Factory Costing Specialist at Nestle Nigeria Plc

A presence in more than 130 countries and factories in more than 80 research centres brings many global benefits. We believe in long-term career development and appreciate how challenges and motivation will help you reach your potential. Nestle Nigeria Plc upholds the principle of Non- non-discrimination and Equal Employment Opportunities in its recruitment processes.

Job Position: Factory Costing Specialist
Location: Agbara, Ogun

Job Summary

1. Joining Nestlé means you are joining the largest Food and Beverage company in the world. At our very core, we are a human company driven by our purpose to improve the quality of life and contribute to a healthier future.
2. Nestlé Nigeria is currently looking to fill the position of a Factory Costing Specialist, whose responsibilities include supporting the Factory in the pursuit of cost optimisation and compliance at the factory by providing visibility and insight into manufacturing variances.
3. This will include the suggestion of corrective actions based on sound knowledge of manufacturing processes and cost drivers.
4. Develop his/her financial and technical skills and interact with cross-functional teams throughout the organisation.
5. The specialist exercises good judgment, stays focused on results and ensures the integrity of financial reporting in a fast-paced, dynamic environment.

Job Responsibilities

1. Cost Control and Management – Daily
2. Perform well robust health check

Cost centre check:

1. Timely detection and correction of wrong posting (GL & CC)
2.  Putting measures in place to ensure the right posting from the source
3. Ensure all CCs have the right activities
4. Monitor the evolution of expenses to promptly identify unusual occurrences

Material Ledger:

1. Monitor price evolution trend and provide its impact on COP
2. Ensure PO conditions are correctly maintained
3. Ensure correct FIFO valuation

Controlling:

1. GR spot check and tracking
2. Material usage and Teco of PO review
3. Ad hoc investigation and reconciliation
4. Review and analyse actual Costs of Production (identify key drivers, provide analysis and explanation on   results, provide insight on trends)

Weekly:

1. Material usage variance – Manufacturing with a detailed understanding of deviation
2. Coordinate random stock count
3. Ad hoc analysis and simulation
4. Working with AG for BOM update and cleansing

Reporting:

1. Automation of key routine activities
2. TDC saving tracking
3. Conversion cost analysis report
4. Drive the monthly Variance Report
5. Prompt expenses control report for Engineering and Production
6. Master Data: factory health checks and give inputs for the revision of the Service Level Agreement according to the new reality

Internal Control and Compliance:

1. Establish control measures to ensure transparency in the following areas:
2. Technical store and consumables
3. Engineering general services
4. Production and Engineering departments
5. Establishment of a systematic review and reconciliation of contract-related payments
6. Ensure full compliance with external regulatory requirements through prompt follow-up of renewal of licenses, permits, etc.
7. Follow costing guidelines and associated standard operating procedures when generating financial documents and performing daily activities.
8. Coordinate and ensure that Stock Taking is periodically taking place & Write-Offs are duly authorised to avoid misappropriation of goods and company assets.
9. Perform routine audit activities within the factory to ensure compliance with critical areas, e.g. stock taking. Appropriately escalate business risks.

Fixed Assets and Project Management:

1. Liaising with the project team to ensure the timely completion of AUC items.
2. Generating and analysing AUC components and following up for completion promptly
3. Work with the Project team to determine the correct value for capitalisation.
4. Ensure prompt capitalisation once the asset has been put into use in line with NAS.
5. ACE depreciation calculation considering existing assets, AUC and projected credits
6. Monthly review of the year depreciation projection to be reflected in the DF submission
7. Review the existing procedure for asset verification and tagging
8. Put in place a rolling plan for asset physical verification and tagging
9. Provide a comprehensive verification report for management review and approval
10. Review the existing procedure for asset scrapping and disposal
11. Follow up for E2E completion of asset scrapping and disposal
12. Update the asset register accordingly promptly at a regular interval basis, scrapping and disposal.

Business Planning:

1. Coordinate and provide Plant inputs for factory cost budgeting, capacity runs, planning and the dynamic forecast.  This requires continuous involvement and awareness of the current situation to discern the feasibility of inputs.
2. Active participation in Standard Cost Budget, Revision and Replacement Cost calculations as required.

Cash Flow & Continuous Improvement

1. Seek and support cost improvement opportunities, and be an active contributor to improvement projects and initiatives.
2. Participate in project teams to ensure validation, review and proposed savings are accurately tracked.
3. Involved in daily activities associated with NCE in the factory environment.

Knowledge Transfer:

1. Prepare and publish financial KPI data regularly; perform analysis of KPI data and transfer this knowledge of the key figures to the relevant stakeholders to promote understanding.

Co-Piloting Role:
Provide support to Factory E2E operations:

1. Good materials reception and consumption of key items (especially technical consumables)
2. Compliance and audit processes
3. Training of personnel in best practices about administrative control
4. Liaising with Manufacturing, excellent at driving projects.

Requirements

1. Candidates should possess an HND / B.Sc. in Finance / Accounting.
2. A Professional Qualification such as ACA, ACCA or CIMA is required.
3. Minimum 3 – 5 years of prior experience in Costing or Accounting, ideally within a factory or supply chain function of a manufacturing company

We Offer

1. Interesting and challenging work in an international company – a branch of a worldwide and well-recognised FMCG concern
2. Possibility to work in a dynamic team of professionals and leaders
3. Possibility to work with challenging projects and responsible tasks
4. Atmosphere full of respect, professionalism, and excitement
5. Possibility of development & career advancement.

Method of Application
Interested and qualified candidates should:
Click here to apply online