities Costing: - Plans, studies, and collates data to determine the per unit and landed cost of manufactured and imported products and activities;
- Performs costing for special projects or activities to be undertaken by the company to determine whether the company should buy or manufacture inventory or buy, rent or lease fixed assets.
- Analyze and report on the financial implication of the changes in product design, raw materials, manufacturing methods or services provided, to control and or minimize cost;
- Management & Cost Accountant on production and manufacturing costs related to production and distribution;
- Reconciles Finished Goods inventory to vendor account
- Maintain the Finished Goods and Finished Goods Credit Clearing account
- Generate and analyze finished goods report, investigate and diagnoses cause(s) of inventory variance;
- Prepares report on finished goods shrinkages, damages and other discrepancies
- Prepare monthly expenditure reports per department and collectively
- Assist management & Cost Accountant with the development of accounting templates for accurate reporting.
- Analyzes actual manufacturing costs and prepares quarterly reports comparing actual production costs to budgeted costs
- Recording cost information for use in controlling expenditures
- Submit to the Management and Cost Accountant on a monthly basis, a detailed report of data findings on any inaccuracies between budgeted and actual production data as well as internal control and inventory systems.
- Prepares and enter journal entries and distributes reports under the directive of the Management & Cost Accountant
- Responds in a timely manner to all audit queries on manufacturing/production costs which originate from both the Internal Auditor and the External Auditors (Auditor General’s Department).
- Participates in managing and interpreting costs audits and preparing cost accounting reports for presentation to the Management & Cost Accountant for submission to the Chief Executive Officer, Financial Controller & Company Board
- Participates in physical inventory counts for the Company
- Participates in reviewing actual manufacturing costs and prepare monthly reports comparing actual to forecasted manufacturing costs
- Attends various meetings with internal personnel regarding the financial health of company as directed by the Chief Executive Officer, Financial Controller and Management & Cost Accountant
Internal Control: Assist the Management & Cost Accountant with the formulation of policies and procedures to strengthen and improve internal controls, compliance and efficiency to ensure the company has adequate controls in place to prevent unintentional and intentional errors in financial reporting, processes and business operations. - Gather data for control testing (Vouching & Tracing) and routinely performing detailed departmental transaction reviews.
- Identify and submit report on internal control breaches, exceptions, gaps and deficiencies that could potentially lead to control risks and material misstatements to ensuring appropriate and timely remedial action
- Ensure that control documentation is maintained monthly and reflect any changes in business operations and is relevant and consistent
- Deliver adequate and timely reporting on the internal control framework and control deficiencies to ensure appropriate communication, documentation, escalation to key stakeholders, senior leadership and audit committee
- Work with the Management & Cost Accountant to submit proposals on the standardization and automation, application and implementation of best practices for managing internal controls and deploy innovative technology where possible to enhance and continuously improve the design and operating effectiveness of the controls, documentation, assessment and review procedures
- Perform weekly audit of Production, Warehouse & Distribution department to consistently monitor physical filing systems, evaluate the effectiveness (strengths and weaknesses) of financial systems, inventory control processes, and governance over Raw material and Finished Goods Inventory.
- Under the guidance and supervision of Management & Cost Accountant, assist with the formulation of policies, establishment of reporting guidelines and improvement of reporting processes.
- Recommend controls to effectively manage and improve or enhance the performance of inventory systems and mitigate inventory variances.
- Submit to the Management accountant monthly report on complete Sox control testing and deficiency management for each department.
Human Resource Responsibilities: N/A Other Duties: Performs any other related duties that may be assigned by the Management & Cost Accountant and Financial Controller. |
