Cost Accountant

Boardroom Appointments; Midrand; On-site; ZAR 420,000 - 540,000; Full time

Job summary

A leading company is seeking a Cost Accountant to manage financial responsibilities concerning raw materials, ensuring accurate accounting and reconciliations. The role demands strong analytical skills and a solid grounding in financial operations, requiring a BCom Honours and preferably CIMA qualifications. This position provides a platform for career growth in an essential financial role.

Qualifications

• 3-4 years operational finance experience.
• Costing experience with a focus on contract management.
• Experience as a Cost Accountant is preferred.

Responsibilities

• Manage financial responsibility for consignment raw materials and perform reconciliations.
• Maintain accurate accounting of stock levels and related liabilities monthly.
• Identify process improvements for raw material accounting.

Skills

Analytical Skills

Problem Solving

Financial Analysis

Education

BCom Honours or equivalent

CIMA qualification

Tools

SAP

Job description

About the job Cost Accountant

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Key Purpose:

To own the financial responsibility of managing consignment raw materials and ensuring that the associated master data is reviewed and correctly maintained by Procurement. In addition, preparing the necessary reconciliations, true ups / downs.

Duties and responsibilities:

• Ensure that Company resin stock levels and related liabilities are correctly accounted for and reconciled on a monthly basis.
• Ensure that the Company LME is correctly accounted for and reconciled on a monthly basis.
• Strong relationship with Planning Department to ensure changes affecting key raw material purchases (resin, aluminium, glass) are understood, follow a rigorous governance process and are correctly accounted for.
• Strong relationship with raw material supplier finance teams to ensure effective working relationship and contract term adherence.
• Problem solves any discrepancies on master data. Work with Technical, Regions and Procurement to resolve / update master data on raw material discrepancies noted.
• Analyse related price and resin consumption variances to ensure accurate monthly recording in SAP.
• Identify and execute process improvement initiatives for raw material accounting.
• Liaise with Planning and Procurement on financial implications and reconciliation impact with respect to the introduction of new or a changed contract terms.
• Preparation of variance analysis against budgets and PFs and provide insightful commentary.
• Perform annual price planning in SAP (subcontracting).
• Liaise with commodity managers for information sharing and identify focus areas where commodity increases are not in line with CPI or market related, change in contract terms, etc.
• Complete statutory templates covering raw materials purchasing and management.
• Attendance of quarterly stock counts and ensure compliance to hard close and year end procedures.

Qualifications and experience:

• BCom Honours or equivalent.
• 3-4 years operational finance experience.
• Previous experience in costing and contract management an advantage.
• 3-4 years' experience as a Cost Accountant busy completing their CIMA qualification.
• Costing experience
• CIMA qualified