Cost Accountant (ROSCO PROCOM LTD)

The Cost Accountant will play a key role in analyzing and managing costs related to the importation, warehousing, and export of industrial equipment.

JOB SUMMARY

The Cost Accountant will play a key role in analyzing and managing costs related to the importation, warehousing, and export of industrial equipment. This includes evaluating landed costs, inventory valuation, and operational expenses to support strategic decision-making and improve financial performance.

JOB RESPONSIBILITIES:

• Calculate and analyze landed costs including freight, duties, insurance, and handling fees.
• Monitor and report on cost variances between actual and standard costs.
• Prepare detailed cost reports for imported and exported equipment.
• Conduct margin analysis by product line and customer segment.
• Reconcile inventory accounts and ensure accurate valuation of stock.
• Collaborate with logistics and warehouse teams to track inventory movements.
• Support periodic stock counts and audits.
• Assist in preparing cost budgets and forecasts for procurement and logistics.
• Monitor actual costs against budget and provide variance analysis.
• Process and reconcile foreign supplier invoices, ensuring accuracy in exchange rates and landed cost allocations.
• Coordinate with banks and suppliers to manage international wire transfers and payment schedules.
• Track and assist with foreign currency exposures and ensure timely settlement of overseas payables.
• Reconcile foreign supplier statements monthly
• Clear all Goods Received Notes (GRNs) within 2 days of invoice receipt by Finance.
• Ensure supplier credit terms are strictly adhered to.
• Ensure timely reconciliation of the importation charges account.
• Conduct investigations into costing discrepancies and take corrective action to resolve errors.
• Maintain proper documentation and ensure organized file management for all AP records.
• Ensure compliance with local customs regulations, VAT, and other statutory requirements.
• Maintain accurate documentation for all import/export transactions.
• Work closely with procurement, logistics, and sales teams to understand cost drivers.
• Provide financial insights to support pricing strategies and supplier negotiations.

EDUCATION

• Bachelor’s degree in Accounting, Finance, or related field.
• Professional certification (e.g., ACCA, CPA, CMA) is an asset.