Ascentech Services Limited

Ascentech Services Limited is an absolute Human Resource Solution Provider incorporated in 2013 with its Head Office in Lagos, Nigeria. We are committed to forging long-term partnerships with our clients by creating and delivering robust and flexible services that address the changing needs of their business. Join Ascentech Services Limited careers team today, and be part of our success story.


Ascentech Services Limited

Ascentech Services Limited Recruitment is to fill the position below:

Job Title: Cost Accountant
Location: Mowe, Ogun
Employment Type: Full-time
Industry: Manufacturing

Job Summary

  • As a Cost Accountant, you will be a key member of the finance team, responsible for analyzing and managing cost-related activities, financial planning, and providing valuable insights to support strategic decision-making.
  • Your role will encompass overseeing financial transactions, analyzing costs, budget preparation, and assisting in the implementation and maintenance of financial systems.

Key Responsibilities

  • Preparing Monthly MIS: Generate Monthly Management Information System (MIS) reports, highlighting key financial metrics and performance indicators.
  • Preparing Monthly Budget: Assist in the preparation of monthly budgets and forecasts, comparing actuals to budgets to identify variances and trends.
  • Month-End Closing: Coordinate and participate in the month-end closing process, ensuring timely and accurate financial reporting.
  • LPGR & APGR Approvals: Review and approve LPGR (Local Purchase Goods Receipts) and APGR (Assets Purchase Goods Receipts) to ensure accurate recording of financial transactions.
  • Approving All JV’s: Validate and approve journal vouchers (JVs) to ensure accuracy and compliance with accounting standards.
  • Forex: Monitor foreign exchange transactions and their impact on financials, providing insights to manage forex-related risks.
  • Creation of Masters in ERP: Utilize the Orion system to establish and maintain cost-related master data, ensuring accurate and up-to-date information.
  • Maintaining the Provisions: Manage and maintain provisions for various financial transactions and obligations.
  • Inventory Matching and Valuation: Oversee inventory accounting, matching purchase orders with receipts, and ensuring accurate valuation.
  • Training, Supporting, and Guiding the Team: Provide training and support to team members on ERP and accounting-related matters, fostering a knowledgeable and efficient team.
  • External & Internal Audit Support: Collaborate with auditors during external and internal audits, providing necessary documentation and support.
  • Analysis and Activity Analysis: Conduct in-depth analysis of financial data, cost drivers, and activity-based costing to identify opportunities for cost optimization and efficiency improvements.
  • Supporting Other Departments: Collaborate with other departments, providing relevant financial information to assist in decision-making processes.
  • Local Sales Approvals: Review and approve local sales transactions, ensuring compliance with company policies and financial guidelines.
  • Fixed Asset Register ownership and updating on regular intervals along with FA verification and propose amortizations if any.


  • HND / B.Sc in relevant discipline
  • 5 – 7 years of work experience in the related field.
  • ICAN Certified.
  • Proven experience as a Cost Accountant and expertise in MIS and month end closure.
  • Proficiency in using financial software and ERP systems (e.g. Orion).
  • Strong analytical skills and attention to detail.
  • Excellent communication and interpersonal abilities.
  • Ability to work collaboratively in a team-oriented environment.
  • Familiarity with accounting standards and regulatory requirements.
  • Advanced MS Excel skills.

Application Closing Date
5th August, 2023.

How To Apply:
Interested and qualified candidates should send their CV to: using the Job Title as the subject of the mail.

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