Management Accountant - Manufacturing
KAMPALA, UGANDA | FULL TIME
By Appointment Africa is proud to be the exclusive recruiter for a leading regional FMCG organisation in East Africa.
The Management Accountant will play a key role in delivering accurate and timely financial insights to guide strategic decision-making, budgeting and performance management. This position oversees a team of nine, driving efficiency in accounting processes, cost control and financial reporting in line with IFRS. The role also supports business planning, audits and compliance while ensuring strong financial governance and effective collaboration across departments.
Job Details
Job Title: Management Accountant
Department/Office: Finance
Supervisor/Manager Title: Finance Manager
Grade:
Positions reporting to this job: 9
Job Purpose
This role is responsible for preparing accurate and timely financial information and insights for the business, to aide in decision-making and performance management, drive the business planning process as well as implement strategies to reduce business operational and production costs.
Key Responsibilities
1. Prepare and submit monthly management accounts and variance analysis reports along with comparisons with budgets for decision-making support. The reports should provide reasons for variances in the budget, trend analysis and insightful commentary to assist in forecasting and budgeting requirements.
2. Provide support and advice to operational departments relating to budget, forecast and general accounts issues by communicating with all levels within the organisation and presenting financial information to non-finance members of staff.
3. Review accounting processes and practices in place to detect any operational inefficiencies and propose improvement measures where necessary for the optimisation of business performance.
4. Maintain financial system integrity to ensure that all costings are applied correctly and timeously and product costs are complete and accurate.
5. Support strategic and business planning by analysing key financial information including financial feasibility analyses of capital expenditures, investments and new products in order to optimise financial planning and ensure business profitability and growth.
6. Identify and implement loss mitigation initiatives to minimise product losses and ensure that company resources are used efficiently.
7. Responsible for processing farmer's returns and reconciliation thereof.
8. Implement Finance policies and procedures and ensure adherence to set internal and external regulatory standards.
9. Responsible for all aspects of inventory management including the annual stock counts and reconciliation of variances. Ensure minimal stock losses and optimal stock levels in warehouses by conducting periodic stock counts and impromptu physical verifications of stocks.
10. Facilitate both internal and external audit processes for transparent company review by allocating necessary resources, availing information as necessary and following up on the implementation of audit recommendations in the company.
11. Implement prudent financial record-keeping practices in the company to maintain a true and accurate reflection of the company’s financial position, eliminate opportunities for fraud, comply with regulatory requirements and protect sensitive and confidential information.
12. Builds and maintains strong relationships with key stakeholders and facilitate flawless flow of information.
13. Ensure compliance with the laid down accounting standards (IFRS), internal control policies and regulatory requirements impacting the company’s accounting compliance and reporting requirements
14. Timely perform related month end procedures
15. Lead, manage, mentor and develop a high-performing team
Key Performance Indicators
• Accurate and timely submission of management reports.
• Compliance with the internal, local and global reporting requirements.
• Adherence to internal controls and standard operating procedures.
• Submission of accurate and complete Capex plans.
• Internal audit rating score.
• Percentage of implementation of audit recommendations.
• Zero Stock losses.
Minimum Position Requirements
• A Bachelor of Commerce or business-related degree.
• Master’s degree in business or any related field is an added advantage.
• Must be a certified Accountant or Finance professional, such as CPA, ACCA, CFA, etc.
• At least six (6) years of experience in a similar position within a medium to large organisation; of which 2 years in the FMCG sector.
• Experience in using accounting systems and ERP system (IT systems / ERPs) is desirable.
• Good understanding of International Financial Reporting Standards (IFRS) and Tax legislations & requirements.
• Good understanding of cost structures in a processing and /or FMCG concern.
• Proficiency in using Microsoft Office Suite for business analysis.
Competencies and Attributes
• Strong analytical and problem-solving skills
• Decision-making.
• Attention to detail.
• Strong budget management and monitoring skills
• Excellent communication and interpersonal skills
• Relationship management and stakeholder management skills
• Planning and organising skills.
• Leadership and People Management.
• Business acumen.
Relationships and working contacts
Internal stakeholders: All departments and HODs.
External stakeholders: URA, URSB, External Auditors.
Work Environment
This is an office-based role.
Employee must be available to work outside normal office hours as required by the company
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