Plant Cost Accountant

1. Costing and Cost Analysis
 Analyse production costs including raw materials, labour, equipment usage, and overhead
expenses.
 Conduct cost-benefit analyses to identify and recommend cost-saving opportunities.
 Develop and maintain standard costing for all sesame products and production processes.
 Monitor actual production costs and compare them to standard costs, investigating variances and
providing detailed explanations.
 Develop, monitor, and analyze Cost of Production (COP) on a weekly and monthly basis.
 Identify cost leakages and recommend corrective and preventive actions in coordination with
operations.
2. Inventory Management
 Oversee inventory valuation and ensure accurate stock reporting.
 Perform regular inventory reconciliations Raw materials, Work-in-progress (WIP), Finished
goods, Production quantities and consumption and investigate discrepancies.
 Monitor stock movement and consumption to ensure appropriate costing and minimize losses.
 Prepare Inventory ageing, and identification of slow-moving and obsolete stock.
 Maintain tight controls over raw materials and finished goods inventory.
 Coordinate, supervise, and lead physical inventory counts, investigate variances, and ensure
timely closure of discrepancies
3. Variance Analysis
 Analyse variances related to Yield, material usage, labour efficiency, and overhead absorption.
 Provide timely variance and performance reports to management with recommendations for
corrective actions.
 Work closely with production, maintenance, procurement, and stores teams to address
inefficiencies and drive corrective actions
 Track key operational and financial KPIs, linking production performance to financial outcomes.
4. Financial Control & Reporting
 Assume full ownership of the Plant P&L and Balance Sheet.
 Prepare accurate and timely cost reports, including cost of goods sold (COGS) and profitability
reports
 Prepare and submit monthly management accounts accurately and within defined timelines to
Head Office.
 Ensure the accuracy, completeness, and integrity of all plant-level financial data.
 Assist in planning future production costs based on historical trends and expected changes
 Support annual budgeting, forecasting, and periodic re-forecasting processes.
 Monitor actual performance against budgets and provide clear, actionable explanations for
deviations.
5. Plant Accounting & Operations Support
 Partner with the Plant Head and departmental heads to align with operational targets.
 Translate financial data into actionable insights to support plant-level decision-making.
 Ensure proper accounting, monitoring, and control of:

o Capital expenditure (Capex)
o Repairs and maintenance
o Plant overheads
 Strengthen inter-departmental coordination across Production, Stores, Maintenance, and
Logistics.
6. Internal Controls, Process Improvement & Compliance
 Ensure strict adherence to internal control frameworks, SOPs, and company policies.
 Ensure compliance with local statutory requirements of the plant. Ensure accurate deduction,
remittance, and reconciliation of PAYE, pension contributions, and other employee statutory
deductions
 Ensure timely completion of local statutory filings, proactively escalating risks or delays to the
head office finance.
 Strengthen internal controls to mitigate tax, regulatory, and compliance risks at the plant.
 Identify opportunities for process improvements to enhance efficiency, reduce waste, and control
costs.
 Work closely with the production and finance teams to implement cost control initiatives.
 Guide, supervise, and develop the local plant finance and costing team.
 Ensure timely availability of reconciled, accurate, and complete data from all departments.