Export Cost Accountant

ABOUT ZAMZAM BANK

ZamZam Bank S.C. takes its name from ZamZam Holy Water, the life-giving spring associated with Makkah and the hills of Safa and Marwa. Inspired by this meaningful heritage, ZamZam Bank aspires to create lasting economic and social impact by expanding access to ethical, inclusive and affordable financial services.

ZamZam Bank is Ethiopia's first full-fledged Interest-Free Bank, pioneering a new chapter in the country's banking industry. The Bank is committed to delivering Shari’ah-compliant, affordable, effective and inclusive banking and financial services while leveraging technology, innovation and digital transformation.

The Bank's journey is built around a commitment to financial inclusion, innovation, professional excellence, customer service and sustainable economic development.

JOIN OUR JOURNEY

As we continue to grow and strengthen our position in the Interest-Free Banking industry, we are seeking talented, energetic and results-oriented professionals who are ready to make a difference.

If you are looking for more than a job—if you want to build a meaningful career, contribute to financial inclusion and become part of the future of banking—ZamZam Bank invites you to apply.

Place of work: Harar and Gelemso

Job Purpose :- Responsible for conducting transactional, complex, and sensitive audits within the company to ensure the overall company’s operations are in line with the company’s policies and procedures.  

Main Duties and Responsibilities

• Makes recommendations on the systems and procedures being reviewed, 
• Reports on the findings and recommendations and monitors management's response and implementation of same,
• Identifies and assesses financial risks to the company's financial statements, operations, and compliance with laws and regulations, 
• Develops audit programs to test the effectiveness of internal controls and identify areas of improvement, 
• Prepares audit reports that communicate the findings and recommendations of the audit,
• Interacts with management and other stakeholders to ensure that audit findings are addressed in a timely and effective manner, 
• Ensures that comments of external auditors are addressed by concerned departments,
• Ensures the performance of audit procedures to verify that controls are operating through testing and interviewing techniques, 
• Inspects transactions and related documents and verify accuracy and legitimacy,
• Performs analysis and concludes on the effectiveness and efficiency of the control system,
• Identifies control gaps and opportunities for improvement,
• Oversees the documentation of results of audit work in accordance with applicable audit standards,
• Prepares and presents timely audit reports for relevant stakeholders,
• Provides advice on internal control and participate in enhancing internal audit standards and practices,
• Follow up and ensure the implementation of audit recommendations,
• Ensures that causes of recurring irregularities have been identified and assist in the provision of appropriate remedial actions by carrying out analysis of findings,
• Stays up-to-date on the latest auditing standards and practices,
• Prepares periodic summary reports,
• Supervise and mentor junior auditors,
• Perform other duties assigned by the immediate supervisor.

Job Purpose:- To estimate production costs and track regular expenses, which may be related to a new process or a new product and recommend changes to pricing and business models through tracking data such as changing labor, supply costs, conducting market research.

Duties and Responsibilities:

• Develops and maintains accurate costing systems in relation to labor, production methods and material supply.
• Analyzes changes in product design, raw materials, manufacturing methods, or services to determine effects on costs.
• Estimates new and proposed product costs as well as product changes.
• Analyzes the data collected and logs a detailed record of the results.
• Repairs (monthly, quarterly, and annual) cost forecasts.
• Analyzes monthly Cost of goods sold (CoGS), Purchase Price Variance (PPV) and Manufacturing variance journal entries.
• Analyzes data on material and labor costs to evaluate efficiency and effectiveness.
• Reviews standard and actual costs for inaccuracies.
• Analyzes changes in product design, raw materials, manufacturing methods, or services provided to determine effects on costs.
• Analyzes actual costs and prepares periodic report comparing standard costs to actual costs and recommend cost efficiencies.
• Provides finance support on business cases; project cost calculations/quotations for strategic projects with appropriate labor and overhead rates and overall production costs (make/buy, outsourcing/in sourcing).
• Prepares product cost reports which meet the needs of managers and other employees using the information.
• Reconciles general ledger account balances for inventory, material expense and production costing items.
• Assists cost related issues in Ad-Hoc projects to improve overall financial process and controls.
• Evaluates and updates standard costs on a quarterly basis, which includes the review and analysis of material, direct & indirect labor, and other overhead costs incurred.
• Provides input and recommendations for streamline processes and updates of the cost accounting policies and procedures.
• Reviews and drives cost reductions, working capital opportunities and manufacturing productivity improvements.
• Prepares the monthly cost of sales figures by analyzes expenses such as material, labor, research, and development expenses.
• Performs other duties assigned by the immediate supervisor.