Factory Accountant – Morogoro

 

Mkwawa Leaf Tobacco Limited (MLTL) | Full Time

Mkwawa Leaf Tobacco Limited (MLTL) invites applications from suitable and qualified candidates to fill the following position.

Role & Responsibilities

1.    Contributes annually to the 3-to-5-year Strategic Plan inputs and present to management to establish final strategies.

• Establishing key assumptions for 5 years strategic plan and present to management for review and approval.
• Initiating the strategic plan process by liaising with all HOD.
• Consolidating all 5 years strategic plan expenses received from Head of Departments.
• Establish balance sheet items for 5 years strategic plan.
• Provide clear comment on 5years strategic plan report/templates.
• Presenting the 5-year strategic plan to management.

2.    Receive and consolidates Factory annual budgets, CAPEX and Latest Estimates (LE;s) and submit to Head of Planning and Product Costing Manager for final review and presenting to management.

• Establish key Annual Budget Assumptions in line with MLTL Finance Policies and Procedures and Financial guidelines.
• Initiate the Annual Budget process by liaising with all Factory HOD and guide them on how to establish their departmental budget.
• Follow-up with Factory HOD and call for departmental Budget review meetings with relevant Line Managers ensuring compliance with the MLTL budget assumptions.
• Consolidate the Factory departmental Budget files for management review.
• Provide commentary on budget report and template as guided by management.
• Compiles the Factory CAPEX budget, submits it to Management for final review and aligns it at entity level.
• In conjunction with Head of Planning and Product Costing prepares the presentation for the factory Budget inclusive of supplementary analysis and submits this to Finance Director/Management to align.
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3.    Factory Management Accounts Pack and Cost Saving Tracker.

• Prepare management accounts report including receiving input from all sections under factory department.
• Management accounts should reveal areas of improvement on cost monitoring and control and advise measures to be taken.
• Do a first review of the management accounts report before submitting it to Head of Planning & Product Costing for final approval by Finance Director.
• Circulates the Management Accounts Pack and follows up with the management team on implementation of proposed action plan
• Establish Departmental saving tracker, identify savings, and cost drivers for the operations.
• Organizes quarterly departmental Review meetings to review the Management Accounts Pack with Directors and Line Managers.

4.    Checks the accuracy and compliance of data integrity for COGS departments in the company accounting system on daily basis.

• Reconcile general ledger accounts for factory by analyzing source documents and related account information for accuracy and compliance on daily basis.
• Prepare and capture the journal entries on monthly basis e.g. Bonus provision, cost reclassification etc.
• Reconciles fixed assets sub-ledger against the trial balance on monthly basis and Submit to Accounting and Internal Control Manager for approval and filling purpose according to the Company Policy.
• Review Capex Internal Orders on weekly basis for accuracy and completeness.
• Produce and maintain detailed repair and maintenance reports and share insights into analysis performed on the report to engineering Manager on monthly basis or at any time when demanded.
• Prepare monthly utility reports for electrical consumption, boiler fuel consumption, water consumption, downtime and direct labour for submission to Factory Management.
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5.    Creates and monitors monthly assets value in the company accounting system from tracking Assets under construction/WIP and capitalizing when projects are completed, running monthly depreciation, conducting assets evaluation and recommending rates and write-offs.

• Creates Internal Orders of approved Capex into the company accounting system. Maintaining the Work in Progress (WIP)/Asset Under Construction until the projects are fully completed and ready for use/capitalization.
• Monitors the depreciation of the assets by conducting depreciation run into the company accounting system by end of each month and reconciles the assets sub-ledger against trial balance in line with the company depreciation policy.
• Conducts assets evaluation in terms of book value, market value and recommends disposal rates during the disposal of the fixed assets.
• Preparing the Fixed Assets Movement Schedule at the end of the Financial Year and sending it to the Finance Manager for Reporting Purpose, also, to the Auditors for Auditing Procedures.
• Prepares all relevant listings for audit purpose and supports audits whether internal or external.
• Prepares and sends Capex Commitment Reports to the Stores/procurement departments and Projects owners for follow up to clear all Purchase Requisitions and Purchase Orders on a monthly.

 

 

Personal Attributes

• Strong interpersonal skills with proven team management ability.
• Ability to plan and organize the function 6 months to 1 year ahead.
• Demonstrate a proactive, solution-oriented approach to solving problems.
• Energetic and proactive professional with strong adaptability to evolving circumstances.
• Exhibits high standards of conduct, transparency and strong moral principles.

 

Qualifications and Experience

• Degree in Economics/ Accounting with CPA/CIMA.
• MBA or master’s in economics or similar.
• Member of NBAA /ACCA/CIMA.
• A minimum of 4-6 years’ experience in planning and product costing, financial accounting or similar.
• 4-6 years’ relevant experience in Tobacco Industry with knowledge of financial and operation systems (SAGE, MTS).
• Detailed knowledge of spreadsheets and applications (MS Word/ Power Point and Excel).
• Initiative/Perseverance.
• Organizational Skills.
• Emotional Resilience in fast paced environments.
• Good Communication skills.

Remuneration

• Salary offered for both positions is competitive and commensurate with qualifications and experience.

Reporting

• The incumbent will report directly to Planning & Product Costing Manager on day-to-day activities.

How To Apply

Confident candidates who meet the above outlined criteria, should apply in writing to the undersigned enclosing fully typed curriculum vitae indicating daytime telephone number and scanned copies of certificates and testimonials from previous employers, names, and address of three (3) referees, to reach the undersigned in 07 days from the first appearance of this advertisement. 

All applications should be addressed to;

 Head, Human Resources

 Mkwawa Leaf Tobacco Limited

 Morogoro and send electronically through,  recruitment@mkwawatanz.com