Cost And Management Accountant

National Bioproducts Institute; Durban; On-site; ZAR 400 000 - 550 000; Full time

Job summary

A prominent bioproducts organization in Durban is seeking a skilled Cost and Management Accountant. Responsible for product costing management, financial reporting, and analysis of production variances. Ideal candidates will possess a B Tech in Cost and Management along with 3-5 years of experience in cost accounting, preferably in a manufacturing environment. Familiarity with SAP and strong communication skills are essential for success in this role.

Qualifications

• A minimum of 3-5 years' cost accounting experience.
• Experience in a manufacturing environment.

Responsibilities

• Manage and update standard cost of all products.
• Liaise with Planning & Logistics for updated product costs.
• Review changes to Bills of Materials monthly.
• Analyse production variances and determine corrective action plans.
• Review monthly factory overhead spend versus budget.

Skills

Knowledge of ERP systems

SAP

Communication skills

Analytical skills

Education

B Tech Cost and Management

Accounting / CIMA / B Comm Honours Accounting

Tools

SAP

Job description

Job title

Cost and Management Accountant

Job Location

KwaZulu-Natal, DurbanDeadline : December 17,

Deadline

17th December

Minimum Requirements

• B Tech Cost and Management
• Accounting / CIMA / B Comm Honours Accounting
• Knowledge of ERP systems - SAP advantageous
• A minimum of 3-5 years' cost accounting
• Experience in a manufacturing environment

Duties & Responsibilities

• Product Costing
  • Manage and update standard cost of all products
  • Liaise with Planning & Logistics to ensure product costs are updated for changes to Bill of Materials
  • Review changes to Bills of Materials on a monthly basis for validity
  • Establish yearly standard and review labour and overhead rate variances for the plant
  • Assist with annual budget preparation (product costs, overhead rates)
• Cost Accounting
  • Monthly Work in Progress valuation
  • Analyse production variances, obtain explanations and determine corrective action plans
  • Monitor and report on progress against agreed action plans
  • Monthly review of process orders and relevant status
  • Review monthly factory overhead spend versus budget, highlight variances and discuss with relevant cost centre manager
  • Incorporate changes in overhead rates / allocations into product cost model
  • Participate in half yearly and annual stock counts
• Management Accounting
  • Analyse price variances on a monthly basis and report to management
  • Review inventory holding on a monthly basis, highlight slow moving and embargoed inventory items and ensure required provisions are raised
  • Inventory reporting and explanation of movements
  • Monthly reporting on stock write offs
  • Preparation of Journal entries
  • Prepare general ledger reconciliations for accounts under your control
  • Ensure monthly statistical data is compiled and reported to Statistics SA in stipulated timeframe
  • Identify areas for improvement and recommendations on how to improve overall cost effectiveness within the business
• General
  • Attend to ad hoc tasks as assigned by the Financial Manager
  • Develop financial reporting tools to assist with management accounts
  • Assist in finance related projects

Core Competencies

• Leading and Influencing Others
• Managing Relationships
• Personal Leadership
• Business Impact
• Strong communication and interpersonal skills
• Ability to work under pressure
• Planning and organizing
• Strong attention to detail and accuracy
• Able to proactively identify and resolve problems
• Analytical and problem solving skills
• Responsible and accountable
• Ability to work in collaborative team environment
• SAP Preferred