Cost Accountant

Boardroom Appointments; Johannesburg; On-site; ZAR 300,000 - 600,000; Full time

Job summary

An established industry player is seeking a skilled Cost Accountant to manage and analyze cost accounting processes within a dynamic manufacturing environment. This role involves updating costing models, ensuring compliance with accounting standards, and providing insightful financial analysis to support pricing strategies. The ideal candidate will have a strong background in cost accounting, advanced Excel skills, and experience with ERP systems. Join a forward-thinking team where your expertise will contribute to efficient inventory management and financial accuracy, making a significant impact on the company's bottom line.

Qualifications

• 3+ years of cost accounting experience in a manufacturing environment.
• Knowledge of Syspro ERP and advanced Excel skills are essential.

Responsibilities

• Update standard costs and costing models, ensuring compliance with GAAP.
• Calculate and report monthly cost variances and assist with product pricing.
• Facilitate stock counts and analyze variances for inventory management.

Skills

Cost Accounting

Financial Analysis

Advanced Excel

GAAP Compliance

IFRS Knowledge

ODBC Queries

Syspro ERP

Manufacturing Environment Experience

Education

ND Cost & Management Accounting

B Com Accounting

CIMA Strategic Level or Associate Member

Tools

Syspro ERP

Translution Scanning Solution

Excel

Job description

About the job: Cost Accountant

Minimum requirements:

1. ND Cost & Management Accounting / B Com Accounting / CIMA Strategic Level or Associate member
2. 3+ years of cost accounting/finance experience, or 5+ years experience in a manufacturing environment.
3. Syspro ERP Knowledge
4. Translution Scanning solution - knowledge + experience (Added advantage)
5. ODBC Queries
6. Advanced Excel skills

Responsibilities:

1. Standard Cost Updating
2. Updating of Costing Models (Excel)
3. Stock adjustment
4. Creation of new stock codes
5. Reconciliation of inventory account
6. Product Costing
7. Maintain the line items for direct materials, labour and overhead on the bill of material or recipe for each product
8. Preparing standard cost budgets for manufacturing
9. Calculate, analyze, account for, and report monthly cost variances for direct materials, direct labor, indirect labour, and manufacturing overhead
10. Assist sales with product pricing using an already defined methodology
11. Updating and uploading of Customer and supplier contract prices
12. Calculation of Product costing
13. Monitoring of raw material prices
14. Creation, review and update of Bills of Materials
15. Calculation of the landed cost (Shipment costing)
16. Preparation of GP dashboard report
17. Monitoring GP for each product
18. Compliance with Legislation
19. Execute and maintain procedures accurately and consistently calculating production rates, downtime, and change-over times for department performance measures
20. Developing a standardized policy and procedure of the standard costing system, such as inventory management, cost allocation and new product development (NPD) calculation
21. Ensuring that cost accounting transactions align with GAAP, company policy and IFRS
22. Reporting / Analysis
23. Purchase Price Variance Analysis
24. Stock Revaluation Analysis
25. Facilitate stock counts and analyze variances
26. Monthly Stock Take & Reporting
27. Stock adjustments report
28. Material Usage Variances
29. Asset verification (Half year and year end)