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MOKO Hiring Cost Accounting Assistant

We are seeking a detail-oriented and highly organized Accounting Assistant to join our dynamic Cost Accounting team within a thriving manufacturing company. In this crucial role, you will play a vital part in ensuring the accuracy and efficiency of our inventory management processes. You will report directly to the Cost Accounting Manager and contribute significantly to maintaining a cost-effective and well-controlled inventory system.

 THE ROLE IN BRIEF

Responsibilities:

  • Inventory Transactions and Bill of Materials (BOM) Management:
    • Process all inventory transactions for raw materials, work-in-progress (WIP), and finished goods, ensuring accuracy and adherence to established costing methods (e.g., FIFO, LIFO, Weighted average).
    • Maintain and update BOMs for all manufactured products, reflecting current component usage and costing information.
    • Analyze and reconcile discrepancies between BOMs and actual material usage during production.
  • Inventory Cycle Counts and Reconciliations:
    • Assist with planning and conducting regular physical inventory cycle counts for all manufacturing locations.
    • Collaborate with production teams to ensure accurate inventory count procedures.
    • Analyze and investigate discrepancies identified during stock reconciliations, proposing solutions for future accuracy.
  • Goods in Transit (GIT) and Inventory Reporting:
    • Research and reconcile goods in transit (GIT) to ensure their proper accounting treatment within the inventory system.
    • Prepare detailed reports on inventory levels, costs, turnover, and variances.
    • Assist with the analysis of inventory data to identify trends and potential cost-saving opportunities.
    • Calculate the landed costs and receive the correct value of item received in the accounting system
  • Month-End and Year-End Closing:
    • Assist the Cost Accounting Manager with month-end and year-end closing procedures for inventory accounts.
    • Prepare necessary journal entries to adjust inventory valuations and ensure accurate financial reporting.
  • Additional responsibilities:
    • Stay informed of current accounting regulations and best practices for manufacturing inventory management.
    • Utilize and maintain proficiency in relevant accounting software
    • Assist the Cost Accounting Manager with other accounting tasks as assigned.
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GENERAL COMPETENCY EXPECTATIONS

  • Plan your time to work effectively and productively with little or no supervision.
  • Collaborate effectively with colleagues, achieving positive feedback from others.
  • Demonstrate 100% ownership of your work, i.e. you take initiative to solve problems.
  • Willingness to continuously grow and learn, receiving feedback with a positive mindset.
  • Competency in using and improving data systems.
  • A strong manager who can balance accountability and positivity on our team.
  • Demonstrate strong analytical thinking in your written work and decision-making.

Qualifications:

  • Degree in Accounting or a related field (preferred).
  • Minimum 1 year of experience in an accounting role, ideally within a manufacturing environment.
  • Strong understanding of manufacturing accounting principles and costing methods (e.g., standard costing, activity-based costing).
  • Proficient in accounting software and comfortable working with complex spreadsheets.
  • Excellent attention to detail and a dedication to accuracy in data entry and analysis.
  • Strong analytical and problem-solving skills with the ability to identify and resolve inventory discrepancies.
  • Ability to work independently and as part of a team in a fast-paced manufacturing setting.
  • Excellent communication and interpersonal skills to collaborate effectively with various departments (production, finance, etc.).

Location: Nairobi, Kenya

Apply Now

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