Management Accountant at Coca-Cola Beverages Zambia

Coca-Cola Beverages Zambia is a subsidiary of Coca-Cola Beverages Africa, the eighth-largest Coca-Cola bottling partner worldwide by revenue and the biggest on the African continent.

Job Description

The position falls under the Finance Department and will report to the Finance Manager. The main responsibilities of the Management Accountant will be to collect and analyse financial information to assist management in making informed business decisions, create financial reports, budgets, and forecasts, and provide insights into cost management, profitability, and overall financial performance. The role collaborates with various departments to gather data, assess financial risks, and offer recommendations for optimizing business processes. Additionally, the management accountant will contribute to strategic planning, cost analysis, and performance evaluation, ensuring alignment with organizational goals and financial

Financial Analysis and Reporting:

• • Collect and analyse financial data to generate reports.

• • Prepare financial statements, budgets, and forecasts.

• • Provide insights into cost management, profitability, and financial performance.

• • Conduct variance analysis to assess deviations from budgets and forecasts.

• • Provide financial and accounting support ensuring financial data integrity for the Annual reporting process.

• • Provide month-end management reports.

Budgeting and Forecasting:

• • Develop annual budgets in collaboration with various departments.

• • Create financial forecasts based on market trends and business objectives.

• • Monitor budget performance and provide recommendations for adjustments.

Strategic Planning and Decision Support:

• • Contribute to strategic planning initiatives.

• • Offer financial insights to aid in decision-making.

• • Evaluate the financial implications of strategic alternatives.

Cost Management:

• • Analyse costs of production, services, or projects.

• • Implement cost control measures to optimize operational efficiency.

• • Identify areas for cost reduction and process improvement.

Financial Risk Assessment:

• • Assess financial risks and propose risk mitigation strategies.

• • Monitor market trends and economic factors impacting the organization.

• • Provide recommendations to manage and minimize financial risks.

Stakeholder Management:

• • Partner with budget holders, providing advice, support, and monitoring across the organization.

• • Work collaboratively with various departments to gather financial data.

• • Communicate financial information to non-financial stakeholders.

• • Train budget holders on financial principles when required.

• • Collaborate with executives to align financial strategies with organizational goals.

Performance Evaluation:

• • Evaluate the financial performance of departments or business units.

• • Implement key performance indicators (KPIs) to measure success.

• • Provide recommendations for improving overall performance.

Compliance and Regulation:

• • Ensure compliance with financial regulations and accounting standards.

• • Stay informed about changes in financial reporting requirements.

• • Implement accounting policies and procedures.

Continuous Improvement:

• • Identify opportunities for process improvement in financial operations.

• • Implement systems and technologies to enhance financial processes.

• • Stay updated on industry best practices and emerging trends.

• • Relevant bachelor’s degree or equivalent tertiary qualification in Accounting Equivalent of CIMA/ACCA/ZICA

• • 3 years’ experience in FMCG.

• • Customer-centric

• • Good communication skills.

• • Ability to build relationships.

• • Ability to communicate financial information to a wide audience.

• • Sound judgment and initiative

• • Ability to effectively gather multiple sources of information and apply technical and analytical skills to make effective decisions.

• Ability to effectively plan, organize, and coordinate work to ensure that goals are achieved with the highest quality of work possible within agreed timeframes.