Job Expired
KOMARI Beverage
Finance
Accounting
Addis Ababa
3 years
1 Position
2025-06-03
to
2025-06-14
perform cost accounting activities
Accounting & Finance
Full Time
Share
Job Description
Cost Accountant
Cost Accountants is responsible for the control of fixed and variable costs of products to determine the company’s total cost of manufacturing for effective cost management and decision-making and analyze costs, develop budgets, manage inventory, and identify cost-saving opportunities.
Cost Allocation
One of the primary functions of cost accounting is to allocate costs to different products. This allocation helps in understanding the cost structure and identifying areas for cost control and reduction.
Cost Control
Cost accounting helps in controlling costs by monitoring cost of production and comparing them to standards or budgets. Variances are analyzed to identify areas of inefficiency and take corrective actions.
Cost Reduction
Cost accounting seeks to minimize expenses while preserving or enhancing the quality of products. It involves analyzing cost data to identify areas where cost of production can be minimized through improved processes, better resource utilization, and waste reduction.
Budgeting and Forecasting
Cost accounting provides historical cost data and trends, which are essential for budgeting and forecasting. This information helps in setting realistic budgets and predicting future costs and revenues.
Pricing Decisions
To set prices that both attract customers and generate profits, accurate cost data is important. Cost accounting provides insights into the cost structure, helping businesses determine the appropriate pricing strategy.
Profitability Analysis
Understanding the cost structure allows businesses to analyze the profitability of different products, services, or departments. This analysis helps in making informed decisions about resource allocation and product mix.
Inventory Valuation
Cost accounting provides an accurate valuation of inventory by determining the cost of goods sold and the cost of goods remaining in stock. This data is also important for tax compliance.
Inventory Control
Cost accounting needs to perform inventory controls by ensuring all stock transactions are reflected in the system and analyze all inventory ledgers.
Preparing a production loss report on a monthly basis.
Preparing actual inventory costing on a monthly basis.
Preparing a costs pf goods sold (COGS) report on a monthly basis.
Preparing a price and usage variance analysis on a monthly basis.
Prepare a delivery note summary for finished goods produced during the month.
Control and report finished goods return from commercial warehouses to finished goods store at factory to avoid double excise tax payment up on reissuance of finished goods.
Checking standard unit costs in to a system based on standard costing analysis on a monthly basis.
Preparing and communicating breakage of full goods on a weekly basis to concerned staffs across department.
Monitor inventory disposal
Prepare inventory information required by tax authority and communicate to Finance Manager.
Verifying documentation of stock issue and ensure it follows set procedures
Reconciliation
Cost accounting needs to perform monthly reconciliation all inventory ledgers.
Monthly reconciliation of count Vs subsidiary inventory accounts.
Monthly reconciliation of inventory subsidiary Vs control accounts.
Monthly reconciliation finished goods produced by production Vs finished goods stores at factory.
Monthly reconciliation of free goods issued for promotion
Monthly reconciliation of issued stock and transfers
Monthly reconciliation of production consumption versus system and physical movement. As well as analyzing use of stock versus recipes.
Weekly reconciliation of input materials finished goods, full goods and empty goods stock.
Support team on any tasks as needed e.g., filing, sorting of documentation.
Undertake any additional duties as may be given by Management Accounting Lead or Finance Manager. insights into the cost structure, helping managers make informed decisions about pricing, production levels, product mix, and resource allocation.
Education:
BA/MSc in the Accounting and Finance field of study from a recognized and reputable institution.
Experience:
A minimum of 3 years’ experience in a Senior Finance role.
Skills:
Strong interpersonal, communication and presentation skills.
Reporting and analytical skills.
Attention to detail and ability to manage multiple tasks effectively
Excellent organizational and time management skills.
Competencies /Knowledge, Ability and Skill
Advanced MS office skill
A good working knowledge of ERP software skills.
Those who meet the above requirements can submit their CV using THIS LINK
Kindly Note only short-listed candidates will be contacted.
Female applicants are highly encouraged to apply
Fields Of Study
Accounting & Finance
Skills Required
perform cost accounting activities
Related Jobs
3 days left
JUKI Singapore PTE LTD
Accountant
Accountant
Full Time
0 - 2 yrs
1 Position
Bachelor's Degree in Accounting, Accounting and Finance or in a related field of study with relevant works experience Duties and Responsibilities: - Handle the payroll - Handle the tax payments - Handle the ERCA related works. - Coordinate auditing Required Skills: - Have good English communication skill - Hands on with computer and Microsoft office - Peachtree - optional. -Good knowledge on Ethiopia tax system
24 days left
Golden petroleum
Internal Auditor
Internal Auditor
Full Time
5 - 8 yrs
1 Position
Bachelor's Degree in Accounting and Finance or in a related field of study with relevant work expereince Duties & Responsibilites: - Plan, organize, and execute internal audit assignments in accordance with the annual audit plan - Assess the adequacy and effectiveness of internal controls, risk management, and governance processes - Conduct audits of financial and operational systems, procedures, and policies - Identify weaknesses and recommend improvements to policies, procedures, and controls - Prepare detailed audit reports with findings, conclusions, and actionable recommendations - Monitor the implementation of audit recommendations and follow up on corrective actions - Ensure compliance with internal policies, regulatory requirements, and industry standards
24 days left
Golden petroleum
Senior Accountant
Accountant
Full Time
5 - 8 yrs
1 Position
Bachelor's Degree in Accounting and Finance or in a related field of study with relevant work expereince Duties & Responsibilites: - Prepare and review financial statements, reports, and records - Ensure the accuracy of journal entries, general ledger, and account reconciliations - Manage month-end and year-end closing processes - Analyze financial information and summarize financial status - Support budgeting and forecasting activities - Monitor and ensure compliance with accounting standards (IFRS, GAAP) - Assist with internal and external audits - Supervise and mentor junior accountants or accounting assistants - Maintain and improve accounting systems and processes
29 days left
Hey Trading PLC
Senior Accountant
Senior Accountant
Full Time
2 yrs
1 Position
Bachelor's Degree in Accounting or in a related field of study with relevant work experience Duties & Responsibilities: - Ensure the accuracy and timeliness of all accounting records and financial data. - Prepare and assist in the preparation of various financial reports for management and internal stakeholders. - Prepare and assist in the preparation of various financial reports for management and internal stakeholders. - Verify and process petty cash replenishments. - Ensure all financial transactions are accurately recorded, classified, and posted to the general ledger. - Monitor tax compliance and assist in the timely and accurate submission of tax payments and filings (e.g., VAT, payroll taxes). - Assist in coordinating and preparing for external financial audits, providing necessary documentation and explanations. - Identify and resolve accounting discrepancies and financial anomalies promptly.
about 16 hours left
Habesha Cement Share Company
Cost and Budget Control Manger
Cost and Budget Officer
Full Time
12 - 14 yrs
1 Position
MA or BA Degree in Cost Accounting, Accounting & Finance, Accounting, Financial Management or in a related field of study with relevant work experience, out of which 4/2 years in managerial position respectively.
about 16 hours left
Norwegian Refugee Council (NRC)
Finance Assistant
Finance Assistant
Full Time
3 yrs
1 Position
BA Degree in Accounting and Finance or in a related field of study with relevant work experience Duties and Responsibilities: - Adhere to NRC policies, tools, handbooks, and guidelines - Implements independently procedures and activities within own function or core competency as delegated - Develop and maintain knowledge of the specialist area of work in which technical assistance and support is being provided, to be most effective in supporting the team - Use initiative in day-to-day problem-solving in line with agreed procedures, priorities and standards for the area of work