Cost Accountant

Role SummaryThe Cost Accountant will play a key role in tracking, recording, analyzing, and controlling production costs, ensuring accurate reporting, and supporting management decision-making. The role requires strong analytical skills, attention to detail, and the ability to work closely with production, procurement, and management teams to drive cost efficiency and profitability.Key ResponsibilitiesCost Accounting, Recording & ReportingMaintain detailed cost records for raw materials, labour, utilities, and overheads.Develop cost sheets for production lines and ensure accurate allocation of costs.Prepare monthly cost of goods manufactured (COGM) and cost of goods sold (COGS) reports.Record transactions on company ERP systemStandard Costing & Variance AnalysisEstablish standard costs and conduct regular variance analysis (material, labour, overheads).Support management with insights into production efficiencyBudgeting & ForecastingAssist in preparation of annual and quarterly budgets.Prepare rolling cost forecasts and budget-to-actual variance reports.Support scenario analysis on raw material and production cost changes.Inventory & Stock ManagementMonitor and reconcile raw material and finished goods inventory.Supervise physical stock counts and report variances.·Ensure proper valuation of stock in line with company policy.Cost Control & ReductionIdentify areas of inefficiency and recommend cost-saving measures.Track utility and maintenance costs per unit of production.Work with procurement to minimize material costs, wastage smooth production process.Pricing & Product CostingCalculate unit production costs for different products and packaging.Provide accurate cost data for pricing decisions and tenders.Analyze profitability by product line and recommend adjustments.Compliance & Internal AuditingEnsure compliance with IFRS, Ethiopian tax laws, and company policies.Support internal and external audits with cost-related reports.Maintain a strong internal control system for cost accounting.Reporting & CollaborationPrepare periodic cost reports for management.Work with production, quality, procurement, and HR teams to capture accurate cost data.Present cost analysis for management decisions and strategic planning.