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| Aldelia |
Cost Accountant job Post
Location: Jobs in Uganda 2023 - 2024
Work Hours: Full-time, 08 hours per day
Salary:
UGX
No. of vacancies: 01
Deadline: 09 July 2023
Hiring Organization: Aldelia
Job Details:
Job description:
The purpose of the position:
• The Cost Accountant is responsible for managing the debts of Creditors, tracking, analysing, and controlling the costs for the company within the approved budgets
• A cost Accountant tracks, analyses and controls the costs associated with the overall operation of the business.
• Provide an efficient and effective financial support service related to Purchasing duties on best prices
Main tasks:
Cost Management
• Assess all incoming products, resources, and services to ensure the best price.
• Assess and pre-approve all procurement requests.
• Remain acutely aware of market trends that could impact resource costs
• Keep up to date on new vendors and possible cost-cutting partnerships
• Demonstrate a comprehensive understanding of the interdependency of cost drivers
• Monitor performance of cost centers with the aim of reducing cost by at least 10% per month.
Creditors/Suppliers/Service Providers/Payables
• Analyse invoices to ensure correct products/services were received at the expected cost. Reconciling of Suppliers' accounts to make sure that the company does not lose money in the form of overpaying or paying for sub-standard goods
• Negotiating re-payment plans
• Ensure that at least 90% of the procurements are done from VAT compliant suppliers.
• Verifying supplier invoices and managing change events that impact the budget.
• Ensuring that all supplier invoices are submitted to records office for filing.
• Managing the debts of creditors, ensuring timely payments are made, reconciling invoices, resolving account queries, and managing debt recovery
Accounts Receivables/Debtors
• Share weekly Debtors Report & follow up with commercial team on status of each overdue debtor
• Personally follow up debtors for payments
• Oversees all debts owed to a company from existing debtors and manages new requests for credit
• Manage and advise on all debts which are showing the signs of becoming bad debts soonest for management to take initiative soonest, effectively, and efficiently
• Evaluating new credit requests and reviewing customers’ credit rankings
General Accounting & Effective Control
• Ensures that Invoices from suppliers & service providers are received at Accounts Office on time, monthly basis. All invoices for the month under reporting should have been received at Finance Office before reporting cut-off date.
• Preparation of statements, client status reports, and all relevant information as required
• Forecasting expenditures, planning budgets, classifying costs by category/cost center
Stock/Inventory Management
• Monitor stock and share weekly reports on stock movement, classified as fast, slow, obsolete/damaged stock
• Coordinate monthly physical stock count & submits reports with in the cut-off date.
• Share monthly stock Variance Report
Fixed Assets Management
• Come up with a Fixed Asset Register for the company
• Verify all company Assets to ascertain its existence, ownership.
• Share monthly Depreciation Schedule & pass relevant entries
unto the accounting system.
Intercompany/Related Party Transactions/Accounts (Upper Yard, Shell Hima & Bugembe)
• Verifying that all costs reported for Investments are accurately categorized into respective accounts
• Monitor and control off sites costs effectively and efficiently
Performance management
• Share daily ROI report everyday by 5:30pm
• Share weekly ROI report every Saturday 10am
• Participate in department ROPE reporting.
Reports
• Daily reports for Customers balances
• Weekly reports for debtors and stock
• Weekly cost management trend report.
• Weekly budget performance report
• Reconciliations Status signed off by the customer, business head, and line manager.
Application procedure
Interested applicants Click here to apply
Date Posted: 2023-07-08
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