Management Cost Accountant

Recruiter:

Headhunters

Job Ref:

PE003306/CV

Date posted:

Monday, April 7, 2025

Location:

Portelizabeth, South Africa

Salary:

Monthly

SUMMARY:
Our client in the Manufacturing Industry, based in Port Elizabeth, is currently looking to employ an experienced Management Cost Accountant.

POSITION INFO:
Requirements:

CIMA qualified - essential.
Relevant qualification - essential.
4 - 5 years' experience in a similar Cost Accountant / Financial Manager role.
Experience in Excel and Pastel - essential.
Manufacturing background preferred.

Responsibilities, but not limited to:

1. Cost Accounting & Analysis:

Tracking direct and indirect costs (materials, labour, overhead).
Calculating cost of goods manufactured (COGM) and cost of goods sold (COGS).
Implementing standard costing and analysing variances (material, labour, overhead).
Conducting profitability analysis by product, department, or customer.

2. Budgeting & Forecasting:

Preparing annual budgets and financial projections.
Monitoring actual vs. budgeted performance and explaining variances.
Assisting in capital expenditure planning for new machinery or expansions.

3. Inventory & Supply Chain Management:

Valuing raw materials, work-in-progress (WIP), and finished goods inventory.
Implementing inventory control methods like FIFO, LIFO, or weighted average.
Collaborating with procurement to optimize material usage and supplier contracts.

4. Financial Reporting & Compliance:

Generating management reports (profitability, cost trends, efficiency metrics).
Ensuring compliance with financial reporting standards and tax regulations.
Supporting audits by providing accurate costing and financial data.

5. Operational Performance Monitoring:

Developing KPIs for production efficiency, scrap rates, and machine utilization.
Analysing the financial impact of downtime, waste, and production bottlenecks.
Supporting lean manufacturing and continuous improvement initiatives.

6. ERP & Systems Integration:

Assisting in ERP system implementation and ensuring accurate cost tracking.
Developing real-time dashboards for financial and operational insights.
Automating reports to improve decision-making efficiency.

7. Decision Support & Strategic Planning:

Performing break-even analysis and pricing strategy evaluations.
Supporting make-or-buy decisions for outsourcing vs. in-house production.
Advising on financial feasibility of new product lines or expansions.

Please be advised that should you not receive a response within two weeks of applying, please consider your application unsuccessful.

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