A Finance & Accounting Manager in the food industry oversees all financial operations while ensuring that the company maintains profitability, complies with accounting standards, and manages costs effectively. Because the food sector is fast-moving and cost-sensitive, this role plays a major part in budgeting, inventory cost control, and financial planning.
Key Responsibilities
- Financial Management & Reporting
Prepare and analyze monthly, quarterly, and annual financial statements
Maintain accuracy of general ledger and accounting records
Ensure compliance with local financial regulations and standards (e.g., GAAP, IFRS)
Oversee tax filings and external audits
Develop annual budgets and rolling forecasts
Monitor financial performance against budget
Provide insights to management for cost-saving initiatives
Analyze variance reports and recommend corrective actions
- Cost Accounting & Inventory Control
This Is Highly Important In Food Manufacturing/distribution
Oversee product costing, raw material cost tracking, and cost-of-goods-sold (COGS) analysis
Coordinate with production, procurement, and warehouse teams
Manage inventory valuation and conduct regular stock audits
Ensure proper cost allocation for labor, materials, and overhead
- Cash Flow & Treasury Management
Monitor cash flow and working capital
Manage payables, receivables, and credit control
Optimize payment cycles and supplier terms
- Leadership & Team Management
Lead the accounting team
Set KPIs and provide training
Ensure efficient month-end closing processes
- Compliance & Internal Controls
Establish strong internal controls
Ensure adherence to food industry financial standards
Oversee risk management and implement financial policies
Skills & Qualifications
Technical Skills
Strong knowledge in accounting principles
Proficiency in ERP systems (SAP, Oracle, Netsuite, QuickBooks, etc.)
Advanced Excel skills
Cost accounting knowledge (critical in food manufacturing)
Soft Skills
Strong analytical mindset
Leadership and team management
Detail-oriented and organized
Good communication and reporting skills
Preferred Background
Degree in Accounting, Finance, or related field
CPA or CMA is an advantage
Experience in food manufacturing, food distribution, FMCG, or similar industries
