Lead Accountant

Description:

ECS – FJ Group is seeking an experienced and detail-oriented Lead Accountant – Manufacturing to support and strengthen the financial performance of its manufacturing operations. Reporting directly to the Chief Financial Officer (CFO), this role plays a critical part in management accounting, manufacturing costing, budgeting, cash flow management, and financial analysis while working closely with plant and business teams.

Job Summary:
The Lead Accountant – Manufacturing will be responsible for overseeing management accounting functions, monitoring manufacturing costs, managing funds and cash flow, preparing budgets, and delivering accurate P&L reporting. The role supports strategic decision-making, cost optimization initiatives, and ensures strong internal controls across manufacturing finance operations.

Key Responsibilities:

Manufacturing Accounting & Costing:

• Maintain, review, and analyze product costing, standard costing, and bill of materials accuracy
• Track and evaluate material, labor, and overhead variances
• Support pricing strategies through detailed cost and margin analysis
• Monitor work-in-progress, finished goods, and inventory valuation

P&L & Management Accounting:

• Prepare monthly profit and loss statements with plant-wise and product-wise insights
• Conduct variance analysis against budgets and previous periods
• Identify key cost drivers and recommend corrective actions

Cash Flow & Fund Management:

• Manage daily and monthly cash flow forecasting
• Monitor working capital, including inventory levels, receivables, and payables
• Ensure timely vendor payments and effective utilization of funds

Budgeting & Forecasting:

• Lead the preparation of annual budgets and rolling forecasts
• Coordinate closely with production, procurement, and operations teams
• Track budget versus actual performance and explain manufacturing cost variances

Financial Analysis & MIS:

• Prepare MIS reports covering production costs, yield, scrap levels, and efficiency
• Analyze plant performance and identify opportunities for cost optimization
• Provide actionable financial insights to plant leadership and senior management

Internal Controls & Compliance:

• Implement and monitor internal controls across inventory, production, and finance functions
• Ensure compliance with accounting standards and internal company policies
• Support internal, statutory, and cost audits

Team Leadership & Process Improvement:

• Supervise accounting staff and review manufacturing-related accounting entries
• Enhance ERP processes related to inventory, costing, and production
• Support automation initiatives and system-driven financial controls