Cost Accountant (Oil Palm)

We are recruiting to fill the position below:

Job Title: Cost Accountant (Oil Palm)

Location: Lagos
Employment Type: Full-time

Role Overview

• The Cost Accountant meticulously tracks and analyzes all expenses while supporting strategic decision-making through financial insights.
• Oversee financial management, strategic planning, and risk management to drive business growth and profitability.

Key Responsibilities

• Communicate financial results to management and non-financial stakeholders.
• Ensure compliance with accounting standards and regulations while identifying financial risks.
• Develop and manage budgets. Prepare and review forecasts and analyze budget variances.
• Collaborate with other departments.
• Develop and implement cost accounting systems. Track and analyze direct and indirect costs.
• Conduct special financial studies and analyses and implement process improvements.
• Conduct sensitivity analysis and support financial planning.
• Supervise and mentor cost accounting staff.
• Conduct cost-benefit analyses and recommend cost-saving opportunities.
• Present financial information to senior management.
• Develop and implement inventory management systems.
• Develop and maintain financial models and forecasts. Conduct variance analysis and identify areas for improvement.
• Analyze and report financial performance. Prepare and review financial statements (balance sheet, income statement).
• Track and analyze inventory levels and recommend optimization strategies.
• Provide financial support for strategic initiatives.

Key Performance Indicators (KPIs)

• Overhead Cost Variance > 10% per quarter
• Gross Margin Percentage > 60% per quarter
• Inventory Turnover Ratio 8% annually
• Net Profit Margin > 60% per quarter
• Operating Expense Ratio 10% bi-annually
• Revenue Growth Rate > 95% per quarter
• Material Cost Variance 18% annually
• Inventory Accuracy 89% annually
• Capital Expenditure (CAPEX) Variance 5% per quarter

Requirements/Qualifications
Educational Qualifications:

• MSc, BSc or HND in Accounting

Professional Certifications:

• Institute of Chartered Accountants of Nigeria (ICAN)
• Association of Chartered Certified Accountants (ACCA)
• Chartered Institute of Management Accountants (CIMA)
• Association of National Accountants of Nigeria (ANAN)