Management Accountant at NFT Consult

Reporting to the Manager – Finance and Procurement, the position will be responsible for analyzing and presenting financial reports in an accurate and timely manner, managing the annual audit process, coordinating the annual budgeting and planning process as well as managing the vat, tax and required statutory returns, submissions and payments. The position will liaise closely with the procurement and production departments to monitor & prepare the relevant management and Cost accounting reports.

Responsibilities

Financial and Accounting Operations:

• Financial Planning
• Financial analysis
• Preparations of timely and accurate monthly/quarterly management reports
• Prepare Balance Sheet analysis, review P&L and perform necessary adjustments
• Perform fixed asset processing to enable reporting and Capital expenditure management
• Handling statutory deductions and tax payments while observing the stipulated deadline dates of submission, this includes the following taxes, Income tax, VAT, PAYE, Withholding tax, NHIF, NSSF NITA levies etc.
• Implementation of financial risk management policies of the company, which include insurance of assets and open risks, tax risk management and forex risks.
• Ensure also that the company working capital is safeguarded by maintaining adequate cash flow.
• Coordinate both external and internal audits and ensure effective implementation of audit recommendations, making of final accounts.
• Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory and labor.

Cost Accounting

• Development of pricing models by analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost
• Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs
• Making estimates of new and proposed product costs
• Providing management with reports specifying and comparing factors affecting prices and profitability of products or services.
• Responsible to check and reconcile manufacturing variances and yields analysis and interpretation of cost variances on a monthly basis
• Prepare detailed cost reports for manufacturing, identifying key overspends and variances and identifying opportunities of improvements
• Review and recalculate raw material, finished goods and other base costs and determine impact to business by applying changes

Qualifications

• Bachelor’s degree in Commerce (Accounting/Finance Option), Business Management (Accounting/Finance Option), Economics, or equivalent qualification from a recognized Institution
• Qualified  Accountant  (CPA (K), ACCA , or equivalent) are a mandatory requirement
• Be registered with a professional body such as CPA, ACCA.
• At least 5 years of management accounting with exposure to cost accounting in a busy Manufacturing/FMCG environment.
• In depth understanding of manufacturing/FMCG processes
• Demonstrated professional competence and administrative capability as reflected in work performance and results
• Strong financial and accounting knowledge (IFRS)
• Strong consolidation knowledge and experience
• Statutory understanding (companies act and Tax)
• Financial analysis experience
• Good knowledge of any accounting software e.g. profix and SAP R3.

Functional Skills

• Strong analytical skills and attention to detail— Synthesizes complex or diverse information; collects and researches data; uses intuition and experience to complement data
• Aptitude in decision-making and working with numbers
• Ability to multitask, prioritize, and manage time efficiently
• Ability to work well with management and staff at all levels
• Trend analysis

Personal Qualities

• Ability to work under pressure
• Excellent communication and interpersonal skills.
• Demonstrate meticulous attention to detail
• Extremely well organized and self-directed individual with sound technical skills, and analytical ability