Cost Accountant Manager

FirstRand Life Assurance Ltd; Sandton; On-site; ZAR 700,000 - 950,000; Full time

Benefits offered by this job

Networking opportunities

Challenging, agile environment

End-to-end innovation projects

Job summary

FirstRand Life Assurance Ltd in South Africa seeks a Cost Accountant Manager to drive costing, budgeting and profitability improvements. You will lead cost modelling, engage with stakeholders, and manage end-to-end costing initiatives across units.

The role requires 3–5 years of costing experience in financial services or manufacturing, with a focus on strategic insight and disciplined budgeting.

Qualifications

• Bachelor’s degree in Cost and Management Accounting or related field.
• CIMA qualification will be advantageous.
• Minimum 3–5 years costing experience from Insurance, Financial services or Manufacturing.
• Pricing experience will be advantageous.

Responsibilities

• Demonstrate leadership behavior through personal involvement and dedication to organizational values.
• Develop tactical strategy and delivery plans in partnership with leadership.
• Establish mutually beneficial relationships with stakeholders to support integrated solutions.
• Anticipate and meet client needs and promote customer service excellence.
• Draw up budgets, monitor variance and report on spend.
• Manage expenditure planning within approved budgets and report.
• Develop insights via cost modelling and data analysis to drive profitability.
• Lead end-to-end costing projects from strategy to model design and implementation.

Skills

Leadership

Strategic planning

Stakeholder management

Budgeting

Costing

Data analysis

Education

Bachelor's degree in Cost and Management Accounting

CIMA qualification

Job description

Job Description To ensure quality of the product/ service as generated by the business and productivity targets are met by leveraging resources, support functions and relationships across the business Hello, future, Cost Accountant Manager Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen. As part of our team in FR Life Assurance, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the promise of staying curious. Now’s the time to imagine your potential in a team where experts come together and ignite effective change.

Are you someone who can:

• Demonstrate leadership behavior through personal involvement, commitment and dedication in support of organizational values
• Develop tactical strategy and delivery plans in support of functional strategic objectives in partnership with leadership
• Establish mutually beneficial relationships with stakeholders, that support thought leadership, innovative and integrated practice solutions
• Anticipate and meet the needs of clients and commit to continuous development and entrenchment of a customer service culture
• Draw up a budget aligned to tactical delivery plans, monitor effectiveness and report on variances
• Manage expenditure planning and reporting within approved budget parameters
• Develop new insights into situations and apply innovative solutions to make organizational improvements
• Manage people by executing management responsibilities and create an environment that encourages employee growth and performance excellence
• Improve business profitability through efficient use of profitability model
• Conduct cost analysis, interpret and provide insights to the business to support decision making and to seek new ways to improve profitability
• Conduct review, scenario planning and overall budgetary process in terms of spend and forecast adjustments
• Review, analyze and/or build, implement and maintain cost models aligned to standard drivers and methodologies to reflect both business expectations and Steerco guidance
• Drive, influence and manage creative business solutions, optimize processes and inform strategic decisions through cost modelling and data analysis
• Manage end to end costing projects involving a segment, business unit, function or country/region from strategy articulation through to model design and implementation

You will be an ideal candidate if you have:

• A Bachelors' Degree in Cost and Management Accounting or related field.
• A CIMA qualification will be advantageous
• A minimum of 3 - 5 years costing experience from the Insurance, Financial services or Manufacturing industry
• Pricing experience will be advantageous

You will have access to:

• Opportunities to network and collaborate
• A challenging working environment that is progressive and agile
• Opportunities to innovate where initiative is taken and owned end to end

We can be a match if you have the following:

• Adaptable and curious
• Have a proven successful track record.
• Thrive in a collaborative environment.
• Detail-oriented
• Proactive and accountable
• Calm under pressure
• Collaborative mindset
• Flexible and adaptable in a dynamic work environment

We look forward to engaging with you!

All appointments will be made in line with FirstRand Group’s Employment Equity plan.

The bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

Important Closing Date Note Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below. 17/10/26

FirstRand provides a comprehensive range of financial services in South Africa and certain markets in broader Africa. The group also offers certain niche products and services in the UK and India. Listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX), FirstRand Limited is the largest financial institution by market capitalisation in Africa. The group follows a multi-branding approach. Its portfolio of financial services businesses includes FNB, RMB, WesBank, Ashburton Investments, Aldermore, MotoNovo and DirectAxis. Many are leaders in their respective segments and markets, offering transactional, lending, investment and insurance products and services. The FirstRand Corporate Centre houses many of the critical functions required by a large and complex financial services group. The group’s track record of delivering superior returns to shareholders has been achieved through a combination of organic growth, acquisitions, innovation and the creation of completely new businesses. The group’s purpose of delivering Shared Prosperity provides many opportunities for employees to innovate to address social and environmental challenges in our markets. All of our businesses have successful Volunteering programmes which also allow employees to adopt and support causes close to their hearts.

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