Cost Accountant at Cedarcrest Hospitals Limited

Cedarcrest Hospitals was founded in Abuja in January 2008 and was formerly known as Cedarcrest Orthopaedic Clinics. Within a few years, the hospital expanded its scope of practice into a full-fledged private multispecialty hospital. The core vision of the organisation is to provide world-class healthcare services to patients in Nigeria, West Africa, and globally.

With hospitals located in both Abuja and Lagos, our services accommodate over one hundred (100) beds and provide services and facilities such as emergency / trauma center, a helipad, major radiology diagnostic center, a prosthetic manufacturing plant, an oxygen manufacturing plant, modular surgical operating theatres, cardiac catheterization unit and several other facilities that make for a modern multispecialty hospital.

We are recruiting to fill the position below:

Job Title: Cost Accountant

Ref No: CA00001
Location: Abuja
Employment Type: Full-time

The Role

  • Reporting primarily to the Finance Manager, the incumbent will be responsible for performing cost analysis and preparing budget reports, create detailed reports that present cost-effective solutions for the hospital.
  • The incumbent will ultimately build updated databases and manage cost information to maximize profitability.
  • The role holder must be proficient in computer skills, creating databases, and be able to help an organization to establish a stable budget within their specifications
  • The role of the Cost Accountant involves preparing periodic cost forecasts, analysing and reporting profit margins.
  • The responsibility also includes collecting cost information and maintain an expenses database.
  • The incumbent will review services, record data and make recommendations about cost-efficient and financially feasible cost options.
  • This role manages vast amounts of numerical data to calculate profit margins and recommend ways for an organization to minimize their costs.


  • Provide management with reports that specify and compare factors that affect prices and profitability of products or services.
  • Comply with Generally Accepted Accounting Principles (GAAP) for financial statements.
  • Assist in audits and general ledger preparation.
  • Coordinatee tariff preparation, adjustment, implementation and routine review
  • Review receipts and compare with actual charges to detect inaccuracies
  • Liaise with the procurement team to carryout routine price review
  • Plan budgets and prepare reports for multiple departments within the hospital
  • Develop and maintain the cost accounting system, documents and records for the hospital.
  • Conduct inventory reserve analysis on a quarterly basis and generate reports for senior management.
  • Project profit margins for upcoming quarters and analyse trends of highs and lows
  • Review rates of depreciation, labor and overhead and suggest policy changes to improve numbers.
  • Analyse month-end and year-end reports to identify and recommend cost-effective improvements
  • Carryout project cost-benefit analysis and make necessary recommendations
  • Establish standard costs and update them as appropriate.
  • Analyse and recommend costs and cost savings.
  • Respect for confidentiality of information laws and local ethics
  • Prepare and complete internal cost audits.


  • B.Sc degree in Finance, Accounting or Economics
  • Professional certification with Chartered Management Accountant (CIMA),  ICAN etc is an added advantage
  • 3+ years’ experience in general accounting or cost accounting
  • In-depth knowledge of accounting principles and best practices.
  • Familiarity with accounting software programs, such as FreshBooks and QuickBooks.
  • Computer literacy skills, especially with MS Excel and basic data entry and computation.
  • Analytical skills with a keen sense of organization and detail.
  • Proven time management skills and ability to work under strict deadlines.
  • Respect for confidentiality of information laws and local ethics
  • Expertise in activity-based costing for fixed and variable costs in relation to the overall direct cost of a line of productsBe confident, professional and meticulous with a keen interest in cost-efficient operations of the organization
  • Knowledgeable on statistics
  • Work comfortably under pressure and deliver on tight deadlines
  • Excellent analytical and numerical skills
  • Strong ethics, with an ability to manage confidential data
  • General knowledge of acceptable accounting practices (GAAP)

Special Conditions:

  • Employment is contingent on passing a medical screening conducted by the hospital
  • Employee will be subject to various testing including but not limited to drug and medical testing throughout the tenure of their employment

Application Closing Date
10th September, 2020.

How to Apply
Interested and qualified candidates should send their CV and Cover Letter to: using Position Title and Code as the subject of their email application.

Apply for this job
Share this job

Copyright @2021.