Accountant- Costing & Analysis at Haco Industries Kenya Limited

Duties and Responsibilities

• Monitor and analyse unit cost variance and purchase price variances and make recommendations for remedial actions.
• Prepare monthly profit and loss reports for all markets and market segments as required.
• Oversee inventories count process, prepare monthly inventory movement and valuation reports, audit and adjust inventory variances and share the stock take reports with management.
• Develop and recommend pricing strategies to optimize profit margins while staying competitive.
• Proactively monitor market prices and cost movements and recommend products price reviews.
• Make accurate budgets and estimates while accounting for upcoming financial needs and trends that may have an impact on expenditure.
• Collaborate with other teams to develop and implement cost management initiatives that complement the objectives of the business.
• Maintain system price lists/ generate price lists & costing for all products.
• Spearhead the conception and implementation of continual improvement initiatives to increase cash flow to the business i.e. through the review of policies and procedures.
• Analyze costs of raw materials and other supplies and create cost-benefit analyses to aid the management in decision making.
• Develop financial models to forecast future expenses based on trends and operational changes.
• Assist in the preparation of business cases for acquisition of equipment and track and report the outcomes against the business case.
• Evaluate and recommend changes to the company’s processes and policies to reduce costs and maximize profit.

Role Requirements

• Bachelor’s degree in finance, accounting or a Business-related field from a recognized University.
• Recognized professional certificate in accounting such as CPA (K), ACCA or CIMA equivalents.
• A minimum of 5 years’ experience in a similar role in FMCG or experience in a reputable audit firm.
• Member of The Institute of Certified Public Accountants of Kenya (ICPAK).
• Proven track record in conducting cost analysis, budgeting, and financial modelling.
• Outstanding business acumen, knowledge of accounting processes and attention to detail to ensure the integrity of financial reports and analysis.
• Excellent data analysis and reporting skills.