SENIOR MANAGEMENT ACCOUNTANT

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Position Name

Category

Gender

Age Limit

Skill & Experience

1

Senior Management Accountant

Senior

Male / Female

30 – 45

Key skills required :

 Minimum Qualifications:

• University Degree in Finance

• CA, CMA or CIMA qualification would be preferable.

Minimum Experience:

• 8 years’ experience in Management Accounting in a manufacturing organisation. Steel Industry experience would be preferable.

1. JOB DETAILS:

Position Title:

Senior Management Accountant

Position Code:

15273

Reports to:

Head – Management Accounting

Business Function:

Finance

Department:

Management Accounting & Reporting

Prepared / Revised on:

1 August 2024

2. JOB PURPOSE:

Perform periodic cost, management accounting & reporting activities to ensure inventory is well governed, costed and accounted for accurately.  Perform periodic inventory valuation, product costing, coordinating inventory counts, inventory adjustments, calculating cost savings, evaluating operational improvements, management accounting reporting, variance analysis, input on financial accounting / finance policies and procedures. Calculating measures of performance, cost control, variance analysis to support decision making.

4. KEY ACCOUNTABILITIES:

Description

Reporting

·        Prepare management information reports in order to ensure that Senior Management have the relevant performance management information needed to support strategic decision-making.

·        Ensure timely and effective preparation of monthly product cost sheet, process-wise for DRI, Billet and rebar production.

·        Preparation of monthly product cost report presentation

·        Preparation of monthly report presentation for CMO and production departments, process-wise, unit-wise, covering processing cost, specific consumptions, input price trend, etc. 

·        Assist in cost variance analysis working, co-ordinate with production departments for reasons for variance.

Continuous Improvement (Cost benefits analysis) 

·        Develop formats to capture requisite data for systematic analysis of plant operations related cost saving initiatives.

·        Provide accurate and up-to-date input price and other cost details for operational analysis. Co-ordinate with business functions to ensure correctness of the data.

·        Prepare accurate, timely and cost-effective management accounts and highlight variances so that management can take effective action to improve operating performances.

Inventory Accounting functions

·        Physical tag adjustment of product shipments and inventory adjustments.

·        Inventory write off/disposal – analyse and prepare papers for management approval.

·        Prepare monthly overhead absorption rate working.

• Co-ordinate physical inventory count and verification process.
• Assist in dealing with internal auditor and statutory auditors for inventory and material accounting related issues.
• Providing support on material accounting related issues to user departments such as Production Planning, Plant units, Procurement and Warehouse, Maintenance department, Supply chain & logistic department, etc.

 Policies and Procedures

• Development of costing system for new products & processes.
• Preparation of procedure document for activities related to costing, inventory etc, its continuous review and update.

Continuous Improvement

• Contribute to the identification of opportunities for continuous improvement and sustainability

  of systems, processes and practices considering global standards, productivity improvement

  and cost reduction.

Reporting

• Assist in the preparation of timely and accurate statements and reports to meet department

  requirements, policies, and quality standards.

Quality, Health, Safety & Environment

• Comply with all relevant safety, quality and environmental management policies, procedures,

  and controls to ensure a healthy and safe work environment.

Other

Carry out any additional tasks as required by the Management

5. COMMUNICATIONS & WORKING RELATIONSHIPS:

Internal

§  Day to day interaction with manufacturing plant units, Production Planning, Procurement & warehouse, Supply Chain & Logistics, Maintenance department, IT etc for various matters.

§  Dealing with Commercial Departments and Quality & Sustainability department to attend sales enquiries.

§  Internal Auditor

External

§  Statutory Auditor

§  SAB Auditor

6. Context, Work environment & DECISION-MAKING AUTHORITY:

§  Key decisions having significant impact on the department are referred to the department manager for approval before implementation.

§  Thinking within multiple, substantially different procedures, standards, and precedents and access to assistance.

7. QUALIFICATIONS, EXPERIENCE, & SKILLS:

Minimum Qualifications:

·        University Degree in Finance

·        CA, CMA or CIMA qualification would be preferable.

Minimum Experience:

·        8 years’ experience in Management Accounting in a manufacturing organisation. Steel Industry experience would be preferable.

Job-Specific Skills (Generic / Technical):

·        Well-rounded knowledge of Cost Accounting / IFRS standards.

·        Very good Knowledge of performance management.

·        Very good Computer skills, MS Excel & Power point.

·        Very good Planning and organising skills.

·        Management potential and leadership ability.

·        Very good standard of written and spoken English.

·        Skills in effective communication, operational and financial analysis.

·        Interpreting statistics and evaluating performance, preparing comprehensive reports.

·        Ability to work both independently and as part of a team.

·        Report writing skills.

·        Good workable knowledge in ERP environment.

8. CORE COMPETENCIES:

§  Creativity and Innovation: Generating viable, new approaches and solutions.

§  Work Ethics and Values: Demonstrating and supporting the organization’s ethics and values.

§  Teamwork: Working collaboratively with others to achieve organizational goals.

§  Concern for Safety: Identifying hazardous or potentially hazardous situations and taking appropriate action to maintain a safe environment for self and others.

9. JOB FAMILY COMPETENCIES:

§  Analytical Thinking: Analysing and synthesizing information to understand issues, identify options, and support sound decision making.

§  Information Gathering and Processing: Locating and collecting data from appropriate sources and analysing it to prepare meaningful and concise reports that summarize the information.

§  Financial and Management Accounting: Developing and implementing processes and procedures to ensure the effective recording, tracking and management of revenues and expenditures