Senior Cost Accountant

Job Details

Job Description

Background of the company

  • Kerchanshe Group is the largest producer and exporter of coffee in Ethiopia, and engage in manufacturing, agro-processing and export business. It has a proud history of providing quality coffees to the local and international markets. Currently Kerchanshe Group needs a dedicated and motivated candidate.

    Job Purpose:

  • To estimate production costs and track regular expenses, which may be related to a new process or a new product and recommend changes to pricing and business models through tracking data such as changing labor, supply costs, conducting market research.

Duties and Responsibilities

  • Develops and maintains accurate costing systems in relation to labor, production methods and material supply.
  • Analyzes changes in product design, raw materials, manufacturing methods, or services to determine effects on costs.
  • Estimates new and proposed product costs as well as product changes.
  • Analyzes the data collected and logs a detailed record of the results.
  • Prepares (monthly, quarterly, and annual) cost forecasts.
  • Analyzes monthly Cost of goods sold (CoGS), Purchase Price Variance (PPV) and Manufacturing variance journal entries.
  • Analyzes data on material and labor costs to evaluate efficiency and effectiveness.
  • Reviews standard and actual costs for inaccuracies.
  • Analyzes changes in product design, raw materials, manufacturing methods, or services provided to determine effects on costs.
  • Analyzes actual costs and prepares periodic report comparing standard costs to actual costs and recommend cost efficiencies.
  • Provides finance support on business cases; project cost calculations/quotations for strategic projects with appropriate labor and overhead rates and overall production costs (make/buy, outsourcing/insourcing).
  • Prepares product cost reports which meet the needs of managers and other employees using the information.
  • Reconciles general ledger account balances for inventory, material expense and production costing items.
  • Assists cost related issues in Ad-Hoc projects to improve overall financial process and controls.
  • Evaluates and updates standard costs on a quarterly basis, which includes the review and analysis of material, direct & indirect labor, and other overhead costs incurred.
  • Provides input and recommendations for streamline processes and updates of the cost accounting policies and procedures.
  • Reviews and drives cost reductions, working capital opportunities and manufacturing productivity improvements.
  • Prepares the monthly cost of sales figures by analyzes expenses such as material, labor, research, and development expenses.
  • Performs other duties assigned by the immediate supervisor.

Name Of The Post Senior Cost Accountant
Experience 5+ years
Employment Nature Full Time
Job Post Date 03 Apr 2024


  • MA or BA Degree in Accounting, Accounting and Finance, Management, Business administration or related fields.  
  • 3/5 years experience out of which two years as Inventory Accountant


  • Strong knowledge of cost accounting principles and procedures.
  •  Verbal and written communication skills.
  •  Computer literacy, proficient in Microsoft Word, Excel.
  • Familiarity with Peachtree accounting.