Management Accountant

WE ARE HIRING: Factory Accountant 

Location: Sri Lanka
Employment Type: Full Time
Industry: Packaging

Role Overview 

We are seeking a commercially driven and detail-oriented Factory Accountant to take ownership of factory financial control, production costing, inventory governance, and operational finance within a leading flexible packaging manufacturing environment. The successful candidate will play a critical role in driving cost efficiency, maintaining accurate production costing, strengthening inventory controls, supporting operational decision-making, and ensuring the highest standards of financial governance across factory operations. This role is ideal for a finance professional who enjoys working closely with Production, Procurement, Stores, and Operations teams while providing meaningful financial insights that improve profitability and operational performance.

Key Responsibilities 

Production Costing & Efficiency

• Maintain and manage standard costing and actual costing structures across products and production lines.
• Monitor raw material consumption, wastage levels, yield performance, and production efficiencies.
• Perform detailed variance analysis covering materials, labour, utilities, and manufacturing overheads.
• Identify cost gaps and provide recommendations to improve factory profitability.
• Maintain accurate Bills of Materials (BOMs) and ensure costing structures remain current and reliable.
• Support continuous improvement initiatives by identifying process inefficiencies and cost-saving opportunities.
• Provide cost analysis to support pricing, operational, and commercial decision-making.

Inventory Management & Control

• Manage and monitor Raw Materials, Work-in-Progress (WIP), and Finished Goods inventory.
• Conduct and supervise regular stock counts and stock audits.
• Reconcile physical stock balances against ERP and accounting system records.
• Investigate inventory variances and implement corrective actions.
• Ensure inventory valuation complies with applicable accounting standards and internal policies.
• Strengthen inventory controls to minimize losses, wastage, and stock inaccuracies.
• Work closely with Stores and Production teams to improve inventory accuracy and operational efficiency.

Financial Reporting & Analysis

• Prepare monthly factory financial reports and operational performance reviews.
• Analyze factory profitability and cost performance and provide recommendations for improvement.
• Monitor and control factory-related expenditure against approved budgets.
• Support month-end closing activities and management accounting requirements.
• Assist with preparation of forecasts, financial projections, and management reports.
• Provide financial insights and performance analysis to support business decisions.

Budgeting & Cost Control

• Monitor utility expenses, maintenance costs, consumable costs, and factory overheads.
• Review budget performance and conduct budget-versus-actual variance analysis.
• Identify cost reduction opportunities and support implementation of cost control initiatives.
• Assist in annual budgeting and periodic forecasting exercises.
• Support management with financial planning activities and operational cost improvement initiatives.

Compliance & Internal Controls

• Ensure compliance with applicable tax regulations, accounting standards, company policies, and financial controls.
• Maintain audit-ready financial records and supporting documentation at all times.
• Strengthen internal controls relating to inventory, costing, purchasing, and factory operations.
• Support internal and external audit requirements and ensure timely resolution of audit observations.
• Monitor adherence to financial policies and governance requirements across factory operations.

Cross-Functional Business Support

• Work closely with Production, Stores, Procurement, and Supply Chain teams to support operational efficiency.
• Provide finance support for operational reviews and decision-making processes.
• Partner with business teams to improve productivity, cost efficiency, and profitability.
• Support ERP-driven process improvements and finance transformation initiatives.
• Act as a finance business partner to factory management and operational leadership teams.

Candidate Profile

• Degree in Accounting, Finance, Commerce, or a related discipline.
• Fully Qualified CIMA or ACCA is mandatory.
• 2–5 years of experience in Factory Accounting, Manufacturing Finance, Cost Accounting, or Operational Finance.
• Hands-on experience in production costing, inventory management, and variance analysis.
• Strong understanding of manufacturing operations and cost structures.
• Experience working with ERP systems and integrated manufacturing environments.
• Strong analytical, financial modelling, and problem-solving skills.
• Excellent attention to detail and commitment to data accuracy.
• Strong communication and stakeholder management capabilities.
• Ability to work independently while effectively supporting operational teams.
• Experience within FMCG, Packaging, Manufacturing, or Industrial environments will be highly advantageous.
• Strong commercial mindset with the ability to identify and drive operational improvements.

Ready to take your career to new heights? 

We're InTalent Asia, your go-to recruitment partner in Sri Lanka, and we've got an exciting opportunity for you! 

Our client is looking for a skilled individual to fill the role of Factory Accountant.

Apply now and see how you can be the perfect fit for this exclusive position!

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