Commercial Analyst at RCL Foods

Job Description    

• At RCL FOODS, we are driven by a purpose that goes beyond business. Our commitment to "We grow what matters" reflects our dedication to nourishing lives, communities, and the future. As a leading player in the Food Manufacturing industry, we pride ourselves on delivering high-quality products and making a positive impact. As we continue to grow, we are seeking an analytical individual who pays attention to detail to join our team as a Commercial Analyst within our Group Services Division. 

The purpose of the role is to: 

• Manage the accounting for the Group Services Company (including Group Services, Group Functions and Food Division) monthly.
• Facilitate the achievement of the cost center owners targets by providing accurate, up-dated financial reports, handling queries and resolving issues.

Minimum Requirements    

• BCOM Degree (Accounting or other).
• Experience working within a finance team for at least 2 years (Handling accounting queries, Processing journal entries, Preparing reports)
• IT system knowledge and experience compulsory(SAP, BI CUBE).
• Execellent communication Skills

Duties & Responsibilities    
Accounting:

• Apply basic accounting principles to ensure costs and balances are recorded appropriately within Group Services.
• Analyse the monthly costs after close-off, investigate variances and prepare simple reports to explain the variances.
• Be able to identify and analyse the impact of costs on the cost centre target/forecast and have the foresight to communicate these with cost centre owners where applicable.
• Review of balance sheet of Group Services & RCL Foods Limited, checking the accuracy of the provisions, prepayments and deferred income postings amongst other accounts with may arise.
• Provide accounting support to cost centre owners through preparation of simple reports from the general ledger that illustrate the costs in an insightful manner for their review.
• Identification of the monthly accruals that are required.
• Preparation of monthly journal entries with supporting documentation.
• Resolving queries from cost centre owners, processing and the divisions on an on-going basis through appropriate investigation of general ledger and communication with relevant individuals.
• Deal with requests from the cost centres/divisions to move costs or raises invoices, by initiating workflows, creating journals or providing instructions to processing clerks , ensuring appropriate authorisations are obtained and following up that the task has been actioned.
• Review and analyse the cost centres for anomalies and misallocations of postings and resolve through investigation and interaction with cost centres owners.
• Collate all cost for the month within Group Services and recharge to the divisions. Ensure all chargeable costs are passed onto the divisions.
• Based on the review and analysis performed provide recommendations to cost centre owners on appropriate accounting practice, monitor behaviour and intervene where corrective action is required.
• Influence Group Services accounting behaviour and responsibility for accurate reporting through process improvement suggestions and implementation.
• Drive an efficient month-end process, be proactive with handling issues, interact with cost centre owners to set appropriate review deadlines and adjust the work plan accordingly. Meet with cost center owners to discuss costs and ensure all costs have been accounted for in the month under review.
• Drive month end review meetings with cost center owners to discuss monthly costs and highlight any material variances.
• Attend to Auditors queries arising from testing and provide related support and explanations.
• Prepare monthly Income Received in Advance recon. Reconcile to Group Services balance sheet balance. Track all funds received and record all outstanding funds. Consult HR learning Exec on amount to be recognised in the income statement.
• Verification and posting of travel accruals and actual travel.
• Payment of leased vehicles and fuel cards.
• Assist with implementation of processes regarding leased vehicles and fuel cards.
• Assist and support Group Commercial Manager on all accounting, commercial and process driven matters/adhoc exercises.
• Facilitate employee transfers across cost centers and divisions. Ensure that all related processes have been followed. E.g. payroll and HR notified, credit cards transferred, cost center salary transfers processed.
• Analysis of monthly transfers and impact on month end reports.

Commercial:

• Assist and support the Group Management Accountant to drive the Group Services, Group Functions and Food Division business plan and forecasts, hold discussions with the cost center owners to discuss the outcome and provide accounting support to them throughout the process.
• Update the Group Services, Group Functions and Food Division recharge model accordingly to ensure each division absorbs the appropriate amount of overheads.
• Manage the cost centre reports on the Performance Zone in the Cube.
• Use of technology (e.g. Power BI) to continuously improve and enhance reporting and variance analyses.

Deadline:31st July,2025