Rorank Business Share Company Management Accountant Jobs in Ethiopia
Rorank Business Share Company Management Accountant Jobs in Ethiopia
Job DescriptionRorank Business S.C. is a joint venture with a UK base company called Castlford Holding Investment Groups.
Rorank – a leading Ethiopian alcoholic spirits company setting its sights on ‘patriotic brand loyalty.
We manufacture and distribute our flagship brands, Super Eagle and Crystal are renowned for their great taste and quality.
Our new leading edge manufacturing and bottling facility is located in Cha Cha.
Overall Goal (Job Main Mission Statement)
Act as a business partner for the department, participating and advising management in commercial and strategic priorities.
Ensure that the departmental budgets, control environment and procedures conform to international accounting conventions and management laid down procedures.
Primary Job Purpose
To provide financial management information and enhance department heads’ financial decision-making
Partner with respective departments by understanding strategies and integrate into commercial decision-making process to contribute to their success
Support any short-term financial evaluation of projects or initiatives
Key Position Accountability (KPIs)
Budget & Estimates
Set timetable for processes in terms of the reporting requirements and deadlines set by both the CFO and Head Office
Monitor and manage adherence to timetables
Issue guidelines for departmental heads to use in forecasting, such as inflation, exchange rates, volumes, pay cost increase, etc.
Advise departmental heads on finance related issues
Standard cost of production
Evaluate raw material standard process from Procurement against actual price variance accounts, and identify new standards to be used
Create new product standards by SKU
Review and report on new standard variances to ensure accuracy
Process Review
Review input and give feedback to departmental heads
Compare results to prior actuals, plans, forecasts, and budget and analyze variances
Calculate contribution margins by SKU
Carry out margin analysis against comparative data
Comment on analysis and identify opportunities or risks
Budget updates & upload
Communicate budget details to departmental managers once approved by Head Office
Upload budget details into the ERP system at the beginning of the new financial year
Reporting
Monthly reporting
Review report accuracy of sales volumes by SKU
Generate margin analysis by product category
Obtain explanations for variances (mix, volume & price)
Analyze opportunities and risks and recommend alternative options
Production of departmental monthly management reports into area, channel, and any other segmentation as may be required, and understand underlying cause of variances
Use appropriate internal/external bench marking and other analysis techniques to drive cost awareness and improvements
Produce monthly management accounts and management commentary, adhering to deadlines
Ad hoc reporting
Accounting process control
Arrange Finance participation in monthly stock counts and reconcile with ERP system and stock valuations (WIP, raw materials and finished goods)
Ensure production costing model is run on time, review and ensures accuracy of stock movement, usage
variances and process losses. Process monthly allowed entries into the G/L
Review Gross Revenue, Standard Cost of Sales and OPEX spend reports and ensure accuracy before finalization of management accounts
Process accruals
Review reasonableness and effectiveness of Accruals & Provisions spend versus pre and post assumptions
Set timetable for process in terms of the reporting requirements and deadlines set by both the CFO and Head Office
Review G/L account reconciliations done by subordinates, and clear reconciling items
Internal control
Compliance with reporting, statutory, internal control requirements, and deadlines
Adapt internal control processes to ensure maximum efficiency and effectiveness
Year-end Process
Value raw materials, work in progress and finished goods based upon FIFO and weighted average prices and usages at year-end
Value raw materials, work in progress and finished goods based upon new standards in the first month of the new financial year
Cost Control
OPEX
Coordinate and attend monthly departmental meetings and identify the nature of variances, (once off, timing, or recurring), so that accurate forecasting can be done
Review OPEX spend reports, query all major variances, and ensure accuracy before finalization of management accounts
Variable Costs
Review and query all major variances (usage & price), and identify opportunities for cost saving
Report on all variances, ensuring that the reason is consistent with previous periods, and identifying whether the variance is a once off, a timing issue, or will continue
CAPEX
Report actual spend against budget and/or forecast
Consultancy
Assist departmental managers to find cost saving opportunities
Feedback to departmental managers any financial data that may be of assistance to them
Customer master database
Review and maintain trade discounts in Navision by channel partner
Assist and advise sales managers on correct financial procedures for promotional activities and update customer master files accordingly
Review sales invoices for accuracy
People Management
Set goals for direct reports at least twice per annum
Formally review performance at least twice per annum
Conduct regular one-on-one’s with direct subordinates
Meet with departmental managers and Finance peers to identify opportunities to improve the processes used at month-end
Job Requirements
Education
Bachelors’ degree/or Qualified Accountant with ACCA, CIMA.
Computer training
Experience
At least 6 to 8 years’ experience in similar position or other manufacturing concern
Quantitative and analytical skills
Knowledge of chart of accounts and effect
Excellent communication skills
Knowledge of ERP/Spreadsheets/
PowerPoint
Personal Skills & Qualities
Organized
Good teamwork
Autonomy
Adaptability and reliability
Minimum supervision
Supervisory skills
How to Apply
Interested applicants who meet the MINIMUM requirements may send their CV to the following address for Ten (10) consecutive days after the first day of this vacancy announcement.
Please do not attached your education credentials or any other certificates.
Only shortlisted applicants shall be contacted.
E-mail to: hr@supereagle.net or through ethiojobs
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