Cost & Management Accountant

Found in: Whatjobs ZA C2 - 4 days ago

Durban, South Africa SHARON NUROCK RECRUITMENT CC Full time
The Person:
  • B.Com Degree in Cost & Management Accounting or equivalent.
  • Min. 2 to 3 yearsâ experience in a management accounting role.
  • Automotive Industry and Manufacturing environment experience essential.
The Job:
Report to the Finance & Commercial Manager:
Financial Strategy:
  • Participate in organisational Strategy management from a financial management perspective.
General Financial:
  • Provide financial analysis and support to management and all operational areas.
  • Maintain and update accounting system (ERP: LX).
  • Ensure compliance with internal control.
Cost Accounting:
  • Prepare and review detailed product costing analysis.
  • Analyse all current stock and make recommendations for the financial recovery on distressed stock.
  • Calculate and propose potential price increases.
  • Review GP percentage of individual BOMâs and identify distress stock.
  • Participate in continuous improvement initiatives.
Costing:
  • Provide indicative âwhat-ifâ costings and impact on profitability for: New Product Generation and Specification to existing products. 
  • Ensure most current costs are used when calculating 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.
Cost Analysis:
  • Provide meaningful profitability information and recommend ways to optimise OEM profitability and project profitability for new business. 
  • Recover margin in under-performing 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. 
  • Attend customer and commercial meetings to provide insight into ongoing projects and commercial items.
Reporting:
  • 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.
Competencies:
  • Good sense of structure, processes and controls.
  • Experience in managing/supervising staff.
  • Good grasp of Brilliant Basics.
  • 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.
  • Manage colleagues and clientâs expectations and communicate appropriately.
  • Demonstrate willingness to help others and âgo the extra mileâ to meet team targets.
  • Participate and drive regular performance appraisals and ensure that own targets and goals are clear and achievable. 

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