Factory Accountant

Location: Sagamu, Ogun
Employment Type: Full-time

Job Description

• The Factory Accountant is responsible for managing and maintaining accurate financial and accounting records for the factory while providing financial oversight of manufacturing operations.
• The role will focus on production costing, inventory accounting, raw material consumption, finished goods, factory expenses, reconciliations, financial reporting, and internal controls.
• The ideal candidate should have hands-on accounting experience within a manufacturing environment, with a strong understanding of factory operations, production processes, inventory management, cost accounting, and financial controls.

Key Responsibilities

• Manage the day-to-day accounting activities of the factory and ensure accurate and timely recording of all transactions.
• Prepare and maintain accurate reports on raw materials, work-in-progress, finished goods, and production costs.
• Monitor and reconcile raw material consumption against production output and approved production formulations or standards.
• Prepare and analyze product costing, including raw materials, labour, production overheads, and other manufacturing costs.
• Monitor factory expenses and ensure expenditure is properly authorized, supported, and recorded.
• Conduct regular reconciliation of inventory records between physical stock, warehouse records, and accounting records.
• Review production reports, material usage, wastage, variances, and yield to identify unusual movements or potential losses.
• Maintain accurate records of production-related transactions, requisitions, waybills, deliveries, and other supporting documentation.
• Prepare periodic factory financial and management reports, including cost, inventory, variance, and operational performance reports.
• Monitor accounts payable and receivable transactions relating to factory operations.
• Ensure proper documentation and accounting treatment of purchases, supplier invoices, production expenses, and other factory transactions.
• Conduct periodic physical stock counts and investigate discrepancies between physical and book balances.
• Monitor fixed assets within the factory and maintain accurate records of additions, disposals, transfers, and depreciation.
• Ensure compliance with approved financial policies, accounting procedures, and internal control requirements.
• Support internal and external audits by providing accurate records, schedules, reconciliations, and supporting documentation.
• Liaise with Production, Warehouse, Procurement, Logistics, Quality Assurance, and other departments on financial and operational matters.
• Identify control weaknesses, financial risks, cost leakages, and opportunities for improving factory profitability.
• Support the Finance Manager in budgeting, forecasting, financial analysis, and cost-control initiatives.
• Perform other finance-related duties as assigned by Management.

Key Requirements

• Bachelor's Degree in Accounting or a related discipline.
• Professional qualification such as ICAN, ACCA, or equivalent is strongly preferred.
• Minimum of 5 years' relevant accounting experience, with at least 3 years in a manufacturing or factory environment.
• Proven experience in manufacturing accounting, inventory accounting, and product costing.
• Strong understanding of production processes, raw material consumption, finished goods, stock reconciliation, and manufacturing overheads.
• Experience preparing and analyzing production and inventory reports.
• Strong proficiency in Microsoft Excel and accounting/ERP systems.
• Experience with ERP-based inventory and accounting systems will be an advantage.
• Strong analytical, numerical, and problem-solving skills.
• High level of integrity, attention to detail, and accuracy.
• Ability to work effectively with Production, Warehouse, Procurement, and other operational teams.
• Candidates with experience in batch production, formulation-based manufacturing, raw material consumption, product costing, inventory control, and production variance analysis will be particularly preferred.

Application Closing Date
15th September, 2026.

Interested and qualified candidates should send their resume to: hr@coltongroupinc.com using the Job Title as the subject of the mail.