Cost Accountant – Retail

Job Responsibilities

Collecting and analyzing data about the company’s operational costs.
Developing and analyzing cost standards for profit maximization.
Carrying out cost-volume-profit (CVP) analysis, across all units in the business.
Analyzing audits of food costs and preparing reports.
Making estimates of new and proposed food costs.
Providing management with reports specifying and comparing factors affecting prices and profitability of products.
Analyze actual production costs and prepare periodic reports, comparing budget costs to actual production costs and conducting product margin reporting and analysis.
Collecting and analyzing data about a company’s operational costs.
Setting standard costs of the manufactured goods and product prices.
Develop and analyze cost standards.
Carrying Out Cost Volume Profit (CVP) analysis
Plan and record variable costs (e.g.purchases of raw material and operations costs)
Review standard and actual costs for inaccuracies.
Analyze and report profit margins.
Prepare (monthly, quarterly, and annual) cost forecasts.
Identify and recommend cost-effective solutions.
Assist in the improvement of internal controls related to inventory.
Work closely with relevant process owners to obtain the necessary information required for compilation, documentation, and analysis of costs.
Carry out monthly stock counts, analyze variances, and perform reconciliation.
Perform all other duties assigned by management.
Assist the businesses in determining a competitive pricing strategy to gain market share and achieve revenue goals.
Analyze pricing data from industry standards, previous sales trends, and competitors and report data to decision-makers.
Implement change in prices on ERP and Aisles
Compare sales trends to previous periods and determine the cause for the decrease or increase.
Forecast margins to help the business understand the impact of promotional and seasonal pricing
Present pricing analysis at a monthly strategy meeting, with insights, trends, and suggestions.
Lead pricing-related projects including establishing timelines, defining deliverables, and drafting communications or presentations.
Work cross-functionally throughout the organization to drive analysis-driven change.
Qualification

OND / HND / Bachelor’s Degree in Cost Accounting, Finance, Statistics, Math, Economics or related analytical discipline preferred
Professional Certification is an added advantage
Minimum of 3 years experience in a similar role including Inventory
Financial management experience with planning, forecasting, and business analysis a plus
Experience within the Retail/FMCG Industry is a plus
Proficiency with analytical and presentation tools(Excel pivot tables, PowerPoint)