Cost Accountant at Sevan Construction Nigeria Limited

SEVAN CONSTRUCTION NIGERIA LIMITED was established in 1981 with Registration No. RC 37125 as a limited liability company specialized in all kinds of Steel Fabrication design, development and manufacturing of various semi-trailers, rigid bodies and complementing its steel structure business with civil construction, which enabled the company to deliver complete projects of steel structures coupled with civil engineering.Job Purpose

The Cost Accountant will be responsible for monitoring and analyzing the costs associated with the production and operations in a Steel Fabrication company.
The role involves ensuring cost efficiency, preparing detailed cost reports, and providing actionable insights to support financial and operational decision-making.

Key Responsibilities

Develop and maintain the organization's cost accounting systems, processes, documentation, and records to ensure accurate and effective cost management.
Analyze manufacturing operations, equipment availability, utilization, and operational activities to compile and evaluate cost information.
Collect, analyze, and maintain data on operational costs, including maintaining the expenses database and reporting on actual profit margins.
Identify and recommend cost-effective solutions and improvements to business operations, processes, and policies to reduce costs and maximize profitability.
Manage product costing, standard costing, BOM costing, and manufacturing cost analysis.
Prepare monthly management accounts and financial statements.
Maintain and reconcile the General Ledger and balance sheet accounts.
Monitor inventory valuation, stock movements, and production variances.
Support budgeting, forecasting, and cost control initiatives.
Perform month-end and year-end closing activities.
Ensure compliance with IFRS, tax regulations, and internal financial controls.
Partner with Production, Procurement, Store, and Supply Chain teams to improve financial performance.
Support internal and external audit activities.

Requirements

Bachelor's Degree in Accounting, Finance, or a related discipline
ACA, ACCA, or ICAN qualification is required.
Minimum of 7 years' experience in finance within a Steel fabrication or Construction company is desired.
Proven hands-on experience in manufacturing cost accounting and General Ledger accounting.
Strong knowledge of inventory accounting, production costing, variance analysis, and factory overhead allocation.
Experience using ERP systems such as SAP, Oracle, Microsoft Dynamics, Sage, or similar is an added advantage.
Advanced Microsoft Excel skills.
Excellent analytical, reporting, and stakeholder management skills.