Factory Cost Accountant

Ntice Sourcing Solutions; Johannesburg; On-site; ZAR 30 000 - 60 000; Full time

Job summary

An established industry player in food manufacturing seeks a Factory & Cost Accountant to ensure compliance with financial procedures and drive cost-saving initiatives. This role involves managing Bills of Material, preparing cost estimates, and analyzing factory profitability. You will collaborate with factory teams, present reports on stock, and support financial software initiatives. With a focus on accuracy and detail, you'll play a crucial role in financial reporting and inventory management. If you're ready to make a significant impact in a dynamic environment, this opportunity is for you.

Qualifications

• Minimum 3 years experience in a similar role within the FMCG/Manufacturing sector.
• Strong financial analysis skills and understanding of production processes.

Responsibilities

• Manage Bills of Material (BOM) and prepare cost estimates for CFO.
• Collaborate with factory teams and lead correct process flows.
• Prepare production, sales, and inventory turnover reports.

Skills

Mathematics

Statistics

Cost Accounting Principles

Financial Analysis

Variance Analysis

Effective Communication

Education

Matric

Diploma in Cost and Management Accounting

CIMA Managerial Level

Tools

SAP

DataStage

Job description

Job Description

Our client, a market leader in the food manufacturing sector, is looking to hire a Factory & Cost Accountant based in Midrand.

The successful candidate will be responsible for ensuring compliance with all financial procedures in the factory, managing and controlling new systems, implementing different cost-saving initiatives, and analyzing factory profitability and variances.

Duties and Responsibilities:

1. Cost Accounting

• Manage Bills of Material (BOM) creation and updates from formulations
• Prepare and maintain cost estimates with monthly reporting to CFO
• Analyze product costs from supplier receipts (marginal ABC)
• Determine factors and generate production reports
• Upload standard costs and release estimates in SAP

Internal Controls and Analysis

• Understand production processes (TECO ERTR REL CLSD)
• Balance production GRV and consumption monthly with accruals
• Analyze production order variances report monthly to CFO
• Utilize COOIS for insights and conduct standard cost analysis
• Review WIP accounts daily

Factory Collaboration

• Collaborate with factory teams (warehouse production planning)
• Lead and support correct process flows
• Present monthly reports on slow-moving and obsolete stocks
• Report weekly on factory non-conformances and financial adjustments

Projects and Ad hoc Tasks

• Assess capital projects for ROI
• Manage financial software initiatives
• Perform ad hoc duties as required

Financial Accounting

• Approve GL accounts and cost centers on purchase requisitions
• Assist in creditor reconciliation approvals
• Create assets in SAP and process monthly journals
• Support audit queries related to inventory and cost of sales

Reports

• Prepare production, sales, PPV, inventory turnover, and manufacturing cost reports
• Conduct monthly spend analysis

Inventory

• Approve daily cycle count adjustments
• Investigate high variances with warehouse team
• Coordinate and complete annual stock takes

Minimum Requirements:

Education and Experience:

• Matric
• Diploma in Cost and Management Accounting
• CIMA Managerial level preferred
• Minimum 3 years experience in a similar role within the FMCG/Manufacturing sector

Knowledge and Skills:

• Advanced knowledge of mathematics and statistics
• Understanding of cost accounting principles, standards, and methodologies
• Strong financial analysis skills
• Ability to prepare financial reports and provide recommendations
• Understanding of production processes
• Variance analysis of production orders
• Ability to perform risk and security assessments
• Excellent attention to detail
• Effective communication skills

Salary: Market related

Key Skills:

DataStage, Aircraft Operations, API, ABAP, Light Vehicle Driving, Corporate Recruitment

Employment Type: Full-Time

Experience: Years

Vacancy: 1