Factory Finance Manager​/Head of Costing

The Factory Finance Manager / Head of Costing leads the Factory Accounting and Costing function by ensuring accurate financial reporting, robust cost controls, reliable product and process costing, and continuous process improvement.

The role provides strategic financial support to improve factory profitability, minimise losses, and optimise the use and recovery of gold and other manufacturing resources.

• Lead and manage the Factory Accounting and Costing team, providing guidance, coaching and professional development to strengthen technical, financial and analytical capabilities.

• Oversee factory accounting and costing activities, including the general ledger, trial balance, monthly closing, reconciliations and financial reporting, ensuring accuracy and compliance with company policies.

• Prepare accurate monthly, quarterly, half-yearly and annual management reports covering factory performance, costing, profitability, productivity, departmental performance and key operational metrics.

• Coordinate with IT to develop and maintain costing and MIS reports, dashboards and financial analytics that provide timely operational and financial insights to management, the CEO and the CFO.

• Develop, implement and maintain a robust factory cost accounting system, supported by appropriate documentation, controls and reporting to enable informed management decisions.

• Analyse manufacturing and product costs by comparing standard costs with actual costs; identify the causes of variances and recommend cost-optimisation initiatives.

• Review product and departmental costing, cost allocations and manufacturing overhead absorption to support accurate product costing and profitability analysis.

• Prepare and manage annual factory budgets, periodic forecasts and departmental cost plans in alignment with business objectives.

• Monitor performance against budgets and prior periods, investigate variances, identify root causes and recommend corrective actions to improve operational and financial performance.

• Design, implement and improve cost-control, cost-tracking and production-monitoring processes to maximise resource utilisation, production efficiency and manufacturing profitability.

• Compare production performance with operating expenses, identify operational inefficiencies and highlight opportunities to improve cost efficiency.

• Develop and monitor manufacturing KPIs and benchmarks, including productivity, labour efficiency, manufacturing yield, cost per unit, gold loss, recovery rates and departmental performance; compare results with budgets, historical trends and relevant best practices.

• Monitor manufacturing yield and process efficiency by analysing production output, wastage, recovery rates and resource utilisation.

• Oversee precious-metal accounting and control, including metal consumption, recoveries, refining balances, metal movements and reconciliations, ensuring accountability, traceability and minimised loss throughout the manufacturing process.

• Analyse and report on gold usage, loss, recovery and net loss; investigate variances against approved tolerance limits and recommend appropriate corrective measures.

• Recommend ERP and other system enhancements relating to factory accounting, costing, inventory control, production reporting and management information systems.

• Strengthen internal controls across factory accounting and costing to safeguard company assets and maintain financial integrity.

• Coordinate and support internal and external audits relating to factory accounting, costing and related controls.

• Provide financial analysis and strategic recommendations to the CEO and CFO on cost savings, profitability improvement, operational efficiency and manufacturing performance.

• Drive continuous improvement by identifying opportunities to optimise systems, reporting, costing methodologies and factory processes while ensuring compliance with company policies and applicable best practices.

• Professional…