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Assistant Accountant (Costing) at Lilongwe Water Board

  • Full Time
  • Lilongwe
  • Applications have closed
  • Salary: 00

Lilongwe Water Board

The Lilongwe Water Board (Board) is a Statutory Corporation established in 1947 and reconstituted in 1995 under the Water Works Act (cap 72). It is responsible for the provision of water supply services to the City of Lilongwe and other surrounding areas designated as its supply area. In its quest for innovations and reforms in the water supply within Lilongwe City, in line with its strategic vision for growth and service delivery mandate, the Board has conceptualized the production of bottled water as one of the Government approved reform areas for Water Boards in Malawi. It is from this background that the Board invites applications from suitable, qualified, and experienced persons to fill the following vacant positions that exist at the Bottling Plant Unit within the Lilongwe Water Board Establishment:

Job Title: Assistant Accountant (Costing)

Grade: LWB 6
Department: Finance
Reporting to: Accountant

Purpose of the Job

The Assistant Accountant (Costing) will be responsible for supporting the Bottled Water Accountant in overseeing the financial management and cost accounting functions of the bottled water production unit, in addition to ensuring accurate costing, inventory valuation, and cost analysis to support
decision-making and operational efficiency.

Key Duties and Responsibilities

  • Assisting in the calculation and analysis of product costs, including direct materials, labor, and overhead expenses, to determine the cost of goods sold and inventory valuation.
  • Conducting regular cost variance analysis and investigate discrepancies to identify cost-saving opportunities and improve cost control measures.
  • Preparing cost reports and presentations for management review, highlighting key findings and recommendations for improvement
  • Supporting the Bottling Unit Accountant in managing inventory transactions, including stock receipts, transfers, and adjustments, to ensure accurate recording and reporting of inventory levels.
  • Reconciling physical inventory counts with system records and investigating any discrepancies to maintain inventory accuracy and integrity.
  • Assisting in the development and implementation of inventory control procedures to minimize shrinkage and optimize inventory turnover.
  • Collaborating with the Bottling Unit Accountant in preparing financial statements, reports, and analyses for internal and external stakeholders, ensuring compliance with accounting standards and regulatory requirements
  • Assisting in the preparation of budget variance analysis and forecasts to support budgeting and financial planning processes.
  • Providing support during financial audits and assisting in addressing audit inquiries and findings as needed
  • Supervising Warehouse Clerks and providing guidance and direction to ensure efficient warehouse operations.
  • Training new Warehouse Clerks on warehouse procedures, safety protocols, and inventory management practices
  • Conducting performance evaluations, setting performance goals, and providing feedback to Warehouse Clerks to facilitate professional development and performance improvement.
  • Participating in process improvement initiatives to streamline cost accounting and warehouse operations, enhance efficiency, and strengthen internal controls.
  • Ensuring compliance with accounting policies, procedures, and internal controls framework, identifying, and addressing any potential areas of non-compliance or risk
  • Staying updated on industry best practices, regulatory changes, and accounting standards related to cost accounting and inventory management.
  • Working closely with the Bottling Unit Accountant and other team members to achieve departmental goals and objectives.
  • Collaborating with cross-functional teams, including production, procurement, and quality assurance, to gather relevant cost and inventory data and support decision-making.

Minimum Academic and Professional Qualifications and Experience

  • Bachelor’s Degree in Accounting, Finance, or a related field
  • At least 2 years’ experience in a cost accounting role or similar position preferred.
  • Strong analytical and problem-solving skills, with a keen attention to detail
  • Proficiency in Microsoft Excel and accounting software
  • Excellent communication and interpersonal skills
  • Ability to work collaboratively in a fast-paced environment and prioritize tasks effectively.

Method Of Application

LWB is an equal opportunity employer. Therefore, both male and female persons who meet the prerequisite qualifications and experience are encouraged to apply.

Interested persons should submit their application with up-to-date detailed curriculum vitae, to reach the undersigned not later than the 30th April, 2024.

The Chief Executive Officer,
Lilongwe Water Board
P. O BOX 96

All late applications shall not be considered and only shortlisted candidates will be acknowledged.