Vacancy – Cost Accountant

JOB DESCRIPTION

Job Title: Cost Accountant

Department: Finance

Reports To: Finance Manager

Location: Kampala, Uganda

Employment Type: Full-Time

Job Purpose

The Cost Accountant will be responsible for planning, analyzing, and controlling

manufacturing costs at our client Company. The role ensures accurate product costing,

inventory valuation, variance analysis, and cost efficiency across production processes. The

position supports management decision-making by providing timely financial insights that

enhance profitability and operational performance.

Key Responsibilities

Costing & Inventory Management

 Develop and maintain accurate product cost structures (raw materials, labor, overheads).

 Perform standard costing and update Bills of Materials (BOMs).

 Conduct inventory valuation and periodic stock reconciliations.

 Monitor raw material usage and wastage levels in production.

Budgeting & Forecasting

 Prepare production budgets and cost forecasts.

 Monitor actual costs against budgets and analyze variances.

 Support annual budgeting and quarterly forecast processes

Variance & Performance Analysis

 Analyze material, labor, and overhead variances.

 Provide detailed reports on cost drivers and recommend corrective actions.

 Support pricing decisions through margin and contribution analysis

Production & Operational Support

 Work closely with Production and Procurement teams to optimize cost efficiency.

 Monitor work-in-progress (WIP) and finished goods costing.

 Evaluate cost-saving opportunities and process improvements.

Financial Reporting & Compliance

 Prepare monthly cost reports and management dashboards.

 Ensure compliance with accounting standards and internal control policies.

 Support external and internal audits with required documentation.

Systems & Process Improvement

 Maintain and improve costing systems within ERP/accounting software.

 Enhance reporting automation and cost tracking mechanisms

Qualifications & Experience

 Bachelor’s Degree in Accounting, Finance, or related field.

 CPA Level 3 or ACCA (completed or finalist preferred).

 Minimum 3–5 years’ experience in cost accounting, preferably in a manufacturing

environment.

 Strong understanding of standard costing, process costing, and inventory management.

 Proficiency in ERP systems and Microsoft Excel (advanced level).

Key Competencies

 Strong analytical and problem-solving skills.

 High attention to detail and accuracy.

 Ability to interpret production data and translate into financial insights.

 Excellent communication and reporting skills.

 Ability to work under pressure and meet tight deadlines.

 Strong interpersonal skills to collaborate with cross-functional teams.

Performance Indicators (KPIs)

 Accuracy of product costing and inventory valuation.

 Reduction in cost variances and material wastage.

 Timeliness of monthly cost reports.

 Improved gross margin through cost optimization.

 Compliance with internal controls and audit requirements

What We Offer

 Competitive remuneration package.

 Opportunity to work in a dynamic manufacturing environment.

 Career growth and professional development opportunities.

 Collaborative and performance-driven culture

Send Updated CV via vacancies@hrstudio.org