Position Title: Management Accountant
Reports to: Finance Manager/CFO
Division: Head Office
Department: Finance
Duration: 18 months
Job Purpose:
The Management Accountant will actively contribute to data collection, presentation, and management analysis. This role involves analyzing financial trends, preparing scenarios, and understanding key business drivers. The position also assists the Finance Manager and CFO in budgeting, forecasting, and monthly closing of accounts as needed.
Key Responsibilities:
• Conduct daily analysis of sales and production data, comparing with budgeted figures.
• Monitor the company’s financial performance in real-time, highlighting any variations or discrepancies to management.
• Perform regular financial and management analysis, including monthly and quarterly reporting, and assist in preparing Board presentation materials.
• Update budget utilization and commitments for each cost center weekly, providing reports to senior management.
• Prepare financial scenarios, models, and forecasts for new business ventures.
• Analyze customer profitability and provide insights to guide future business decisions.
• Assist in reviewing new business acquisitions, due diligence, analysis, and modeling.
• Evaluate hedging options and provide scenario analysis.
• Support in setting and monitoring company performance KPIs, coordinating with the management team for regular input.
• Actively participate in the company’s annual budget process, working closely with the Planning Coordinator to gather inputs from various departments.
• Serve as a backup for team members in case of vacation or emergencies.
Core Responsibilities:
• Manage accounting functions for various business lines and customer revenue profitability.
• Support the annual budgeting exercise.
• Develop financial models for different management scenarios.
• Assist with monthly reporting.
Accountability:
• Revenue and budget management.
Communications & Working Relationships:
Internal:
• Contracts & Procurement, Operations, HR & Admin, Commercial, Management team, CFO, and CEO.
• Purpose: Budget control, sales data, production data.
External:
• Auditors and IDO.
• Purpose: Tax/Statutory audit, periodic reports, reconciliation.
Qualifications, Experience, & Skills:
Educational Qualifications:
• Bachelor’s/Master’s degree in Commerce (BCom/MCom).
Professional Qualifications:
• Chartered Accountant (CA), CPA, ACMA, or CIMA.
• Proficient in software like Tally and SAP.
Years of Experience:
• 10 to 15 years of relevant experience.
Other Requirements:
• Self-starter with in-depth knowledge of the finance function.
• Strong proficiency in computer applications, MS Office, and ERP systems.