Cost Accountant

Snatch | Accounting & Finance Headhunters; Boksburg; On-site; ZAR 720,000 - 840,000; Full time

Job summary

Snatch | Accounting & Finance Headhunters in Boksburg is seeking a Cost Accountant to own product costing, BOM integrity, and stock valuation, with a focus on cost control and manufacturing performance.

You will analyse variances, support budgets, and drive improvements across costing, standard costings and ERP controls, partnering with Production, Procurement and Finance to improve profitability.

Qualifications

• 3+ years of experience in a Cost Accountant/Management Accountant role in manufacturing.
• In-depth understanding of BOMs, WIP, standard costing, and product costing.
• Strong costing and analytical skills with attention to detail.

Responsibilities

• Maintain standard material, bought-out component, labour and overhead costs; align ERP data with 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; identify significant exceptions.
• Ensure complete, accurate inventory valuation through 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 audits.
• Improve costing, reporting and ERP controls to strengthen finance efficiency.

Skills

Cost accounting

Manufacturing costing

WIP management

BOM understanding

Education

Degree in Accounting/Finance

CGMA/SAIPA or CIMA in progress

Job description

Boksburg (onsite)

R720,000 - R840,000 CTC per annum

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

Salary:

• R720,000 - R840,000 CTC per annum