Cost Accountant

Snatch | Accounting & Finance Headhunters; Boksburg; On-site; ZAR 520,000 - 760,000; Full time

Job summary

Snatch | Accounting & Finance Headhunters in Gauteng seeks a Cost Accountant to own product costing, BOM integrity and stock reconciliations for its Boksburg manufacturing operations.

You will analyse variances to improve pricing, profitability and manufacturing performance, support budgeting and provide cost insights to production, procurement and finance. A Degree in Accounting/Finance and professional qualification are required, with at least three years in a manufacturing costing role.

Qualifications

• Degree in Accounting/Finance.
• CGMA/SAIPA qualified or in progress CIMA Management Level.
• Minimum 3 years’ experience in a Cost/Management accounting role within manufacturing.
• In-depth understanding of BOMs, WIP, Standard Costing and Product Costing.

Responsibilities

• Maintain standard costs for materials, labour and overhead; align ERP data with supplier prices.
• Update BOMs, routings and master data to ensure costing integrity.
• Report monthly on variances, gross margins and stock reconciliations.
• Analyse material usage, labour recovery, overhead absorption, scrap and rework.
• Ensure inventory valuation through cycle counts, obsolete stock reviews and WIP reporting.
• Support month-end close with journals, accruals and provisions.
• Validate landed costs and make-versus-buy decisions with Production, Procurement and Finance.
• Support annual budgets/forecasts with cost drivers and inventory provisions.
• Identify waste, margin leakage and pricing anomalies; recommend corrective actions.
• Prepare costing schedules, reconciliations and audit evidence.
• Improve costing, reporting and ERP controls for accuracy and usefulness.

Skills

Cost accounting

Manufacturing costing

ERP data accuracy

Education

Degree in Accounting/Finance

CGMA/SAIPA qualified or in progress CIMA Management Level

Tools

ERP systems

Job description

An opportunity to own product costing, inventory valuation, manufacturing cost analysis, and related financial controls.

An established South African manufacturer delivering cutting-edge solutions to the mining, road construction and trenching industries is looking for a Cost Accountant to join its team in Boksburg.

The Cost Accountant will be crucial in ensuring accurate costing, BOM integrity, and stock reconciliations, while analysing variances to improve pricing, profitability, and manufacturing performance.

Key Responsibilities:

• Maintain standard material, bought-out component, labour and overhead costs; align ERP data with approved local/import supplier prices and costing assumptions.
• Update BOMs, routings and master data with relevant departments to ensure ERP costing integrity.
• Report monthly on actual-versus-standard variances, gross margins and stock reconciliations.
• Analyse material usage, labour recovery, overhead absorption, scrap, rework and production variances; promptly escape significant exceptions.
• Ensure complete, accurate inventory valuation through cycle/annual counts, obsolete stock reviews and WIP reporting.
• Support inventory month-end close: manufacturing journals, accruals, provisions and reconciliations.
• Validate landed/new product costs, make-versus-buy decisions and margin assumptions with Production, Procurement, Engineering and Finance.
• Support annual budgets/forecasts with cost drivers, production assumptions, inventory provisions and standard cost reviews.
• Identify waste, inefficiencies, margin leakage and pricing anomalies; recommend corrective action.
• Prepare costing schedules, reconciliations, stock documentation and control evidence for internal/external audits.
• Improve costing, reporting and ERP controls to strengthen finance efficiency, accuracy and usefulness.

Qualification and Experience:

• Degree in Accounting/Finance
• CGMA/SAIPA qualified or in progress CIMA Management Level minimum.
• Minimum 3 years’ experience in a Cost Accountant or Management Accountant role within the manufacturing industry (non-negotiable).
• In-depth understanding of Bill of Materials (BOMs), WIP, Standard Costing, and Product Costing