SUPPLY CHAIN ACCOUNTANT

SUPPLY CHAIN ACCOUNTANT

RESPONSIBILITIES /ACCOUNTABILITIES

Business planning 

• Finance lead in the supply chain planning process meeting (SPP)

• Manage the integrated Business planning process from a supply chain perspective through the business planning and consolidation tool (BPC)

• Collate the Risks & Opportunities from SPP for input into the Finance planning module of BPC for consolidation into total business R&O

• In conjunction with Head of supply chain do a CAPEX projection through SAP project system as well as depreciation simulation monthly

• Do the month Factory costs and recoveries projection through the BPC tool 

• In conjunction with the supply planner, do a phased monthly inventory projection in BPC

• Evaluate the implication of business changes and projects on the Supply Chain cost base. 

• Prepare and review the supply chain P&L on a monthly basis

Inventory Control

• Inventory control & maintenance of internal controls around stocks as per ICFR framework

• Ensuring that physical counts are carried out on a monthly basis and variances are investigated and corrective action taken

• Ensuring that unplanned issues are properly authorized before the stock is removed from SAP

• Variance analysis- generating variance reports and sending it to factory management for explanations

• Raising red flags on issues that might expose the company to loses

• Ensuring that balances in the stock control accounts in SAP agree with the stock detailed listings

• General ledger reconciliations related to inventory control module such as stock valuations, FIFO Reports, MPV and MUV reports

• Passing relevant journals related to stocks such MPV and MUV journal

Support the drive to maximize the cost efficiency of the Supply Chain by providing clarity and transparency around performance with insightful analysis

• Clear transparent reporting in place, highlighting key variances to budget, forecast and last year. 

• Ensure Supply Chain Team has aligned understanding of the financial performance and is challenged on the way forward. 

• Progress reporting against improvement plans is clear and well communicated. 

Ensure business decisions are made within the context of sound financial control. 

• Support the Supply Chain Team as it monitors and track costs versus forecasts and targets. Support course correction and identify savings opportunities. 

• Tracking of the Net working capital through analysis of risks and opportunities around NWC targets

• Inventory control; ensuring that sound controls are maintained and complied with and losses through material usage variances are minimized

• Tracking and  reporting of factory recoveries on a weekly basis against targets 

• Tracking of the key factory K.P.Is such as production/ton, fuel usage/ton, material usage variance(MUV), material price variance(MPV),purchase price variance) PPV on monthly basis

• Drive improvement in process efficiency across Supply Chain Finance, achieved through effective cross-functional working with the Supply Chain Team and Central Finance. 

• Support Finance to ensure that Supply Chain transactions are processed consistently, effectively and efficiently e.g. back-flushes are done on a timely basis, stock adjustments

• Ensure appropriate accruals are in place with appropriate supporting information. 

• Ensure all relevant Supply Chain balance sheet items are owned, validated and clearly understood by Supply Chain Finance. 

• Effective appraisal (pre and post) of capital investment proposals (CAPEX projects)

• Standard cost maintenance including; ensuring that BOMs are updated from PLM to SAP, review and update of routings and recipes, cost simulation for budget, and latest estimates(LE) and 5-YP purposes , updating of standard costs as per group guidelines

• Product costing for new products and active involvement in the NPD & Supply chain planning process(SPP) as Finance representative

Drive the Supply Chain Budgeting process of costs and relevant working capital items ( stocks & creditors days)

• Drive improvement in forecast process efficiency across Supply Chain Finance, achieved through effective cross-functional working with the Supply Chain Team and Finance 

• Working with the Supply Chain Team, ensure there is a rolling estimate in place which represents a realistic view of ongoing performance. 

• Risks and opportunities against the Budget & PFs are identified, verified and communicated. The implications of any business developments or key projects are captured within the profit forecasts(PFs). 

• Provide sound financial inputs during the budgeting and monthly rolling forecasts

Provide support and challenge to the Supply Chain Team as it pursues a sustainable margin improvement initiatives. 

• Develop consistent approach to the evaluation of MI initiatives, challenging the Team as it shapes its plans in terms of achievability, resources required, sustainability. 

• Effective appraisal of cost saving opportunities as a result of rigorous opportunity and risk analysis. 

• Proactively identify, develop and implement margin improvements.

• Ensure that on balance, the right recommendation for improvement is made, with clear understanding of rationale. 

• Monthly validation & reporting of Margin Improvement delivery against set targets

• Undergraduate degree and full CPA qualification,

• 2–3-year experience in a busy Finance department preferably in an Manufacturing FMCG company

• Demonstrate the BEST VALUES

• excellent interpersonal, communication and listening skills 

• Effective team player 

• Negotiation skills, initiative, time management and customer focus

• analytical and problem-solving skills 

• attention to detail and high level of accuracy 

• Ability to meet tight deadline and work under pressure

• A person of high integrity, honest and trustworthy