Cost And Management Accountant

Multisearch Cc; South Africa; On-site; ZAR 420,000 - 700,000; Full time

Job summary

Multisearch Cc in Prospecton, KwaZulu Natal, seeks a permanent Cost and Management Accountant. You will focus on cost accounting, stock analysis, and financial reporting, supporting monthly close and decision-making with insights.

Key duties include manufacturing costing, BOM costings, inventory reconciliation, budgeting, and internal control maintenance. Strong ERP and Excel skills are essential for this hands-on role.

Qualifications

• 3-5 years' experience in cost and management accounting.
• Strong knowledge of manufacturing costing and inventory accounting.
• Experience with financial variance analysis and ERP systems.

Responsibilities

• Analyse and monitor manufacturing costs including materials, labour and overheads.
• Prepare and review product costing and BOM costings.
• Review overhead absorption rates for accurate cost allocation.
• Identify cost-saving initiatives and drive efficiency with operations.
• Ensure costing data integrity within the ERP system.
• Conduct stock analyses and monitor inventory movements and valuation.
• Prepare monthly management accounts and performance reports.
• Assist budgeting, forecasts and monitor expenditure against budgets.
• Maintain internal controls over costing and reporting processes.

Skills

Cost accounting

Manufacturing costing

Inventory analysis

Management reporting

Budgeting & forecasting

ERP systems

Advanced Excel

Financial variance analysis

Business partnering

Education

BCom in Management Accounting

Tools

ERP systems

Microsoft Excel

Job description

Cost and Management Accountant

KwaZulu Natal | Permanent

Dynamic role with a focus on cost accounting, stock analysis and financial reporting.

Cost and Management Accountant

Reporting to: Management

Location: Prospecton, KwaZulu Natal

Job Type: Permanent

Key Responsibilities:

1. Cost Accounting and Manufacturing Cost Control
   • Analyse and monitor manufacturing costs, including direct materials, direct labour and production overheads.
   • Prepare, maintain and review product costing, standard costing and bill of materials (BOM) costings.
   • Review overhead absorption rates and ensure accurate allocation of manufacturing costs.
   • Identify cost-saving initiatives and work with operational teams to improve manufacturing efficiency.
   • Ensure accuracy and integrity of costing information within the ERP system.
2. Stock Analysis and Inventory Management
   • Conduct detailed stock analysis to monitor inventory levels, movements and valuation.
   • Analysing stock turnover ratios and days inventory on hand.
   • Reconcile inventory records to the general ledger and investigate discrepancies.
   • Highlight significant movements in monthly stock analysis reports for management.
3. Management Reporting and Financial Analysis
   • Prepare monthly management accounts and financial performance reports.
   • Investigate actual results against budget, forecast and prior periods.
   • Provide financial insights and recommendations to support decision-making.
4. Budgeting and Forecasting
   • Assist with the preparation of annual budgets and periodic forecasts.
   • Monitor actual expenditure against approved budgets and analyse cost trends.
   • Identify improvement opportunities in cost management.
5. Internal Controls, Reconciliations and Audit Support
   • Maintain effective controls over costing and financial reporting processes.
   • Prepare reconciliations related to inventory, cost of sales and manufacturing accounts.
   • Identify weaknesses in existing processes and recommend improvements.
6. Business Partnering and Operational Support
   • Work closely with various teams to improve cost and operational performance.
   • Provide financial guidance to non-financial managers and support continuous improvement initiatives.

Minimum Requirements:

• BCom degree in Management Accounting, Cost Accounting or related field.
• 3-5 years' experience in cost and management accounting.
• Strong knowledge of manufacturing costing, inventory accounting and financial variance analysis.
• Advanced Excel skills and experience working with ERP systems.

Key Competencies:

• Strong analytical skills and commercial acumen.
• Proactive approach to identifying cost-saving opportunities.
• Ability to communicate financial findings clearly to different teams.
• High levels of accuracy, integrity and accountability.

Key Performance Indicators:

• Accuracy and timeliness of monthly management accounts and cost reports.
• Identification and reduction of unexplained stock variances.
• Compliance with financial controls and inventory procedures.