Stock and Management Account Cost Analyst

  • Job Type: Full Time
  • Location: Lusaka, Zambia
  • Date Posted:

Website Company Name: Zambia Seed Company Limited

Company Summary:

Job Description:

Main Purpose of the Job: Performing actual cost calculation for all inventories of the entity; raw materials, purchased goods and produced finished / semi-finished products and by-products, other low value materials;
Ensure adequate accounting controls and procedures in costing and inventories are effective; Manage research and development cost and track the spend monthly.
Manage Farm financial transactions and expenses and report the farm as a profit center monthly.
Ensure costing model for actual cost calculation applied in the company is effective and in line with accounting and tax regulations;
Control the accuracy of inventory, participating in physical inventory counting; reflect differentials in accounting books and records (deficit, surplus)
Key activities and responsibilities include:
Actual cost calculation
Reflecting data in the Pastel to determine costs of raw materials, purchased goods and produced finished/semi-finished products and by-products; Support data in system with required internal documents.
Accumulate and apply overhead costs as required by accepted accounting principles and local company accounting policy.
Calculate the cost of goods sold as part of the month-end close. Post necessary adjustments in the system.
Cooperate with production and engineering teams, ensuring inputs receiving and accuracy in primary documentation, alignment with records in the system.
Work with the R&D team to calculate actual cost of research and registrations in all countries and ensure accruals are booked as part of the month end close.
Work with the farm Manager to manage the farm expenses and make necessary month end entries.
Review the Farm Revenues and expenses and create a profit and loss for the farm.
Monthly stock reconciliation.
Help to investigate counting variances and resolve issues.
Participate in physical inventory counts and ensure proper reflection of results in accounting books.
Account for other materials and low value items, ensure timely write off and correctness of balances.
Support transactions in system with required internal documents all the way from raw seed to Finished products.
Review the stock of Basic seed in the farm.
Overall responsibility and accountability for Accounting for stock movement:

Outgrower stock receipting
Other Stock Receiving
Stocks into processing
Stocks from processing to finished goods
Transfer of stocks from Bulk to Depots (Dual IBT’s)
Receipting of stock returns into Bulk
Issue of non-manufacture stocks

Analysis and Reporting
Participate in activities during month end close of the General Ledger.
Analysing changes in manufacturing processes and reflect them in Cost Accounting model.
Prepare a stock movement report on a monthly basis.
Responsible for ensuring processed stock accurately recorded in the system
Reporting on processed stock variances
Monthly analysis of Direct and indirect costs for management
Gross profit analysis
Reconciliation of open IBT’s in the system
Work with AR on Stock/Sales reconciliation
Budget model ownership
Forecast model ownership
Feed costs and stock numbers to Financial Controller
Support projects regarding COGS, inventories, spare parts, Farm Management etc. in accounting area.
Bachelor’s degree in Accounting or related business field
2+ years of accounting/finance experience, preferably as a cost accountant.
Experience with ERP, strong Excel user, working experience with large databases
Experience in the agriculture, manufacturing or seed industry is an added advantage.
Experience in Inventory management
Good level in English language
Proven ability to work cross-functionally within the company through strong influencing and leadership skills.
Strong project Management and organization skills and ability to handle multiple projects.
Strong listening skills & capable to influence and align internal and external needs towards actionable business tactics & strategies on a proactive basis.
If you meet the above qualifications, please apply, enclosing your up-to-date CV only with three traceable references, to the address below;
The Human Resource and Administration Manager, Zambia Seed Company Limited, P.O Box 35441, Plot 4297, Buyantanshi Road, Industrial Area, Lusaka, Zambia.
E-mail applications should be sent to: [email protected] Please note that only C.Vs should be attached to e-mail applications.

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