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 by preparing cost-related reports and documentation.

Qualifications and Experience

• Education: Bachelor's Degree in Accounting, Finance, or a related field. A professional qualification (e.g., ACA, ACCA, CMA) is highly desirable.
• Experience: Minimum of 7 years of experience as a Cost Accountant or similar role, preferably in a manufacturing or recycling industry.

Technical Skills:

• Proficiency in cost accounting principles and practices.
• Strong knowledge of ERP systems (e.g., SAP, Oracle) and advanced Excel skills.
• Familiarity with industry-specific costing methods and inventory valuation techniques.

Soft Skills:

• Analytical mindset with excellent problem-solving abilities.
• Strong communication and interpersonal skills for cross-functional collaboration.
• Attention to detail and ability to manage multiple tasks effectively.