Cost / Management Accountant

SUMMARY:
Cost / Management Accountant

POSITION INFO:
Qualification

• National Diploma in Accounting
• BCom Accounting Degree

• Minimum 5 years’ experience in a finance and operational environment within a technical manufacturing industry
• Minimum 3 years’ experience as either a Cost Accountant or Management Accountant
• Proficient in JDE / SAP and MS Office
• Must have knowledge of manufacturing accounting, budgeting, standard costing, exposure to bill of materials and product costing, reporting, Capex and Opex

• Ensuring that commercial as well as financial management and corporate governance principles are complied within the business line, including Internal Sales, Dispatch/Logistics, Materials Management, Planning, Cost Accounting, Inventory Management and interaction with Group Services function (Supply Chain, Finance, IT, HR, Facilities, SHEQ and Logistics)
• Ensure sales quotes are approved verifying profit margin and terms, credit notes approval/hold release
• Review agreements as and when required and review standard commercial terms of all trade contracts with relevant Divisional Managers
• Identify risk areas that the business line may be exposed to in terms of contracts entered into and to mitigate such risks
• Ensure proper functioning of the Materials Management function (Planning and Inventory) and asset management
  Management Accounts and financial analysis, responsible for ensuring that the financial statements are accurate in collaboration with the Finance Department, responsible for performing statistical analysis underlying data and reporting thereof
• Preparation of annual budgets (Income statement, Balance Sheet & Cash flow including Sales, Capex, Raw Material, Staff costs, Opex)
• Investigate low or negative GP sales orders, labour and overhead recoveries review
• Monthly Income Statement review including allocations and expenses incurred vs. budget, Monthly Balance Sheet review, actual Capex spend vs. Budget review as well as Asset register verification and maintenance (existence, completeness, impairments)
• Coordinate and ensure standard cost updates are done in accordance to group policy and assess reasonability of costs vs. budget and prior years
• Purchase order approvals, petty cash and cheque approvals, travel & credit card recons, calculation of quarterly forecasts and preparation and review of monthly management reports
• Assist in management of working capital and perform business analysis and reporting (sales, capex, key indicators, age analysis) and assist auditors with year-end audit supplying information and documentary proof where required
• Ensure proper functioning of Internal Sales function, cost accounting function, including Product Data Management and assist Procurement with tenders, purchasing adjudication, raw material buying and service level agreements
• Recommend ways of reducing scrap rates, assist in reducing lead-times/costs and ensure annual and monthly stock takes take place and are accurate
• Assist with Stock Integrities and Manufacturing accounting when necessary