Cost Accountant

Ntice Search Solutions; Durban; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading mining company is seeking an experienced Cost Accountant to manage accurate costing transactions, inventory valuation, and cost models at their Rustenburg mine operation. The ideal candidate will have a degree in B.Com Accounting and at least 5 years of cost accounting experience in mining. This is a crucial role requiring strong analytical and problem-solving skills.

Qualifications

• Minimum of 5 years’ general cost and production experience in the mining industry.
• Experience in Cost Accounting processes and financial systems.

Responsibilities

• Ensure accurate and timely cost allocations.
• Execute monthly cost forecasting and annual cost budgets.
• Provide accounting expertise to ensure operational effectiveness.

Skills

Good verbal communication skills

Problem-solving skills

Computer Literacy

Analytical skills

Knowledge in cash flow management

Understand budget control principles

Education

Degree in B.Com Accounting

Postgraduate qualification in Cost Accounting

Tools

Microsoft Office Suite

Job description

Our mining client, is looking for an experienced Cost Accountant for their mine in the Rustenburg area.

Role Description

To ensure that costing transactions, inventory valuation, cost model and reconciliations are accurate and timely and all set targets for the Costing sub function are achieved.

Education and Experience Requirements

• Degree in B. Com Accounting or equivalent qualification with Cost Accounting as major and related to the position.
• Postgraduate qualification in Cost Accounting will be advantageous.
• Minimum of 5 years’ general cost and production experience in the mining industry.

Job Requirements

• Ensure accurate and timely cost allocations; maintain local costing master data to facilitate a comparable view of costing data across the Mine Operation.
• Execute Cost Accounting processes timely and effectively, ensuring operational discipline and strict adherence to internal accounting guidelines and controls.
• Execute month end costing activities including Inventory Valuation and maintain the assessment cycles for cost allocation. Maintain accurate costing model for the operation.
• Provide accounting expertise and skills to the operation; advising on accounting solutions to enhance or ensure the effectiveness of the operation.
• Ensure compliance to the Mine financial processes for Cost Accounting and capture related transactional data into the financial system.
• Review and request updates to Master Data as required.
• Analyse document flow and identify potential system risks and improvements. Guide Cost Accountant Administrator in accounting and audit standards that needs to be adhered too.
• Co-ordinates monthly cost forecasting and annual cost budgets

Skills Required

• Good verbal, written and interpersonal communication skills in English
• Sound planning, leading and organisational abilities
• Computer Literacy and Microsoft Office Suite (Advanced)
• Strong analytical and problem-solving skills
• Demonstrate knowledge and skill in cash flow management principles and practices.
• Know and understand budget control principles and practices.
• Demonstrate knowledge and skill with regards to financial legislative requirements.
• Knowledge and understanding of the disciplinary procedures.

Location: City of Johannesburg Metropolitan Municipality, South Africa

Location: City of Johannesburg Metropolitan Municipality, South Africa