Job Title: Cost Accountant
Organisation: Banana Industrial Research and Development Centre (BIRDC)
Duty Station: Kampala, Uganda
About Organisation:
The Presidential Initiative on Banana Industrial Development (PIBID) whose successor entity Banana Industrial Research and Development Centre (BIRDC), was
incorporated as a Company Limited by Guarantee on 15th August 2019, is guided by its Mission to be the centre of excellence for farmer-focused banana industrial development through strategic public-private partnerships and its Vision of becoming a state-of-the-art banana research, development, and competitive business centre for value-added products by FY2025/26.
Job Summary: This position plays a crucial role in the financial management of the PIBID/BIRDC operations by analysing and reporting on various aspects of production costs. It involves monitoring, recording, and analyzing all costs associated with the production process to ensure accurate financial reporting and informed decision-making.
Key Duties and Responsibilities:
- Conduct detailed analysis of manufacturing costs, including direct labour, direct materials, and overhead expenses.
- Regularly review and update cost estimates for new and existing products vs expectations.
- Analyse variances between actual and standard costs, identifying and investigating any discrepancies.
- Regularly review the Bill of Materials to ensure accuracy with what is happening in all production lines
- Inventory Management:
- Oversee the valuation of inventory and ensure accurate recording in the financial statements.
- Collaborate with the production team to reconcile physical inventory with accounting records.
- Observe and review the inventory processing procedures regularly i.e. Receiving, Inter-warehouse transfers, daily production reconciliation, issues to production etc.
- Implement and maintain effective inventory control measures.
- Financial Reporting:
- Prepare and present regular financial reports related to manufacturing costs to management.
- Provide insights and recommendations based on cost analysis to support strategic decision-making.
- Assist in the preparation of budgets and forecasts related to manufacturing activities.
- Month-end Close:
- Play a key role in the month-end closing process, ensuring accurate and timely financial reporting.
- Reconcile general ledger accounts related to manufacturing costs.
- Process Improvement:
- Identify opportunities for cost reduction and operational efficiency within the manufacturing process.
- Collaborate with cross-functional teams to implement process improvements and cost-saving initiatives.
- Compliance:
- Ensure compliance with relevant accounting standards and regulations.
- Assist in internal and external audits related to manufacturing costs.
Qualifications, Skills and Experience:
- An Honours Bachelor’s Degree in either Commerce or Business Administration (Accounting/Finance option) from a recognized awarding institution plus a professional qualification such as Certified Management Accountancy OR
- Full Professional qualification in Accountancy such as ACCA, CPA or the equivalent, obtained from a recognized awarding institution/body accredited by ICPAU. OR Bachelor’s degree in accounting, finance, or a related business field, followed by a relevant professional certification like the Certified Management Accountant (CMA)
- MBA (Accounts/Finance option) or a Master’s degree in Financial Management /accountancy from recognized awarding institution will be an added advantage
Work Experience
- At least 3 years’ experience in a similar role in a manufacturing setting
Other skills and competences
- Analytical Skills: The ability to look at data, find patterns, and draw logical conclusions.
- Critical Thinking: Applying logic to evaluate information and solve complex financial problems.
- Communication Skills: Conveying complex financial findings clearly to non-technical audiences.
- Attention to Detail: Ensuring the accuracy and integrity of financial data and reports.
- Problem Solving: Identifying financial issues and developing effective solutions.
How to Apply:
Apply today by emailing your credentials / Curriculum vitae to [email protected]
Deadline: 13th October 2025
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Level of Education: Bachelor Degree
Work Hours: 8
Experience in Months: 36