The Production Accountant at The Maa Trust

The Production Accountant at The Maa Bead-work will be responsible for overseeing all financial processes related to the production cycle withinMaaBead-worksocial enterprise. This includes managing the requisition, tracking, and costing of raw materials, work-in-progress, and finished products. The Production Accountant will ensure accurate and transparent financial reporting, timely cost allocation, and close collaboration with the leather, beading, andsalesdepartments to ensure that the production process runs efficiently and is financially sound. Key roles and responsibilities include:

Key roles and responsibilities:

• Pricing and Production Cost Management
• Accurately costs raw materials, labour, and overheads associated with custom-designed items and standard bead-work products.
• Calculates pricing for retail, wholesale, and custom orders and samples, taking into account material costs, labor costs, overheads, and productiontimelines.
• Calculates piecemeal payments to bead-work artisans and submits monthly artisans’ payables to the finance team.
• Reviews product pricing periodically to adjust for changes in raw material costs or market conditions
• Monitors and controls production costs, including materials, labor, and overheads.
• Analyzes variances between actual and standard costs and suggests corrective actions.
• Provides financial reports on production costs and highlights any discrepancies or inefficiencies in the production cycle. Inventory Cost Tracking and Control
• Track inventory movement of raw materials, work-in-progress (WIP), and finished goods, ensuring accurate valuation and reconciliationof stock.
• Review and verification of raw materials’ requisitions (leather, beads, canvas, etc.).
• Tracks and ensures requisitioned materials are utilized according to production requirements and production schedules.
• Coordinates with the inventory and sourcing officer to establish and report on the value of raw materials inventory.
• Tracks the movement of raw materials issued to the Leather and Beading departments as work-in-progress in the accounting system.
• Ensures the accurate recording of materials used at each stage of production and monitors the progress of custom and pre-existing products. Financial Planning, Control, and Compliance
• Assists in preparing annual financial plan, production budgets, and forecasts.
• Submits monthly production projections/plans and budget.
• Monitors production spending against budget and alerts management of discrepancies.
• Coordinates with the Leather and Beading departments to ensure smooth flow of materials and work-in-progress.
• Works with the sales team to provide cost breakdowns and pricing for retail, wholesale, and custom orders.
• Communicates production costs and any adjustments to management for strategic decision-making.
• Supports the operations and production teams in understanding and managing costs effectively.
• Submits monthly inventory reports with key analysis, including detailing raw material usage, work-in-progress status, and finished goods availability.
• Updates the monthly sales figures and reports on the sales tracking dashboard against set targets.
• Analyses and report fast-selling products, sizes, colours and seasonal changes.

Qualifications, Experience and Skills:

• A Bachelor’s degree in Accounting, Finance or a related field.
• At least CPA part 2 qualification
• At least 2-3 years of experience in accounting or financial management in a manufacturing or production environment.
• Strong understanding of cost accounting, inventory management, and production workflows.
• Experience with accounting software (e.g., QuickBooks, Tally, or similar) and ERP systems.
• Knowledge of pricing strategies, cost analysis, and cost-based pricing models. Strong analytical and problem-solving skills.
• Excellent attention to detail and organizational skills.
• Effective communication skills to collaborate with various departments.
• Ability to handle multiple tasks and meet deadlines.
• Strong proficiency in Excel and other spreadsheet software