Cost Accountant
Location: Victoria Island, Lagos
Employment Type: Full-time
Level: Level 3
Reporting To: Chief Finance Officer
Role Overview
- Oversee financial management, strategic planning, and risk management to drive business growth and profitability. The Cost Accountant meticulously tracks and analyzes all expenses while supporting strategic decision-making through financial insights.
Key Responsibilities
- Analyze and report financial performance. Prepare and review financial statements (balance sheet, income statement).
- Develop and maintain financial models and forecasts. Conduct variance analysis and identify areas for improvement.
- Develop and implement cost accounting systems. Track and analyze direct and indirect costs.
- Conduct cost-benefit analyses and recommend cost-saving opportunities.
- Develop and manage budgets. Prepare and review forecasts and analyze budget variances.
- Conduct sensitivity analysis and support financial planning.
- Develop and implement inventory management systems.
- Track and analyze inventory levels and recommend optimization strategies.
- Ensure compliance with accounting standards and regulations while identifying financial risks.
- Conduct special financial studies and analyses and implement process improvements.
- Provide financial support for strategic initiatives.
- Supervise and mentor cost accounting staff.
- Communicate financial results to management and non-financial stakeholders.
- Present financial information to senior management.
- Collaborate with other departments.
Key Performance Indicators (KPIs)
- Gross Margin Percentage > 60% per quarter
- Net Profit Margin > 60% per quarter
- Operating Expense Ratio < 10% bi-annually
- Material Cost Variance < 18% annually
- Overhead Cost Variance > 10% per quarter
- Inventory Turnover Ratio < 8% annually
- Inventory Accuracy < 89% annually
- Capital Expenditure (CAPEX) Variance < 5% per quarter
- Revenue Growth Rate > 95% per quarter
Requirements/Qualifications
Educational Qualifications
- MSc, BSc or HND in Accounting
Professional Certifications:
- Institute of Chartered Accountants of Nigeria (ICAN)
- Association of Chartered Certified Accountants (ACCA)
- Chartered Institute of Management Accountants (CIMA)
- Association of National Accountants of Nigeria (ANAN)
Experience Requirement:
- Minimum of 10 years relevant experience in accounting or financial management.
- Preferred Age Range: 40 – 50 years.
Salary
N900,000 - N1,000,000 per month.
Application Closing Date
3rd May, 2026.
How to Apply
Interested and qualified candidates should Send CV to: career.bridgemeadnghr@gmail.com using "COST ACCOUNTANT" as the subject of the email.