Role & responsibilities
Job description
Role & responsibilities
1. Job Purpose
The Manager Accounts & Finance shall be responsible for managing the overall accounting, financial reporting, manufacturing cost control, budgeting, taxation, inventory valuation, and financial compliance functions of the organization.
The position requires strong expertise in manufacturing finance, product costing, ERP-based accounting, financial analysis, and management reporting to ensure accurate financial records, effective cost management, operational efficiency, and informed business decisions.
2. Key Roles & Responsibilities
A. Financial Accounting & Reporting
- Oversee day-to-day accounting operations, including general ledger, accounts payable, accounts receivable, and bank reconciliations.
- Ensure timely preparation and finalization of monthly, quarterly, and annual financial statements.
- Prepare Profit & Loss Statements, Balance Sheets, Cash Flow Statements, and financial MIS reports.
- Ensure compliance with applicable accounting standards, including IFRS.
- Monitor financial transactions, accounting accuracy, and internal financial controls.
B. Manufacturing Costing & Cost Control
- Develop and maintain product-wise cost sheets, including raw materials, labour, utilities, and manufacturing overheads.
- Monitor Bill of Materials (BOM), material consumption, production output, and standard versus actual costs.
- Conduct variance analysis covering material consumption, labour efficiency, production overheads, and wastage.
- Analyze product-wise profitability, production costs, and gross profit margins.
- Coordinate with Production, Stores, Purchase, and Maintenance departments to identify cost-reduction opportunities.
- Monitor work-in-progress (WIP), finished goods, and manufacturing cost allocation.
C. Budgeting & Financial Planning
- Prepare annual operating budgets, departmental budgets, and financial forecasts.
- Monitor actual expenditure against approved budgets.
- Identify financial deviations and recommend corrective actions.
- Support capital expenditure (CAPEX) planning, investment evaluation, and cost-benefit analysis.
- Assist senior management in financial planning and strategic decision-making.
D. Inventory & Working Capital Management
- Supervise inventory accounting and valuation of raw materials, WIP, consumables, spare parts, and finished goods.
- Conduct periodic inventory reconciliations with ERP records and physical stock.
- Monitor slow-moving, obsolete, and non-moving inventory.
- Manage working capital through effective receivables, payables, and inventory monitoring.
- Ensure accurate accounting of material receipts, consumption, stock transfers, and production entries.
E. Taxation, Audit & Statutory Compliance
- Ensure compliance with applicable VAT, Corporate Tax, and other statutory requirements.
- Coordinate with internal and external auditors for financial and statutory audits.
- Prepare audit schedules, reconciliations, and supporting documentation.
- Maintain proper accounting records and ensure compliance with company financial policies.
- Implement audit recommendations and strengthen financial controls.
F. ERP & Financial Systems Management
- Supervise accounting transactions and financial reporting through ERP systems such as SAP, Oracle, Tally, or equivalent manufacturing ERP software.
- Ensure accurate integration of Purchase, Inventory, Production, Sales, and Finance modules.
- Review BOM mapping, production consumption entries, inventory valuation, and cost allocation.
- Identify ERP accounting discrepancies and coordinate their timely resolution.
- Develop automated MIS reports and improve accounting process efficiency.
G. Banking, Treasury & Cash Flow
- Prepare and monitor cash flow forecasts and fund requirements.
- Supervise banking transactions, payment processing, and reconciliations.
- Monitor vendor payments, customer collections, and outstanding balances.
- Ensure adequate liquidity for manufacturing and operational requirements.
H. Team Management & Coordination
- Lead and supervise the Accounts & Finance team.
- Allocate responsibilities and monitor departmental performance.
- Coordinate with Plant Management, Commercial, Procurement, Production, Stores, and Corporate Finance.
- Ensure timely submission of financial reports to the CFO and senior management.
- Develop and implement standard operating procedures for accounting and financial control.
3. Key Result Areas (KRA) & Performance Indicators (KPI)
Key Result Area
Performance Indicator
- Financial Reporting
- Timely and accurate monthly financial closing
- Manufacturing Costing
- Accurate product-wise costing and variance analysis
- Budgetary Control
- Monitoring and reduction of adverse budget variances
- Inventory Management
- Accurate inventory valuation and reconciliation
- Working Capital
- Improvement in receivable collections and cash flow
- Statutory Compliance
- Timely tax filings and regulatory compliance
- ERP Management
- Accuracy of ERP accounting and production-cost records
- Audit & Internal Control
- Timely audit completion and resolution of observations
- MIS Reporting
- Submission of financial and operational MIS within deadlines
4. Educational Qualifications
- B.Com/M.Com Degree in Accounting, Finance, Commerce, or related discipline.
- CA / CMA / ACCA / CPA / MBA (Finance) preferred.
- Additional certification in manufacturing cost accounting or financial management will be an advantage.
5. Experience Requirements
- Minimum 5-8 years of relevant experience in Accounts & Finance.
- At least 45 years of experience in manufacturing accounting, costing, and financial control.
- Practical experience in product costing, BOM, inventory accounting, and ERP-based manufacturing operations.
- Experience in financial reporting, budgeting, statutory audits, and taxation.
- Previous experience managing a finance team in a manufacturing organization is preferred.
6. Technical Skills & Competencies
- Strong knowledge of manufacturing accounting and cost-control techniques.
- Advanced proficiency in Microsoft Excel, financial modelling, and MIS reporting.
- Working knowledge of ERP systems and integrated manufacturing accounting.
- Sound understanding of IFRS, taxation, internal controls, and financial compliance.
- Strong analytical, problem-solving, leadership, and communication skills.
- Ability to coordinate effectively with production and operational teams.
7. Authority & Accountability
The Manager Accounts & Finance shall be accountable for the accuracy, completeness, and timely reporting of financial information, effective implementation of financial controls, and monitoring of manufacturing costs.
The position shall have authority to review financial transactions, recommend cost-control measures, supervise accounting personnel, and elevate financial irregularities to the CFO, subject to the company's approved delegation of authority.
8. Expected Deliverables
The successful candidate shall ensure:
- Accurate and timely monthly financial statements and MIS reports.
- Reliable product-wise manufacturing costing and profitability analysis.
- Effective budget monitoring and cost optimization.
- Accurate inventory reconciliation and valuation.
- Compliance with applicable statutory and financial regulations.
- Efficient ERP-based accounting and financial reporting.
- Strong financial coordination between manufacturing operations and corporate management.
Preferred candidate profile
- Minimum 5 to 8 years of solid experience specifically within the Manufacturing sector.
- Prior professional experience in Africa is considered a significant advantage.
- Immediate Joiners only (must be available to start work without a notice period).
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