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Cost Accountant job at Kiira Motors Corporation | Apply Now
Are you looking for Accounting jobs in Uganda 2024 today? then you might be interested in Cost Accountant job at Kiira Motors Corporation
Kiira Vehicle Plant, Jinja Industrial and Business Park, Jinja, Uganda
Full Time
About the Organisation
Kiira Motors Corporation is a pioneering automotive company in Uganda, dedicated to the development of eco-friendly and sustainable transportation solutions. Established as a flagship project of Uganda’s automotive industry, Kiira Motors aims to drive technological innovation and industrialization in the country. The company is renowned for its commitment to producing green vehicles, with a focus on electric and hybrid technology, contributing to the reduction of carbon emissions and promoting environmental sustainability.
Kiira Motors has achieved significant milestones, including the development of Africa's first hybrid electric vehicle, the Kiira EV, and the fully electric Kayoola EVS bus, which showcases the potential of locally produced green technology. These achievements underscore the company's capability in advanced vehicle engineering and its role in positioning Uganda as a leader in automotive innovation on the continent.
Kiira Motors Corporation or KMC is a State Enterprise in Uganda established to champion the Development of the Domestic Automotive Value Chain for job and wealth creation.
Job Title
Cost Accountant job at Kiira Motors Corporation
Kiira Motors Corporation
Job Description
Job Title: Cost Accountant
Organisation: Kiira Motors Corporation (KMC)
Duty Station: Kiira Vehicle Plant, Uganda
Reports to: Senior Cost Accountant
The Cost Accountant is responsible for analyzing and reporting on the cost structures of the company, monitoring production costs, and ensuring cost efficiency in operations. This role involves determining accurate cost data, supporting budget preparation, and providing insights to optimize resource utilization and profitability.
Duties, Roles and Responsibilities
Cost Analysis and Reporting: Develop and maintain systems to monitor, analyze, and report on production costs, operational expenses, and variances. Analyze cost trends and prepare detailed reports for management to aid decision-making. Provide insights on cost efficiency, identifying opportunities for cost savings. Assist in developing cost estimates for new projects, products, or processes.
Costing and Budgeting: Participate in the preparation of budgets by collecting, analyzing, and evaluating cost-related data. Develop and implement cost control measures to enhance efficiency in resource utilization. Conduct regular reviews of expenditures to identify areas of cost leakage or overruns. Recommend strategies for reducing costs without compromising product quality.
Inventory and Production Cost Management: Monitor inventory levels, ensure proper valuation of raw materials, work-in-progress, and finished goods. Track and analyze production costs, including labor, material, and overhead expenses. Analyze actual production costs versus standard costs and report on variances. Identify root causes of cost deviations and recommend process improvements to minimize discrepancies. Implement and maintain inventory costing methods (FIFO, LIFO, Weighted Average)
Data Collection and System Management: Maintain and update cost accounting systems to ensure accuracy and reliability of data. Collect and analyze data from various departments, ensuring integration with the ERP system. Conduct regular audits to validate cost data and reporting accuracy. Work closely with production, procurement, and finance teams to ensure alignment on cost structures and reporting. Offer training and support to operational teams on cost management practices.
Performance Monitoring and Reporting: Develop KPIs to monitor cost performance and efficiency across production processes. Develop a proactive risk management approach for financial risks. Prepare monthly cost reports, management accounts and present findings to Executive Management.
Additional Responsibilities: Perform any other duties assigned by the immediate superior.
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INDUSTRIAL
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RESIDENTIAL
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COMMERCIAL
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COMMERCIAL
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COMMERCIAL
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
Qualifications, Education and Competencies
Education Background
Bachelor’s Degree (Honors) in Accounting, Finance, Business Administration, or a related field from a recognized institution
Minimum Level II CPA certification
Experience
One Year (1) year of relevant working experience in cost accounting or management accounting in a reputable organization.
Skills
Strong analytical and problem-solving skills
Excellent attention to detail and accuracy
Proficiency in accounting software and ERP systems
Advanced Microsoft Excel skills for data analysis
Strong communication and interpersonal skills
Preferred Skills
Knowledge of cost accounting principles, budgeting, and variance analysis
Experience in inventory management and production cost tracking
Ability to work under pressure and meet strict deadlines
Familiarity with International Financial Reporting Standards (IFRS)
Excellent organizational and time management skills.
How to Apply
All candidates who wish to join Kiira Motors Corporation (KMC) should apply online at the Apply Button below.
Deadline: 17th January 2025
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