Job Summary:

Our client, a leading company in the lubricant production sector, is seeking a highly skilled Cost Accountant to analyze, control, and optimize production costs. The ideal candidate must have mandatory experience in a company that produces lubricants, manages raw material procurement, and processes them into finished goods. This role is critical in determining the overhead cost per unit, ensuring cost efficiency in production, and setting competitive pricing strategies.

The successful candidate must be a Chartered Accountant with relevant certifications, a strong knowledge of accounting tools, and a deep understanding of cost analysis, financial modeling, and market trends.

Must be willing to provide police clearance for criminal record verification.

Key Responsibilities:

Cost Analysis & Financial Modeling


Analyze the total cost of raw materials, production, and overhead expenses to determine the actual unit cost per product.
Develop and implement cost control strategies to optimize profitability.
Monitor market trends, inflation, and industry pricing to recommend competitive pricing models.
Provide insights into cost fluctuations, financial risks, and production expenses.


Budgeting, Forecasting & Pricing Strategy


Assist in developing cost budgets, forecasts, and financial projections.
Calculate the cost of production per unit, considering raw material costs, labor, rent, and operational expenses.
Recommend pricing structures for finished goods based on running costs and profit margins.
Identify cost-saving opportunities to enhance production efficiency.


Inventory & Procurement Cost Management


Track inventory costs and raw material usage to prevent waste and inefficiencies.
Work closely with procurement teams to analyze supplier costs and negotiate better terms.
Monitor stock levels and cost variances to maintain financial accuracy in reporting.


Compliance, Reporting & Financial Control


Ensure compliance with financial reporting standards and accounting principles.
Prepare detailed cost reports, variance analysis, and financial statements for management.
Utilize accounting software such as QuickBooks, Sage, DocuWeb, and Microsoft Excel to manage cost data efficiently.
Conduct regular cost audits to ensure financial integrity.


Key Requirements:


Minimum of 2 years’ experience as a Cost Accountant in a company that produces lubricants, purchases raw materials, and processes them into finished goods (mandatory).
Must be a Chartered Accountant (ICAN, CFI, ACCA, or equivalent certification required).
Strong knowledge of cost accounting principles, financial modeling, and market trend analysis.
Proven experience with accounting tools such as QuickBooks, Sage, DocuWeb, and Microsoft Excel.
Ability to analyze cost structures and recommend cost-effective production strategies.
Strong negotiation skills to manage supplier costs and procurement processes.
Must be willing to provide police clearance for criminal record verification.


Experience: Minimum of 2 years (Mandatory experience in a company that produces lubricants, purchases raw materials, and processes them into finished goods)