Cost Accountant

This manufacturing concern is looking for a standard costing guru who will accurately process financial information, ascertain and analyze costs and support stakeholders with the interpretation of financial information to enable business decision making.

• Develop, maintain, and review standard costing models for raw materials, labour, and manufacturing overheads.
• Calculate and update standard costs for finished goods and components, ensuring alignment with production processes and pricing strategies.
• Analyse cost variances (material, labour, overhead, usage, and yield) and investigate root causes.
• Prepare detailed variance reports and provide recommendations to management for cost control and operational improvement.
• Monitor and reconcile Work in Progress (WIP) balances, ensuring accurate valuation and timely reporting.
• Track production orders through the manufacturing cycle, identifying bottlenecks, delays, and abnormal losses affecting WIP.
• Review, maintain, and validate Bills of Materials (BOMs) to ensure accuracy of material usage, quantities, and routing information.
• Collaborate with production, engineering, and procurement teams to update BOMs for new products, process changes, and cost reduction initiatives.
• Perform inventory valuation and stock reconciliations, ensuring compliance with accounting standards and company policies.
• Support month-end close by preparing cost journals, reconciliations, accruals, and manufacturing cost reports.
• Prepare management reports on production costs, inventory movements, WIP, BOM variances, and profitability analysis.
• Assist in budgeting and forecasting by providing cost assumptions, standard cost updates, and production cost projections.

As you will be responsible for hitting the ground running extensive experience is essential.

• Completed Degree in Accounting, Finance or related
• CIMA registration (non negotiable)

• 5+ years experience in a similar role within a Manufacturing environment
• 3+ years experience in standard costing
• Proficient Microsoft Excel skills and SAP

• Deadline driven
• Business acumen
• Client/stakeholder commitment

For more information, contact Riah Mthimunye, Sourcing Specialist.