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General Recruitment / Consulting

Cost Accountant at Independent Project Monitoring Company Limited (IPMC)


Independent Project Monitoring Company Limited is a group of professional individuals, who are competent and capable enough to help clients achieve their goals. Our professional consultants specializes in the oil & gas industries, infrastructure & building and other services. Our experienced consultants offer services tailored to the technical. Economic, and management needs of our clients.

We are  recruiting to fill the position below:

Job Title: Cost Accountant

Location: Lagos

Job Description

  • Prepare and analyze food and beverage costs on a monthly basis and recommend alternatives to improve costs.
  • Assist in the monthly food and beverage inventories count and extension.
  • Establish and maintain a database for food and beverage inventory stock including up-to-date pricing.
  • Ensure proper storage and issuance of all food and beverage items.
  • Establish and maintain a cost allocation transfer system for food and beverage supplies to the various departments. Summarize these transactions for each financial period close.
  • Cost all food and beverage items and where practical, input these costs into the point of sales system and generate monthly potential food and beverage cost of sales.
  • Price all food and beverage storeroom requisitions and compute the following:
  • Monthly food and beverage actual costs by outlet
  • Monthly storeroom variances for food and beverage
  • Assist management in menu costing in order to establish menu item sale prices.
  • Establish and monitor the following operational controllers in the banquets and food and beverage outlets:
  • Cash Bars
  • Menu Items (ensure that they are properly rung up the system)
  • Liquor pouring procedures
  • Guest check void controls
  • Cash handling and check settlement
  • Operation inventories and reconciliations
  • Point of Sale system user capabilities and controls
  • Portion controls
  • Prepare F&B reports as requested by management.


  • As the successful candidate, you will hold a Bachelor degree in accounting or finance. A master’s degree would be an added advantage
  • Membership of the chartered institute of accountant of Nigeria is required

Skills and Competences:

  • Excellent written and verbal skills.
  • Ability to motivate employees and proven leadership skills.
  • Familiarity with Financials System, Reporting System, Micros POS and Excel
  • Demonstrated ability to work independently with minimal guidance
  • Ability to understand accounting processes
  • Open to and proposes new ideas to improve existing work processes
  • Helps to drive change to reduce complexity
  • Uses customer/client information to improve work process

Relevant Experience:

  • You will have gained at least 12 years of experience in various financial roles within the hospitality sector preferably as cost accountant
  • You will have knowledge of applicable International Financial Reporting Standards (IFRS) and be proficient in SAP or Oracle.
  • Strong knowledge of cost accounting, budgeting, and financial analysis including key trends analysis and business case analysis
  • Excellent knowledge of accounting principles and concepts

Deadline: 1st January, 2018.
How to Apply
Interested and qualified candidates should send their CV’s/Resume to: career@ipmc-ng.com

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