Cost And Management Accountant

1 week ago


Newcastle, KwaZulu-Natal, South Africa Findojobs South Africa 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 detailed 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 BOMs and identify distressed 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 the technical team to ensure integrity of the control sheet.
  • Work closely with factory accountants to facilitate an understanding of and ensure that the most current costs (both production and distribution) 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.
  • Provide meaningful profitability information and recommend ways to optimize 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 the commercial manager in considering product rationalization, mix comparisons, and other business improvement opportunities.
  • Attend customer and commercial meetings to provide insight into ongoing projects and commercial items.
  • Create a platform within quarterly profitability reviews to evaluate the success of project post-launch reviews, providing insight and learnings which can be taken into future launches.
  • Develop suitable standards 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 and manage workload with project and customer teams.
  • Take ownership and accountability for tasks and activities. Demonstrate effective self-management in terms of planning and prioritizing, 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 provide appropriate resolution.
  • Support and drive the business core values.
  • Manage colleagues' and clients' 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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