Cost Accountant

multiSEARCH Recruitment; Durban; On-site; ZAR 500,000 - 700,000; Full time

Job summary

A manufacturing company in Durban is seeking a Finance Manager to lead a small finance team and ensure accurate financial reporting. The ideal candidate should have a B. Com degree and over 5 years of experience in a manufacturing environment. Responsibilities include preparing financial statements, managing budgeting processes, and working closely with senior management to improve profitability.

Qualifications

• Knowledge of IFRS is required.
• Experience managing a finance team for at least 2 years.
• 5+ years' experience in a manufacturing environment.

Responsibilities

• Lead a small finance team.
• Prepare monthly management reports.
• Maintain accurate financial records.

Skills

Leadership

Financial analysis

Costing

Presentation skills

Education

B. Com Degree or equivalent qualification

Grade 12 or equivalent

Job description

Overview

This is a financial and cost accounting responsibility at a factory level with executive reporting expertise.

Responsibilities

• Lead a small finance team (approximately 2–3 people).
• Maintain accurate financial records and prepare accurate financial reports for information sharing, auditing, operational use and for auditors.
• Prepare monthly management reports with statistics for executive presentation.
• Participate in, prepare and input for forecast and budget preparations.
• Prepare financial statements and model scenarios for new products.
• Costing in a manufacturing environment, including preparing costing models.
• Assist with establishment and maintenance of BOMs and production processes.
• Determine the unit price of a product using either job costing or process costing in the job and remanufacturing environment, respectively.
• Prepare and reconcile cashbook and petty cash monthly.
• Maintain an asset register.
• Monitor all WIP jobs.
• Reconcile accounts, records and reports and perform journal entries.
• Prepare financial and/or auditor statements, schedules and reports.
• Interpret and apply acts, codes and regulations (e.g., COID, Tax, VAT & MIBCO).
• Review and verify data accuracy with variance analysis reporting.
• Maintain accounting records for production, special accounts and special projects.
• Make sound, independent judgments within established policies and procedures.
• Work closely with executives, management, stores and production teams.
• Assist senior management in developing and improving profitability at factory level.
• Participate in the implementation of the Embrace system (costing & financial), ISO 9001:2015 QMS requirements and Time and Attendance system.
• Attend to audit queries and reports.
• Perform and coordinate interim and annual stock counts.
• Based on production requirements, manage moving employees to required areas or sections of the business.
• Perform other admin-related tasks as per operational requirements.

Qualifications

• Grade 12 or equivalent academic qualification, Diploma, B. Com Degree, or an equivalent qualification. Pre-requisite is articles served.
• Knowledge of IFRS.
• The candidate should have experience of managing people (2–3 years).
• Good understanding of finance, costing, production and project management skills.
• Previous working experience around 5 years in a manufacturing environment, preferably in the remanufacturing of automotive components (e.g., engines, gearboxes, axles, starters, alternators, brake components, fuel pumps, injectors, retreading of tyres and upholstery work).
• The candidate must be able to compile financials, budgets, bills of materials (BOM) for automotive products in conjunction with production and stores.
• The candidate must possess solid presentation skills, as the role involves presenting budgets and financial reports to executives and directors.