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Cost and Management Accountant

Our client in the Pinetown area is recruiting for a Cost and Management Accountant, who focuses on accurate product costing and management accounting

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 and reporting

  • 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
  • B. Tech Cost and Management Accounting / CIMA / relevant B.Com Honours degree
  • Knowledge of ERP systems
  • 3 years’ cost accounting experience in a manufacturing environment
  • SAP knowledge preferred

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