Plant Accountant

Date: 16 Nov 2025

Country: Nigeria

Function: Finance

Sub-Function: Finance - Common

About Us

Olam Agri supplies food, feed and fibre to meet rising demand and a shift to protein-based diets, particularly in Asian and African countries. Headquartered in Singapore and present on all continents, our value chains include farming, processing, and distribution operations, as well as a sourcing network of an estimated 2.5 million farmers. Our teams have built leadership positions in many Olam Agri businesses, including rice, flour, animal feed, sesame, cotton, wood, and more. As a purpose-driven company, we aim to contribute positively to the prosperity and well-being of people along our supply chains, the protection and regeneration of our natural resource base, and the fight against climate change.

Product Information

Wheat milling & pasta

We focus on processing and value addition locally within the region we supply. We are amongst the top grain miller in Africa and no 1 pasta manufacturer in Nigeria. We produce a range of quality pasta, semolina and flours for bread, baguettes, biscuits & confectionaries. With strong regional presence in this category across Nigeria, Senegal, Cameroon and Ghana, we produce high quality flour to meet the growing demand for wheat-based products popular amongst African consumers. Our leading brands, Mama Gold Crown Premium Pasta and Supreme Semolina in Nigeria, First choice in Ghana and Senegal and Bijou in Cameroon, comply with the stringent requirements of the Global Food Safety Initiative (GFSI) and those of the International Organization for Standardization (ISO).

We've build a long-term relationships with customers such as artisanal bakers, industrial users, and consumers. Understanding their needs and working with them, help us in continuous improvement of our product. We have several initiatives across the region to improve and empower our customers. Few such initiatives are My Healthy Baker in Ghana, Crown Flour Angels Programme in Nigeria & Mamie project in Senegal.

For more information please visit: Grains & Oilseeds | Wheat Milling | Olam Agri

Job Description

The Plant Accountant will be the primary finance partner for the Plant Management team, responsible for all aspects of financial accounting, cost control, inventory management, and adherence to corporate financial policies at the facility. This involves the timely and accurate generation of cost reports, variance analysis, fixed asset management, and ensuring strict control over all resources utilized in the production process. The role is pivotal in converting operational data into actionable financial insights.

Key Deliverables

• Cost Accounting & Analysis:
• Manage and maintain the Standard Costing system, including the calculation, update, and analysis of standard costs for raw materials, Work-In-Progress (WIP), and finished goods.
• Perform monthly Variance Analysis (e.g., material usage, labor efficiency, overhead spending) and provide timely reports and explanations to the Plant Manager and Corporate Finance.
• Monitor and control production costs to identify opportunities for efficiency improvements and cost reduction.
• Inventory Management & Control:
• Ensure the integrity and accuracy of physical inventory through participation in cycle counts and periodic physical stock takes of raw materials, packaging, and finished goods.
• Manage and reconcile the inventory sub-ledger to the General Ledger (GL) and oversee valuation adjustments (e.g., obsolescence or net realizable value).

• Control the flow and accounting of scrap and by-products.

• Financial Reporting & Compliance:

• Prepare and submit timely and accurate monthly plant financials (P&L and Balance Sheet schedules related to the plant).

• Manage Fixed Assets for the plant, including capitalization, depreciation calculation, physical verification, and impairment review.

• Ensure strict compliance with all internal controls, corporate policies, and local statutory requirements related to plant operations.

• Budgeting & Forecasting:

• Support the preparation of the annual operating budget for the plant, focusing on production volumes, operating expenses, capital expenditure (CAPEX), and cost of goods sold (COGS).

• Prepare periodic financial forecasts and provide detailed analysis against actual performance.

Strategic Effectiveness

• Operational Decision Support: Provide the Plant Manager with real-time financial data and analysis on production trends, downtime costs, and cost drivers to aid daily operational decisions and optimize resource allocation.
• Capex Evaluation: Play a key role in the financial justification and post-completion review of Capital Expenditure projects, ensuring investment returns meet corporate targets.
• Process Improvement: Actively identify weaknesses in plant control procedures and accounting processes, proposing and implementing systematic improvements to enhance efficiency, reduce risk, and strengthen the control environment.
• Cross-Functional Partnership: Serve as the critical link between the plant's operations team and the corporate finance team, ensuring alignment on operational goals and financial reporting accuracy.

Requirements

Qualifications & Experience

• Professional Certification: A recognized professional accounting certification (e.g., CPA, ACCA, CMA, CA) is highly preferred or in progress.
• Education: bachelor's degree in accounting, Finance, or a related field.
• Experience: 5 to 8 years of progressive experience in an accounting role, with a minimum of 3 years dedicated to Plant Accounting or Cost Accounting in a large-scale manufacturing environment.
• Sector Knowledge: Experience in Agribusiness, Food Processing, or continuous process manufacturing is a distinct advantage.
• Must be a chartered accountant.

Olam Agri is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, nationality, disability, protected veteran status, sexual orientation, gender identity, gender expression, genetic information, or any other characteristic protected by law.

Applicants are requested to complete all required steps in the application process including providing a resume/CV in order to be considered for open roles.