Plant Accountant - Manufacturing Plant

Job Summary: As the Factory Accountant, plant accountant, Cost Accountant, you will be responsible for managing and overseeing the financial operations of our manufacturing facility. This role requires a proactive professional with strong technical accounting skills and experience in a manufacturing environment. The Factory Accountant will ensure accurate cost allocation, budget monitoring, and financial reporting, thereby supporting effective decision-making and operational efficiency at the factory level.

Key Responsibilities:

1. Cost Accounting & Analysis:
   
   • Oversee and manage all aspects of cost accounting, including material, labor, and overhead costs.
   • Prepare detailed cost reports, analyze variances, and recommend cost-control measures.
   • Collaborate with production and procurement teams to monitor and allocate manufacturing costs accurately.
2. Financial Reporting:
   
   • Maintain the general ledger for the factory and ensure timely and accurate month-end, quarter-end, and year-end closings.
   • Prepare financial statements and management reports that reflect the financial performance and position of the factory.
   • Assist with the preparation of budgets and forecasts, comparing actual results to budgeted figures.
3. Inventory & Fixed Assets Management:
   
   • Ensure proper accounting for inventory and raw materials in accordance with local standards.
   • Track and reconcile fixed assets, ensuring proper capitalization, depreciation, and disposal procedures are followed.
4. Compliance & Internal Controls:
   
   • Ensure adherence to statutory requirements and internal accounting policies and procedures.
   • Coordinate and support external audits, providing necessary documentation and analysis.
   • Continuously monitor and enhance internal controls within the factory's financial processes.
5. Process Improvement:
   
   • Identify opportunities to streamline accounting processes and enhance reporting efficiency.
   • Implement best practices and support the integration of new financial systems or ERP solutions.
6. Collaboration & Communication:
   
   • Liaise with production managers, procurement teams, and other relevant departments to support financial decision-making.
   • Communicate financial insights and recommendations to senior management to drive operational improvements.
   • Provide training and guidance to junior accounting staff as needed.

1. Education:
   
   • Bachelor's Honors degree in Accounting, Finance, or CIMA qualification.
2. Experience:
   
   • Minimum of 3-5 years of accounting experience, with a strong preference for candidates with a background in manufacturing or industrial environments.
   • Proven experience in cost accounting, inventory management, and financial reporting.

1. Technical Proficiency:
   
   • Strong understanding of manufacturing cost structures and principles.
   • Proficient in accounting software and ERP systems (e.g., SAP, Oracle, or similar).
   • Advanced MS Excel skills.
2. Analytical & Problem-Solving Skills:
   
   • Excellent analytical capabilities with attention to detail and accuracy.
   • Ability to interpret complex financial data and provide actionable insights.
3. Communication & Interpersonal Skills:
   
   • Effective communicator with the ability to collaborate across departments.
   • Capable of presenting financial information clearly to both technical and non-technical audiences.
4. Organizational Skills:
   
   • Strong time management and organizational skills with the ability to handle multiple priorities and meet deadlines.
5. Adaptability:
   
   • Comfortable working in a dynamic, fast-paced environment with changing business needs.

1. 3-5 years of accounting experience
2. Strong costing experience
3. Plant factory experience
4. Numerical
5. Reporting