Cost Accounting Assistant

WHO WE ARE

MoKo Home + Living is bringing modern furniture designs and world-class customer service to every Kenyan family.  Our customers dream of a welcoming place to sleep, relax, and host their guests, but they tell us this isn’t easy – they either have to break the bank or settle for low-quality furniture.  Join us in building the products, the brand, and the operations, to put quality, affordable living within everyone’s reach. Since our founding, we have reached over 2500,000 Kenyan homes with our products, attracted global investment, and grown from a start-up to a growth-stage company with 350+ employees

 WHAT YOU’LL DO

We are seeking a detail-oriented and highly organized Accounting Assistant to join our dynamic Cost Accounting team within a thriving manufacturing company. In this crucial role, you will play a vital part in ensuring the accuracy and efficiency of our inventory management processes. You will report directly to the Cost Accounting Manager and contribute significantly to maintaining a cost-effective and well-controlled inventory system.

 THE ROLE IN BRIEF

Responsibilities:

• Inventory Transactions and Bill of Materials (BOM) Management:
  • Process all inventory transactions for raw materials, work-in-progress (WIP), and finished goods, ensuring accuracy and adherence to established costing methods (e.g., FIFO, LIFO, Weighted average).
  • Maintain and update BOMs for all manufactured products, reflecting current component usage and costing information.
  • Analyze and reconcile discrepancies between BOMs and actual material usage during production.
• Inventory Cycle Counts and Reconciliations:
  • Assist with planning and conducting regular physical inventory cycle counts for all manufacturing locations.
  • Collaborate with production teams to ensure accurate inventory count procedures.
  • Analyze and investigate discrepancies identified during stock reconciliations, proposing solutions for future accuracy.
• Goods in Transit (GIT) and Inventory Reporting:
  • Research and reconcile goods in transit (GIT) to ensure their proper accounting treatment within the inventory system.
  • Prepare detailed reports on inventory levels, costs, turnover, and variances.
  • Assist with the analysis of inventory data to identify trends and potential cost-saving opportunities.
  • Calculate the landed costs and receive the correct value of item received in the accounting system
• Month-End and Year-End Closing:
  • Assist the Cost Accounting Manager with month-end and year-end closing procedures for inventory accounts.
  • Prepare necessary journal entries to adjust inventory valuations and ensure accurate financial reporting.
• Additional responsibilities:
  • Stay informed of current accounting regulations and best practices for manufacturing inventory management.
  • Utilize and maintain proficiency in relevant accounting software
  • Assist the Cost Accounting Manager with other accounting tasks as assigned.

GENERAL COMPETENCY EXPECTATIONS

• Plan your time to work effectively and productively with little or no supervision.
• Collaborate effectively with colleagues, achieving positive feedback from others.
• Demonstrate 100% ownership of your work, i.e. you take initiative to solve problems.
• Willingness to continuously grow and learn, receiving feedback with a positive mindset.
• Competency in using and improving data systems.
• A strong manager who can balance accountability and positivity on our team.
• Demonstrate strong analytical thinking in your written work and decision-making.

Qualifications:

• Degree in Accounting or a related field (preferred).
• Minimum 1 year of experience in an accounting role, ideally within a manufacturing environment.
• Strong understanding of manufacturing accounting principles and costing methods (e.g., standard costing, activity-based costing).
• Proficient in accounting software and comfortable working with complex spreadsheets.
• Excellent attention to detail and a dedication to accuracy in data entry and analysis.
• Strong analytical and problem-solving skills with the ability to identify and resolve inventory discrepancies.
• Ability to work independently and as part of a team in a fast-paced manufacturing setting.
• Excellent communication and interpersonal skills to collaborate effectively with various departments (production, finance, etc.).