Accounts And Finance Manager

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 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. • • 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).