IOI Loders Croklaan

Cost Accountant - Tema

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Active since 04-07-2017 Job category Accountancy / Controlling / Tax
Location Tema Level Professional
Educational level Bachelor / Graduate Employment type Permanent contract
Hours 40 Salary -
Summary of Position

The role will be responsible for the Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory and labor. Analyzing audits of costs and preparing reports.

1. General Duties:

• To ensure management of approved capital expenditure proposal (Capex) for completeness
• Create budget in SAP for the investment with breakdown of the investment to various cost centers
• To ensure availability of fund for the investment into larger projects
• Monitoring of budgetary allocation and signal discrepancies in a timely manner
• Provide progress reports to the project leaders
• Assess and determine depreciation terms in accordance with the regulatory environment for business administration
• To manage the monthly financial depreciation and checking of final bookings in the financial system
• Manage and monitor physical assets sub ledger
• Prepare and make available reports for financial statements
• Manage tax records of fixed asset versus accounting fixed assets
• Maintain and review the general ledger and reconcile balance sheets GL accounts
• Analyze costs of raw materials and other supplies and create cost-benefit analyses for changing vendors
• Prepare monthly and quarterly accounting reports for submission to management
• Assist in month-end closing, prepare journal entries as necessary, analyze inventory evaluation, inventory roll forward
• Maintain and improve processes and control associated with manufacturing cost and inventory evaluation

2. Invoice Management:

• Check invoices for accuracy of amounts, bank account numbers, and entries in the system according to procedures
• Book invoices into the financial system using the correct codes and make enquiries with various corporate officers in case of any ambiguities
• Check for authorization for invoices which are processed through a purchasing order

3. Purchase Order:

• Check and complete all purchase order in consultation with the budget holder in accordance with authorization procedure, and with consultation with relevant Department
• Answer questions from other departments about the account numbers and cost center
• Check entries of any purchasing order, discuss abnormalities with the Department concerned
• Verify that every PO is linked to the right vendor
• Ensure that every PO is created under the right company and, if necessary, ensure the correction of any error

4. Financial Analysis:

• Engage in any cost reduction analyses in all areas of the company
• Interpret the company's financial results to management and recommend improvement activities
• Review company bottlenecks and recommend changes to improve the overall level of company output
• Compile key business metrics and report on them to management
• Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis
• Create additional analyses and reports as requested by management

5. Other Duties

• Performs any other responsibilities that may be assigned from time to time.

6. Departmental Relations

• Maintain contact with departmental heads and other employees on all finance related issues

7. External Relations

• Maintain relationships with auditors, FZB and vendors;

8. Responsibility for Company Asset

• Has responsibility for the effective and efficient utilization of computers and other office equipment.
• Responsible for the management of budget for the company
• Has responsibility for maintenance of confidential financial data


1. Educational Qualification
• Bachelor’s Degree in Accounting or related field required

2. Previous Experience
• At least a proven track record of 5 years’ experience in a similar role;

3. Technical Skills
• Excellent knowledge in financial accounting principles
• Ability to analyse and reconcile complex accounts and reserves
• Knowledge in the preparation of financial statement and reports
• Ability to research, compile, analyse and interpret data
• Experienced in use of ERP systems (SAP accounting software).
• Ability to apply knowledge of generally accepted accounting principles and cost accounting standards
• Understanding of Regulatory and Statutory requirements
• Competent to use MS Office
• Experience with international manufacturing company

4. Personality
• Team-player- Ability to relate and work in cooperation with people at all levels.
• Ability to prioritize and deliver on deadlines
• Strong planning and execution skills
• Analytical and problem solving skills
• Detailed oriented
• High Level of confidentiality and integrity
• Exhibits high level of self-starter and ability to take initiatives
• Effective verbal and written communication skills.
• Ability to work independently and manage multiple projects from beginning to completion


Company profile

The Choice for Shea and IOI Loders Croklaan

Shea grows in West-Africa only and IOI Loders Croklaan, with offices in Ghana and Burkina Faso, is active in eight countries in West-Africa.

IOI Loders Croklaan, part of the Malaysian IOI Group, is a global producer of oils, fats and nutritional ingredients. The core business is currently focused on palm oil, palm- and Shea-based fractions for applications in the food industry worldwide.

Manufacturing facilities are based in the Netherlands, United States, Canada and Malaysia and sales offices are located worldwide.


More information
This listing is a full-time job

Job category Accountancy / Controlling / Tax
Industry / Industries Manufacturing
Region Ghana
Keywords Cost Accountant

Contact information

Name Zachariah Adomako