Cost And Management Accountant

Job title

Cost and Management Accountant

Kwa Zulu-Natal, Durban Deadline :
December 17,

17th December

• B Tech Cost and Management
• Accounting / CIMA / B Comm Honours Accounting
• Knowledge of ERP systems - SAP advantageous
• A minimum of 3-5 years' cost accounting
• Experience in a manufacturing environment

• Product Costing
  • Manage and update standard cost of all products
  • Liaise with Planning & Logistics to ensure product costs are updated for changes to Bill of Materials
  • Review changes to Bills of Materials on a monthly basis for validity
  • Establish yearly standard and review labour and overhead rate variances for the plant
  • Assist with annual budget preparation (product costs, overhead rates)
• Cost Accounting
  • Monthly Work in Progress valuation
  • Analyse production variances, obtain explanations and determine corrective action plans
  • Monitor and report on progress against agreed action plans
  • Monthly review of process orders and relevant status
  • Review monthly factory overhead spend versus budget, highlight variances and discuss with relevant cost centre manager
  • Incorporate changes in overhead rates / allocations into product cost model
  • Participate in half yearly and annual stock counts
• Management Accounting
  • Analyse price variances on a monthly basis and report to management
  • Review inventory holding on a monthly basis, highlight slow moving and embargoed inventory items and ensure required provisions are raised
  • Inventory reporting and explanation of movements
  • Monthly reporting on stock write offs
  • Preparation of Journal entries
  • Prepare general ledger reconciliations for accounts under your control
  • Ensure monthly statistical data is compiled and reported to Statistics SA in stipulated timeframe
  • Identify areas for improvement and recommendations on how to improve overall cost effectiveness within the business
• General
  • Attend to ad hoc tasks as assigned by the Financial Manager
  • Develop financial reporting tools to assist with management accounts
  • Assist in finance related projects

• Leading and Influencing Others
• Managing Relationships
• Personal Leadership
• Business Impact
• Strong communication and interpersonal skills
• Ability to work under pressure
• Planning and organizing
• Strong attention to detail and accuracy
• Able to proactively identify and resolve problems
• Analytical and problem solving skills
• Responsible and accountable
• Ability to work in collaborative team environment
• SAP Preferred