Cost Accountant

Ntice Sourcing Solutions; South Africa; On-site; ZAR 450 000 - 600 000; Full time

Job summary

A leading manufacturing firm in Pinetown is seeking an experienced Cost Accountant to enhance cost accounting systems and support financial decision-making. The ideal candidate should have at least 7 years of relevant experience and a degree in Finance or Cost Accounting. Strong skills in financial analysis and familiarity with systems such as Syspro are essential. This role involves managing budgets, performing inventory valuations, and supporting audit queries.

Qualifications

• Minimum 7 years' experience in a similar position within the manufacturing sector.
• Strong financial analysis skills required.

Responsibilities

• Enhance and maintain cost accounting structures.
• Update and manage standard costing systems.
• Support annual budgets and forecasts.
• Perform inventory valuation and adjustments.
• Assist with audit queries related to inventory.

Skills

MS Suite

Syspro

Strong financial analysis skills

Production process understanding

Education

Degree in Finance / Cost Accounting

CIMA preferred

Job description

Job Description

Our client who is in the manufacturing space is looking for a Cost Accountant, based in Pinetown, KZN.

The purpose of this role is to implement and manage cost‑saving systems that support the company's cost optimisation efforts and enhance financial decision‑making.

Duties and Responsibilities

Cost Accounting System Improvement

• Enhance and maintain cost accounting structures, including BOM accuracy, labour rates, run times, overhead allocations, and scrap percentages.

Cost Accounting & Analysis

• Update and manage standard costing systems.
• Perform product costings, variance and margin analysis, and report under‑recoveries.
• Monitor machine rates, PPV, WIP, tooling and maintenance variances, and BOM accuracy.
• Reconcile actual vs standard material costs and identify cost‑saving opportunities with Operations.

Budgeting, Forecasting & Management Reporting

• Support annual budgets, forecasts, and departmental reporting.
• Track and report budget performance, cost variances, and customer recovery margins.
• Manage tooling project budgets and load requisition budgets in Syspro.

Inventory Valuation & Control

• Perform inventory valuation (IAS2), cycle count adjustments, BOM cost implosions, and investigate variances.
• Create stock codes, support stock audits, and assist with physical inventory checks.

Financial Accounting Support

• Assist with audit queries related to inventory and cost of sales.
• Support the Financial Manager with ad hoc projects.

Minimum Requirements

Education and Experience

• Degree in Finance / Cost Accounting. CIMA preferred.
• Minimum 7 years' experience in a similar position within the manufacturing sector.

Knowledge and Skills

• MS Suite, Syspro.
• Strong financial analysis skills.
• Production process understanding.