Cost and Management Accountant

1 month ago

Durban, South Africa Platinum Placements Full time
  • Grade 12
  • BCom / Degree in Financial Accounting or related qualification
  • Minimum 4 to 5 years experience in management accounting role. Automotive Industry and Manufacturing Environment experience.

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 of the business.
  • Maintain and update accounting system (ERP: BPCS)
  • Ensure compliance with internal control

Cost Accounting:

  • Prepare and review details product costing analysis for all new parts
  • Analysis all current parts and make recommendations for the financial recovery on distressed parts.
  • Calculate and propose potential price increases
  • Review GP percentage of individual BOMs and identify distress parts
  • Participate in continuous improvement initiatives.

Costing:

  • Provide indicative "what-if" costings and impact on profitability for: New Product Generation and Specification to existing products.
  • Worked closely with technical team to ensure integrity of the control sheet.
  • Worked 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.

Costing Analysis:

  • 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 assisted 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.

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.
  • Worked 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.

Effective teamwork, self-management, and management of staff:

  • 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.
  • Managed colleagues and clients expectations and communicated 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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