Management Cost Accountant

Description

Our client in the Manufacturing Industry, based in Port Elizabeth, is currently looking to employ an experienced Management Cost Accountant.

Requirements:

• CIMA qualified - essential.
• Relevant qualification - essential.
• 4 - 5 years' experience in a similar Cost Accountant / Financial Manager role.
• Experience in Excel and Pastel - essential.
• Manufacturing background preferred.

Responsibilities, but not limited to:

1. Cost Accounting & Analysis:

• Tracking direct and indirect costs (materials, labour, overhead).
• Calculating cost of goods manufactured (COGM) and cost of goods sold (COGS).
• Implementing standard costing and analysing variances (material, labour, overhead).
• Conducting profitability analysis by product, department, or customer.

2. Budgeting & Forecasting:

• Preparing annual budgets and financial projections.
• Monitoring actual vs. budgeted performance and explaining variances.
• Assisting in capital expenditure planning for new machinery or expansions.

3. Inventory & Supply Chain Management:

• Valuing raw materials, work-in-progress (WIP), and finished goods inventory.
• Implementing inventory control methods like FIFO, LIFO, or weighted average.
• Collaborating with procurement to optimize material usage and supplier contracts.

4. Financial Reporting & Compliance:

• Generating management reports (profitability, cost trends, efficiency metrics).
• Ensuring compliance with financial reporting standards and tax regulations.
• Supporting audits by providing accurate costing and financial data.

5. Operational Performance Monitoring:

• Developing KPIs for production efficiency, scrap rates, and machine utilization.
• Analysing the financial impact of downtime, waste, and production bottlenecks.
• Supporting lean manufacturing and continuous improvement initiatives.

6. ERP & Systems Integration:

• Assisting in ERP system implementation and ensuring accurate cost tracking.
• Developing real-time dashboards for financial and operational insights.
• Automating reports to improve decision-making efficiency.

7. Decision Support & Strategic Planning:

• Performing break-even analysis and pricing strategy evaluations.
• Supporting make-or-buy decisions for outsourcing vs. in-house production.
• Advising on financial feasibility of new product lines or expansions.