Cost and Management Accountant

Accounting and Finance

Job Location

Durban

Job Type

Full Time

Education

Bachelor's Degree

Total Positions

1

BEE Position

Yes

Job Description

To provide the business unit with a comprehensive cost accounting service designed to acquire new business and retain existing business on a profitable basis.

Minimum qualification Skills & Experience
• CIMA, BCom or National Diploma (Cost and Management Accounting) or equivalent
• MS Office (Excel, Word, PowerPoint, Outlook)
• Produce spreadsheets using accounting-related information technology (Advanced Excel)
• Understand costing methodologies
• Preparation of quotations
• Prepare and Interpret costing models

Job Duties

Key Result Areas
• Provide guidance and input where necessary to the plant and finance managers of the business units on matters impacting profitability. 
• Periodically review the accuracy of plant bills of materials and standard margins and provide guidance on corrective actions where applicable.
• Contribute to improvements in the functioning of the organisation's risk management and control systems
• Apply business accounting practices
• Management of costing system to ensure accuracy at all times
• Review cost requests to ensure accuracy
• Review monthly standard cost changes for reasonability
• Verify accuracy of costings versus process documents
• Cost differential exercises and related margin impact
• Material usage analysis and drive solutions to correct variances
• Play an integral part in cost analyses for customer increase negotiations
• Proactive, continuous review of entire costing system including production transfer points to ensure best accounting practice and efficient business operations
• Manage Capex Applications
• Capex tracking versus budget and forecast spend
• Weekly Capex spend update
• WIP stock count capture 
• Review all stock adjustments monthly
• Play an integral part in cost analyses for customer increase negotiations
• Significant involvement in the set-up of MRP
• Work with Supply Chain Manager ensuring MRP works effectively and efficiently 
• Monthly management accounts pack
• Margin analysis
• Slow moving and obsolete stock report driving provision reductions
• Scrap analysis versus standard allowances 
• Set up and maintain meaningful manufacturing reports and analysis including machine and labour efficiency reporting  
• Compile advanced Reconciliations
• Complete Year-End Procedures
• Reporting: Present information in report format
• Monitor and maintain Quality within Finance
• Attend to all queries from applicable regulatory bodies.
• Track and finalised applicable grants to completion and collection of grants.
• Analyse and interpret Finance reports and statistical data
• Prepare financial reports and returns as required.

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