Senior Cost Accountant

Job Purpose

Lead financial operations, ensuring accuracy, compliance, and effective financial reporting.

Key Accountability Areas

Accounting Activities:

• Lead day-to-day accounting activities, ensuring accuracy and adherence to accounting principles.
• Manage and monitor budgets, providing insights for effective financial decision-making.

Financial Reporting:

• Generate and review financial statements, ensuring timely and accurate reporting.
• Ensure financial reports comply with accounting standards and regulatory requirements.

Audit Management:

• Prepare and coordinate internal and external audits.
• Ensure all audit requirements are met, addressing any findings promptly.

Process Improvement:

• Identify and implement process improvements for increased efficiency.
• Automation Integration: Explore opportunities for automation in financial processes.

Financial Analysis:

• Support in analyzing financial performance, identifying trends, and providing insights.
• Conduct variance analysis to understand and address financial discrepancies.

Regulatory Compliance:

• Ensure compliance with tax regulations and coordinate tax-related activities.
• Stay informed about changes in financial regulations and ensure compliance.

Cross-Functional Collaboration:

• Work closely with other departments to gather financial data and insights.
• Provide financial advice to support decision-making across various departments.

System Management:

• Manage and optimize financial systems, ensuring accuracy and data integrity.
• Explore and implement new technologies for improved financial processes.
• Stay updated on changes in accounting standards and industry best practices.

Stakeholder Communication:

• Provide financial updates and reports to senior management.
• Communicate financial insights to stakeholders, addressing queries and concerns.

Risk Management:

• Identify financial risks and develop strategies for risk mitigation.
• Implement financial controls to minimize risks.

Month-End and Year-End Processes:

• Oversee month-end closing processes to ensure accuracy and completeness.
• Coordinate the preparation of year-end financial statements.

Role Accountability

HR Proficiency:

• Training of sub-ordinates and forming a team to get the work effectively.
• Provide leadership, coaching, and direction to subordinates in all aspects of their work.
• Delegate sub-ordinates in each respective assignment.
• Ensures fair distribution of tasks to maintain morale, motivation of subordinates.

Delivery:

• Perform the planned activities to meet the operational and development targets as per delivery schedules.
• Utilize resources effectively to achieve objectives within efficient cost and time.
• Provide a periodic report formatted by detailing the deviation and execution of planned tasks.

Problem-Solving:

• Resolve any related problems arise and escalate any complex operational issues.

Quality:

• Ensure quality requirements to develop effective quality control and processes including specifications for products or processes or related activities.

Business Process Improvements:

• Coordinate well-defined written systems, policies, procedures, and seeking automations opportunities as much as possible.

Compliance:

• Comply to related policy and procedures and work instructions.

Safety:

• Ensure compliance of relevant safety, quality, and environmental management procedures and controls within defined area of work activity to guarantee safety, legislative compliance, and delivery of high-quality products/services.

Academic Qualification

Work Experience

Technical / Functional Competencies