Managment Accountant

An opportunity exists for interested and qualified candidates to apply for the mentioned position at Namib Mills (Pty) Ltd., Windhoek.

PRIMARY PURPOSE OF THE POSITION

The Management Accountant ensures accurate financial reporting, robust cost management, and strong governance over financial and operational data within a fast-paced FMCG manufacturing environment. The role serves as the master data custodian, oversees the creation and maintenance of Bills of Materials (BOMs), and provides ERP/accounting system support to ensure data integrity and uniformity. This position plays a critical role in driving operational efficiency, supporting strategic decision-making, and strengthening financial controls across the business.

KEY FUNCTIONS AND RESPONSIBILITIES

1. Financial Management & Reporting

• Prepare, analyse, and interpret monthly management accounts, including variance analysis on revenue, COGS, operating costs, and margins.
• Compile weekly and monthly operational dashboards highlighting efficiencies, losses, yields, waste, and key FMCG performance indicators.
• Support the budgeting and forecasting processes by consolidating assumptions from Production, Supply Chain, Sales, Procurement, and Human Resources.
• Track rolling forecasts based on commodity price changes, production volumes, labour shifts, and overhead movements.
• Provide product, SKU, customer, and channel profitability reporting.
• Conduct financial modelling for new products, capital investments, potential efficiency projects, and long-term planning scenarios.
• Monitor specific drivers such as OEE, conversion costs, yield losses, and RM/PM usage trends.

2. Master Data Management (Custodian)

• Act as the primary owner and custodian of all finance-related master data, ensuring accuracy, consistency, and compliance.
• Create and maintain General Ledger (GL) accounts, ensuring uniform naming conventions and structural alignment across the group.
• Maintain accurate cost centres, profit centres, product codes, supplier/customer data, routing information, and warehouse structures.
• Implement and enforce strong data governance rules to prevent duplication, data corruption, or inconsistent data capture.
• Conduct periodic data integrity audits to ensure master data accuracy, completeness, and relevance.
• Align master data governance with stakeholders including IT, Supply Chain, Production, and Procurement.
• Maintain accurate mappings between ERP, BI tools, and reporting platforms.

3. ERP & Accounting System Support

• Serve as the primary support contact for finance and operational staff requiring assistance with accounting or ERP systems.
• Assist with configuration of GLs, cost centres, and master data elements to ensure accurate posting and reporting.
• Troubleshoot transactional posting errors, stock issues, blocked transactions, and system discrepancies.
• Support IT and system vendors in implementing ERP upgrades, patches, and new functionalities.
• Conduct testing (UAT) and validation of financial data during system changes and upgrades.
• Develop SOPs, training materials, and deliver training sessions for system users across departments.
• Identify process automation opportunities to reduce manual workload and improve data reliability.
• Ensure compliance with month-end and year-end system procedures (e.g., stock revaluations, closing modules, cost roll-ups).

4. Bill of Materials (BOM) Creation & Maintenance

• Create BOMs for new products and ensure alignment with Production, R&D, and Quality specifications.
• Maintain, review, and update BOMs to ensure accuracy of raw materials, packaging components, standard quantities, and routing information.
• Identify and resolve BOM discrepancies by analysing actual vs. standard usage, labour, and machine times.
• Support annual and interim cost-roll processes to ensure BOMs accurately reflect market commodity prices and operational efficiencies.
• Validate BOM changes before implementation to prevent inaccurate stock valuations or COGS distortions.
• Support New Product Development (NPD) by developing costing models and advising on pricing implications.
• Collaborate with Engineering and Production to optimise BOM structures for efficiency and cost accuracy.

5. Cost Accounting & Analysis

• Maintain standard costing for all manufactured products, updating models as needed.
• Perform detailed material, labour, and overhead variance analysis, and provide actionable insights to operational stakeholders.
• Analyse yield performance, waste, scrap, rework, downtime, and operational inefficiencies.
• Reconcile WIP and finished goods accounts monthly to ensure accurate inventory reporting.
• Support Procurement with commodity trend tracking and cost-change impact analysis.
• Conduct margin analyses for pricing decisions, tenders, promotions, and special customer arrangements.
• Perform cost-to-serve studies where required.
• Prepare monthly costing reports for Production and Executive Management.

6. Compliance, Controls & Audit Support

• Ensure adherence to IFRS and internal financial governance policies.
• Maintain internal controls related to master data, BOMs, cost accounting, and stock valuation.
• Ensure segregation of duties within ERP systems and proper role permissions.
• Prepare audit schedules and supporting documentation for internal and external audits.
• Support risk mitigation initiatives by identifying control weaknesses and proposing improvements.
• Ensure accurate document retention, version control, and compliance with audit trails.

7. Cross-Functional Collaboration

• Work closely with Production to review efficiency performance and understand operational impacts on financial results.
• Engage with Supply Chain and Procurement to track material pricing, supplier cost changes, and inventory dynamics.
• Collaborate with Sales & Marketing on pricing proposals, promo analyses, product profitability, and customer margin performance.
• Participate in weekly operations meetings to provide financial insights and recommend cost optimisation initiatives.

8. Continuous Improvement

• Drive standardisation of financial and costing processes across all manufacturing sites.
• Identify opportunities to automate reports, reconciliations, and routine finance tasks.
• Lead or support continuous improvement projects that reduce cost leakage or enhance profitability.
• Benchmark internal costing and operational performance against FMCG best practices.
• Regularly review SOPs and workflows to ensure alignment with evolving business needs and system capabilities.

9. Ad hoc Duties

• Performing any ad hoc duties as per instructions from your manager.

MINIMUM REQUIREMENTS FOR THIS POSITION

• Bachelor’s degree in Accounting, Finance, Cost Management, or related field.
• Five (5) to ten (10) years’ relevant experience in a finance field.
• ERP/accounting system support experience will be advantageous.
• Namibian citizen OR eligible to apply for Namibian citizenship.
• Valid driver’s license.
• Computer literate with mastering of Word, Excel and PowerPoint and ERP business solution software.
• Excellent communication and interpersonal skills, with the ability to influence and engage with management
• Strong analytical skills and ability to derive actionable insights.

Namib Mills (Pty) Ltd is an equal opportunity employer.
Previously Disadvantaged Namibians (PDN) and women are encouraged to apply.

CVs with full details can be forwarded to: hr3@namibmills.com.na(not larger than 2MB).

Subject line for applications should be: NMDIST08102025 – Distribution and Logistics Manager

Only applications with this subject line will be considered.

It is imperative to note that only shortlisted candidates will be contacted for interviews.

CLOSING DATE FOR APPLICATIONS:  26 JANUARY 2026