Cost Accountant | Debrebirhan

Job Summary

The Cost Accountant will play a key role in tracking, recording, analyzing, and controlling production costs, ensuring accurate reporting, and supporting management decision-making. The role requires strong analytical skills, attention to detail, and the ability to work closely with production, procurement, and management teams to drive cost efficiency and profitability.

Key Responsibilities

Cost Accounting, Recording & Reporting

• Maintain detailed cost records for raw materials, labour, utilities, and overheads.
• Develop cost sheets for production lines and ensure accurate allocation of costs.
• Prepare monthly cost of goods manufactured (COGM) and cost of goods sold (COGS) reports.
• Record transactions on company ERP system

Standard Costing & Variance Analysis

• Establish standard costs and conduct regular variance analysis (material, labour, overheads).
• Support management with insights into production efficiency.

Budgeting & Forecasting

• Assist in preparation of annual and quarterly budgets.
• Prepare rolling cost forecasts and budget-to-actual variance reports.
• Support scenario analysis on raw material and production cost changes.

Inventory & Stock Management

• Monitor and reconcile raw material and finished goods inventory.
• Supervise physical stock counts and report variances.
• Ensure proper valuation of stock in line with company policy.

Cost Control & Reduction

• Identify areas of inefficiency and recommend cost-saving measures.
• Track utility and maintenance costs per unit of production.
• Work with procurement to minimize material costs, wastage smooth production process.

Pricing & Product Costing

• Calculate unit production costs for different products and packaging.
• Provide accurate cost data for pricing decisions and tenders.
• Analyze profitability by product line and recommend adjustments.

Compliance & Internal Auditing

• Ensure compliance with IFRS, Ethiopian tax laws, and company policies.
• Support internal and external audits with cost-related reports.
• Maintain a strong internal control system for cost accounting.

Reporting & Collaboration

• Prepare periodic cost reports for management.
• Work with production, quality, procurement, and HR teams to capture accurate cost data.
• Present cost analysis for management decisions and strategic planning.

Qualifications & Requirements

• BA degree in Accounting, Finance, or related field (Master’s is an advantage).
• 3–6 years of proven experience in cost accounting in a manufacturing environment.
• Experience in edible oil or FMCG industries preferred.
• Strong knowledge of standard costing, variance analysis, and inventory valuation.
• Proficiency in accounting software/ERP systems (Microsoft Business Central and advanced Excel skills.
• Familiarity with Ethiopian tax laws and IFRS standards.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work under pressure and meet deadlines.
• High level of integrity and attention to detail.