Cost and Management Accountant

4 days ago

Durban, KwaZulu-Natal, South Africa Tower Group Full time

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 on distressed 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 making
  • 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 with project and customer team 
  • Take ownership and accountability for tasks and activities. Demonstrate effective self management in terms of planning and prioritising, and self-development
  • 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 performance 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

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