Senior management accountant.management accounting

KEY ACCOUNTABILITIESDescriptionReportingPrepare management information reports in order to ensure that Senior Management have the relevant performance management information needed to support strategic decision‑making.Ensure timely and effective preparation of monthly product cost sheet, process‑wise for DRI, Billet and rebar production.Preparation of monthly product cost report presentationPreparation of monthly report presentation for CMO and production departments, process‑wise, unit‑wise, covering processing cost, specific consumptions, input price trend, etc.Assist in cost variance analysis working, co‑ordinate with production departments for reasons for variance.Continuous Improvement (Cost benefits analysis)Develop formats to capture requisite data for systematic analysis of plant operations related cost saving initiatives.Provide accurate and up‑to‑date input price and other cost details for operational analysis. Co‑ordinate with business functions to ensure correctness of the data.Prepare accurate, timely and cost‑effective management accounts and highlight variances so that management can take effective action to improve operating performances.Inventory Accounting functionsPhysical tag adjustment of product shipments and inventory adjustments.Inventory write off/disposal – analyse and prepare papers for management approval.Prepare monthly overhead absorption rate working.Co‑ordinate activities and internal collaborationCo‑ordinate physical inventory count and verification process.Assist in dealing with internal auditor and statutory auditors for inventory and material accounting related issues.Providing support on material accounting related issues to user departments such as Production Planning, Plant units, Procurement and Warehouse, Maintenance department, Supply chain & logistics department, etc.Policies and ProceduresDevelopment of costing system for new products & processes.Preparation of procedure document for activities related to costing, inventory etc, its continuous review and update.Continuous ImprovementContribute to the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.ReportingAssist in the preparation of timely and accurate statements and reports to meet department requirements, policies, and quality standards.Quality, Health, Safety & EnvironmentComply with all relevant safety, quality and environmental management policies, procedures, and controls to ensure a healthy and safe work environment.OtherCarry out any additional tasks as required by the Management.QUALIFICATIONS, EXPERIENCE, & SKILLS:Minimum Qualifications:University Degree in FinanceCA, CMA or CIMAqualification would be preferable.Minimum Experience:8 years’ experience in Management Accounting in a manufacturing organisation. Steel Industry experience would be preferable.Job-Specific Skills (Generic / Technical):Well‑rounded knowledge of Cost Accounting / IFRS standards.Very good Knowledge of performance management.Very good Computer skills, MS Excel & Power point.Very good Planning and organising skills.Management potential and leadership ability.Very good standard of written and spoken English.Skills in effective communication, operational and financial analysis.Interpreting statistics and evaluating performance, preparing comprehensive reports.Ability to work both independently and as part of a team.Report writing skills.Good workable knowledge in ERP environment.