Finance Officer

Production Costing

• Calculate the production cost of cement and clinker.
• Track and analyze major production costs, including:
• Raw materials
• Fuel / coal
• Electricity
• Direct labor
• Packaging
• Maintenance
• Production overhead
• Calculate cost per ton of cement and clinker.
• Compare actual production costs with budget or standard costs.
• Identify significant cost variances and report them to the Finance Manager.
• Prepare monthly production cost reports.
• Reconcile production costing records with accounting records.
• Coordinate with Production, Warehouse, Procurement, and Finance departments to obtain accurate cost information.

B. Payroll

• Prepare monthly payroll based on approved employee records and attendance.
• Calculate:
• Basic salaries
• Allowances
• Overtime
• Deductions
• Advances
• Other approved adjustments
• Verify payroll changes against approved HR documentation.
• Reconcile payroll with the approved salary payment schedule.
• Prepare payroll summaries for review and approval.
• Maintain confidentiality of employee salary information.
• Coordinate with HR regarding new employees, resignations, salary changes, and other payroll adjustments.

C. Fixed Asset Management

• Maintain and update the company's fixed asset register.
• Record acquisition and capitalization of assets.
• Record asset transfers, additions, and disposals.
• Maintain appropriate asset identification and documentation.
• Calculate monthly depreciation.
• Record depreciation in the accounting system.
• Reconcile the fixed asset register with the General Ledger.
• Support periodic physical verification of fixed assets.
• Report discrepancies between physical assets and accounting records.

D. Depreciation

• Calculate depreciation according to the company's approved accounting policy.
• Ensure depreciation is recorded accurately and on time.
• Review useful lives and asset classifications based on approved policies.
• Prepare monthly depreciation schedules.
• Reconcile depreciation expense with the General Ledger.