Inventory & Cost Account Analyst

To coordinate and implement inventory control checks, reconciliations and procedures in accordance with approved procedures.

Key Duties

• To review production postings weekly, query variances posted and follow up for explanations.
• To monitor actual production cost and advise on variances compared to standard cost.
• To report findings to management weekly and ensure report reconciles to the GL.
• To attend cycle counts for Raw & Packaging with Supply Chain on A & B items.
• To ensure count procedures are adhered to and review of the reconciliations to the book quantities.
• To lead stock counts when Finance is attending and report on any variances and issues identified in regards to internal controls and ensure variances are properly investigated and explanations recorded.
• To verify the physical count reconciles to the on hand after supply chain adjust the inventory to the on hand stock counts.
• To review finished goods adjustments and reconciliations and ensure all variances are investigated and properly explained. Alert to deviations in controls and procedures.
• To generate costing documents for foreign costings and entry into the Accounts Payables. Highlighting price variances and recommending course of action
• Prepare the following reports for the Monthly Financial Statements:
    - Raw & Packaging Usage Variance
    - Raw & Packaging Stock Variance and circulate internal for review
    - Finished Goods Stock Variance and circulate internal for review
    - Carton Weight Variance
    - Yield Variance
    - Price variance
• To perform audit in production of the various line
•  To perform GL reconciliations and recommend corrections.
• To assist in updating costings on a quarterly basis based on data gathered from supply chain inbound and the impact to GP’s
• To perform and provide recommendations for local and export pricing decisions.
• Monitor G P% for all markets and provide analyses and recommendations
• To assist the department in any other area when necessary, when called upon.

Knowledge , Skills & Abilities

• Ability to apply knowledge of general accepted accounting principles and cost accounting standards
• Competent in Microsoft Office with advanced knowledge of Microsoft Excel.
• Ability to research, compile, analyse and interpret data.
• Excellent organizational and Analytical skills.
• Knowledge of Cost accounting and Inventory management and practices Level II/III in ACCA  At least 3-4 years working experience in similar field