Management Accountant - HPW Fresh & Dry

HPW Fresh and Dry Ltd is a fruit processing company. HPW is synonymous with fresh from harvest fruit, crisp and crunchy vegetables from Africa and Asia. We develop stand-alone products for our customers that meet the most exacting quality standards and offer maximum availability - for wholesalers and retailers, as well as for the food industry.

Job Description

• Reports Directly To: MD-HPW Ghana & Chief Finance Officer- HPW AG
• Job Location: HPW F&D Ghana /HPW F&D Sarl –Cote d’ Ivoire (Ghana/Cote d’ Ivoire)

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Job Purpose

To monitor and optimize the company’s financial performance through cost analysis, working capital management, financial statement evaluation, and investment appraisal by ensuring accurate cost allocation, supports liquidity and capital planning, and provides data-driven insights to enhance profitability and financial stability.

Key Responsibilities and Duties

Production Cost Control

• Conduct product costing and variance analysis to track cost fluctuations and recommend corrective actions.
• Determine optimal selling prices for various products based on cost structures and market conditions.
• Perform throughput accounting and limiting factor analysis to enhance production efficiency and profitability.
• Evaluate performance metrics and implement responsibility accounting to ensure accountability across departments.
• Conduct make-or-buy analysis to assess the financial viability of procuring semi-processed dry fruits versus in-house processing.
• Support budget preparation at departmental and company-wide levels, analyzing variances and providing insights for financial planning.
• Calculate and monitor Economic Order Quantity (EOQ) to optimize inventory levels and minimize costs.
• Implement and maintain cost control procedures to reduce waste, enhance resource allocation, and prevent unnecessary expenses.
• Conduct scenario analysis to assess the financial impact of various strategic options and provide data-driven recommendations.
• Identify financial risks and collaborate with management to develop and implement risk mitigation strategies.

Working Capital Management

• Analyze working capital efficiency to optimize cash flow and operational liquidity.
• Manage inventory control by determining Economic Order Quantity (EOQ), minimum stock levels, and re-order levels to ensure cost-effective stock management.
• Oversee debtor and creditor management, ensuring timely collections and payments to maintain a healthy cash flow.
• Support cash flow and fund flow planning, assisting in liquidity analysis to ensure financial stability and operational continuity.

Financial Statement Analysis 

• Conduct monthly analysis of the company’s current ratio to assess short-term financial stability.
• Perform quarterly reviews of the company’s liquidity ratio to monitor financial health and cash flow sufficiency.
• Analyze sales and cost trends, providing insights to support strategic decision-making.
• Evaluate the cost of debt, assessing its impact on overall financial performance.

Long-term and Short-term Investment Appraisal 

• Assess capital investment projects, ensuring financial viability and alignment with company objectives.
• Conduct capital mix analysis to maintain an optimal capital structure while considering cost of capital theories and leverage strategies.

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Required Skills or Experience

Qualification

• Minimum of bachelor’s degree or its equivalent in Finance or related field
• Member of any Chartered Institute of Management Accountants- (CIMA) body – added advantage
• Advanced proficiency in Microsoft office- Exell, Power Point & Word
• Minimum of five (5) years relevant work experience in a similar role, 
• Good report writing skills  

Technical and Personality Competencies

• Proficiency in French-speaking & writing – added advantage
• High level of Integrity and Accountability
• Ability to work independently and with less supervision
• Effective time-management skills and ability to multi-task.
• Ability to work in a fast-paced, changing and challenging environment
• Availability to travel within West Africa
• Strong knowledge of accounting principles and practices.
• Proficiency in accounting software (e.g., Movie Magic Budgeting, QuickBooks, Excel).
• Excellent organizational and time management skills.
• Attention to detail and strong analytical abilities.
• Effective communication and interpersonal skills