Cost and Management Accountant

Tower Group South Africa (PTY) Ltd; Durban; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A leading automotive manufacturer in Durban is seeking a Cost and Management Accountant to join their team. The ideal candidate will have a Bachelor of Commerce or Diploma in Financial Accounting and a minimum of 2 to 3 years’ experience in management accounting, preferably within the automotive industry. Responsibilities include providing financial analysis, maintaining the accounting system, and ensuring compliance with internal controls. This is a key role in optimizing profitability and supporting strategic decisions.

Qualifications

• Grade 12 qualification required.
• Minimum 2 to 3 years experience in management accounting.
• Experience in the automotive industry and manufacturing environment.

Responsibilities

• Participate in organizational strategy management from a financial perspective.
• Provide financial analysis and support to management.
• Prepare and review product costing analysis.
• Support business development with costing and profitability insights.

Skills

Financial analysis

Costing and management accounting

Communication skills

Problem-solving

Education

Bachelor of Commerce / Diploma in Financial Accounting

Tools

ERP: BPCS

Job description

Our client in the automotive manufacturing industry is seeking a Cost and Management Accountant to join their team based in Mobeni

MINIMUM REQUIREMENTS

• Grade 12
• Bachelor of Commerce / Diploma in Financial Accounting
• Minimum 2 to 3 years’ experience in management accounting role
• Automotive Industry and Manufacturing Environment experience

MAIN JOB FUNCTIONS

• Participate in organizational strategy management from a financial management perspective
• Provide Financial analysis and support to management and all operational areas of the business.
• Maintain and update accounting system (ERP: BPCS)
• Ensure compliance with internal control
• Prepare and review details product costing analysis for all new parts
• Analyze all current parts and make recommendations for the financial recovery compartilhled parts.
• Calculate and propose potential price increases
• Review GP percentage of individual BOM’s and identify distress parts
• Participate in continuous improvement initiatives
• Provide indicative “what-if” costings and impact on profitability for: New Product Generation and Specification to existing products.
• Work closely with technical team to ensure integrity of the control sheet
• Work closely with factory accountants to facilitate an understanding of and ensure that most current costs (both production and distribution) are used when calculating the profitability
• Effectively communicate and present findings as well as recommendations to the commercial manager, business development manager, technical team and the rest of the cross functional team.
• Provide meaningful profitability information and recommend ways to optimise OEM profitability and project profitability for new business.
• Recover margin in underperforming categories by highlighting commercial impact (margin enhancement vs volume opportunity) and assist in strategic decision Romaic
• Support the business development managers in the use of system tools regarding costing and profitability.
• Support Commercial manager in considering product rationalisation, mix comparisons and other business improvement opportunities.
• Challenge product enhancement opportunities
• Attend customer and commercial meetings to provide insight to ongoing projects and commercial items.
• Create a platform within quarterly profitability review to evaluate the success of project post launch review, providing insight and learnings which can be taken into future launches
• Develop suitable standard of commercial reports that will provide insight, stimulate further discussion, and assist in decision making across RFQ patch
• Work closely with IT to automate reporting where possible
• Weekly tracking of costings done to create visibility of projects manage workload имущества???> ...
• Take ownership and accountability for tasks and activities. Demonstrate effective self management in terms of planning and prioritising, and self-development
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• Follow through to ensure that quality and productivity standards of work are consistently and accurately maintained.
• Inform relevant parties in the event of tasks or deadlines not met, the potential risks thereof and provided appropriate resolution
• Support and drive the business core values
• Manage colleagues and client’s expectations and communicate appropriately
• Demonstrate willingness to help others and “go the extra mile” to meet team targets and objectives.
• Participate and drive regular Essays appraisals and ensure that own targets and goals are clear and achievable.
• Maintain a basic appreciation and awareness of employee relations climate and ensure corrective action is taken where required in line with relevant legislation and company policy