Position:
Management Accountant
Reports To: Finance Manager
Supervision:
Reports To: Finance Manager
Supervision:
- Assistant
Accountants
- Warehouse
Assistants
- Stores
Assistants
- Banks
- Auditors
- Suppliers
Main
Internal Contacts:
- Finance
Manager
- Heads
of Departments
Broad
Function: The
Management Accountant (MA) monitors and advises management on the performance
of the company in terms of costs and profitability and preparation of
management accounts and reports.
The MA
is also in-charge of Fixed Assets.
Primary Duties / Responsibilities
Primary Duties / Responsibilities
- Prepare
timely and accurate financial budgets and forecasts by consolidating
individual departmental budgets.
- Consolidate
cost and revenues and extract management information for decision making.
- Analyze
the business' financial and general operating information to identify
trends and opportunities for development
- Analyze
budget and other financial variances (such as product margins) and advise
Group Finance Manager accordingly.
- Provide
financial information to senior management, including budget reports and
performance of Cost Centres.
- Review
investment proposals to determine their viability
- Assess
the impact of changes in pricing, sales volume and costs that affect
profitability on monthly basis.
- Evaluate
non-financial indicators, such as stock turnover, quick ratio, debtor’s
ratios, cash ratios, profitability ratios, etc and report on their effect
on businesses performance or profitability.
- Oversee
the stock take exercise (including spares) and ensure accurate stock
records (length and weight) at all times. Investigate and promptly report
on any variance
- Issue
monthly and yearly stock take instructions.
- Maintenance
of the Fixed Assets register and ensuring that the fixed assets file is up
to date with relevant and accurate supporting documentation according to
laid down procedure. Ensure that Fixed Assets register tallies with
general ledger balances at all times. Ensure that Fixed Assets are
counted once every year and reconciled with Fixed Assets register.
- Ensure
that all costing (including Raw Materials, WIP, Finished goods, spares and
Drum production) are done and captured accurately. Ensure accuracy
of monthly weighted average costs.
- Conduct
financial analysis as required.
- Monitor
performance of cost Centres and advise the Group Finance Manager
accordingly.
- Assist
the Group Finance Manager in maintaining desired working capital levels
- Participate
in planning and supervising systems used to record income, spending and
cash flows
- Prepare
forecasts and projected future cash flows for the business
- Monitor
costs such as scrap, wages, overtime, materials, equipment maintenance,
marketing and all other costs.
- Identify
areas of the business where inefficiencies may occur and advise the Group
Finance Manager accordingly.
- Prepare
monthly management reports within the set deadline.
- Ensure
proper computation of VAT, IDF and any duty on imported raw materials,
spares, finished goods among other imports.
- Analyze
and ensure accuracy of Sales, Cost of Sales, Cost of Production, Cost of
Finished Goods, Cost of Scrap and other Costs of Sales components and
report any significant finding to Group Finance Manager. Any abnormal
deviations from norm must be reported to the Group Finance Manager.
- Authorize
goods returned notes in accordance with laid down procedure before credit
notes are issued to confirm validity and reasons of return.
- Raise
capital expenditure forms for approval to acquire fixed assets as per
procedure.
- Authorize
requisitions and Local Purchase Orders in the absence of Group Finance
Manager.
- Train
and propose training programs for all staff under your supervision and
ensure they are well skilled to provide high level services to the
Company.
- Review
monthly and ensure adequate insurance covers for all stocks (including
goods in transit), public product liability, fire and perils, con loss
(fire & perils), all risks, all fixed assets and Plant breakdown
compensation covers. Consult with the insurance brokers to ensure
that the policies are adequate and sufficient. Report to the Group Finance
Manager on any short fall or omissions immediately. Ensure all
assets in the register are adequately insured.
- Initiate
letters of credit, TT payments and negotiate competitive forex rates and
payment commissions with banks on all stocks and fixed assets related
payments.
- Evaluate
and advice on the Company’s Break-even scenarios on monthly basis.
- Monitor
sales performance in terms of value, margins, length (Km) and volume (Kgs)
of fast moving products on a monthly and cumulative basis, compare with
prior year, budget and report on variance. Compute and advise
management of which copper products account for 70% of the product
category turnover at any given period. This should also be done for
gross copper turnover.
- Conduct
or course a staff to conduct surprise checks on loaded delivery vehicles
to ensure that physical goods tally with sales documentation. This
should be done at least once a week.
- Ensure
that processes needed for the Quality Management System (ISO 9001:2000)
are established, implemented and maintained.
- Ensure
that control procedures set are strictly adhered to at all times.
Report any deviation to the Group Finance Manager immediately.
- Review
set control procedures for continued suitability and recommend any changes
to the Group Finance Manager.
- The
above duties are just a guide and not exhaustive. You are required to
oversee all the companies’ management and cost accounts operations and
ensure integrity of records and reporting and that controls within
thin this area of the company are not compromised. Innovation is also key
to your job.
- Any
other duty that may be assigned from time to time by the Group Finance
Manager.
Person
Specifications
Education / Qualifications: A bachelor’s degree in a business related field
Professional Qualifications: CPA (K) or ACCA qualifications
Experience: At least five years experience two of which should be at supervisory level
Skills
Education / Qualifications: A bachelor’s degree in a business related field
Professional Qualifications: CPA (K) or ACCA qualifications
Experience: At least five years experience two of which should be at supervisory level
Skills
- Ability
to exercise sound judgment
- Strong
financial analysis skills
- Knowledge
of computerized accounting systems and
- Applications
such as MS Office Excel and Word
- Ability
to work under pressure and to meet deadline
- Honest
and possessing a high level of integrity
How to
Apply
Qualified candidates to forward their cvs to cvs@cdl.co.ke cc talentaquisition12@gmail.com by 15th May 2016
Qualified candidates to forward their cvs to cvs@cdl.co.ke cc talentaquisition12@gmail.com by 15th May 2016
At the
subject of your email kindly indicate the position you are applying for.