SAMANU has significant interests across the Fast Moving Consumer Goods (FMCG) sector in Ethiopia. It was established in 2014 to invest in local business under the consolidated platform. SAMANU represents group of companies which are engaged in the business of manufacturing consumer-focused products in Ethiopia. Today these companies manufacture well-known brands for the Ethiopian market including Tena Oil, 555 and Aura Soap, Chef Luca Pasta and AquaSafe Mineral water from their facilities.

SUMMARY

Responsible for analyzing costs and financial performance as well as implementing cost control measures to ensure the company’s profitability. You work closely with plant managers, project managers, procurement team and other stakeholders to monitor project budgets, track costs and provide accurate financial reports.

DUTIES AND RESPONSIBILITIES

• Produce a monthly report on consumption of raw and packaging materials, and chemical products and stock movements for plant.
• Checks and alert the management on the BoM accuracy with NAV and follow up with the production team for any variation and Validation
• Produce input output analysis report
• Produce monthly wastage, defects and market return reports to improve supply chain efficiency
• Analyze and report fixed assets in transit/WIP
• Monitor actual cost development, provide early warnings on deviations and advise on corrective actions
• Fill in the established costing models with verified historical data to produce costing reports.
• Perform account reconciliation and balance sheet reviews.
• Take part in and report on cost audits.
• Produce cost variance reports
• Identify and report on new cost behavior trends
• Identify and report on non-value-added processes
• Follow up the timely recording keeping, reconciliation and reporting of all company’s payables/Foreign suppliers accounts/.
• To control the correctness of plant petty cash payment made against the amount of cash replenished by reconciling them.
• To calculate monthly and annual depreciation and post the depreciation costs to general ledger
• Support the year-end Financial audit and customs audit
• Support in budgeting process by collecting past data and other information from respective departments
• Process adherence on NAV system related to Stock, Accruals, reporting and related reconciliations

REQUIREMENTS

COMPETENCIES: –

Functional competency : Must have strong knowledge of cost control principles and techniques, Inventory & cost accounting is a must with 4 to 5 years of experience with FMCG background.

Other competencies

• Ability to work independently and as part of a team
• Teamwork
• Knowledge and Skills
• Integrity
• Planning and Organizing
• Analytical and problem solving skill

Experience:

• BA in Accounting/MSc in Finance /and Accounting/MBA
• 4-5 years financial, commercial & market experience in accounting/analytical roles with FMCG sector experience and experience of managing teams.
• Must have experience of:
  • Business Performance evaluation
  • Strong attention to the detail and accuracy
  • Budgeting & Forecasting for multiple business units
  • Good internal/external communicator being able to build strong relationships, influencing and presenting at a senior level Desirable
  • Working experience in Ethiopia
  • Knowledge of local market environment & trends, government policy and regulatory requirements