Cost Accountant

2 weeks ago

Durban, KwaZulu-Natal, South Africa SHARON NUROCK RECRUITMENT CC Full time
{"Job Title": "Cost & Management Accountant", "Job Description": "Key Responsibilities

As a Cost & Management Accountant, you will be responsible for providing financial analysis and support to the Finance & Commercial Manager. Your key responsibilities will include:

  • Preparing and reviewing product costing analysis
  • Analyzing current products and making recommendations for financial recovery
  • Calculating and proposing potential price increases
  • Reviewing GP percentage of individual BOMs and identifying distress products
  • Participating in continuous improvement initiatives
Key Performance Areas

Key Performance Areas include:

  • Cost Accounting: Prepare and review details product costing analysis, analyze all current products and make recommendations for financial recovery, calculate and propose potential price increases, review GP percentage of individual BOMs and identify distress products, participate in continuous improvement initiatives
  • Costing: Provide indicative 'what-if' costings and impact on profitability, work closely with technical team to ensure integrity of the control sheet, 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 Management
  • Costing Analysis: Provide meaningful profitability information and recommend ways to optimize 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, attend customer and commercial meetings to provide insight to ongoing projects and commercial items
  • 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, ensure compliance with internal control
  • Reporting: Create a platform within quarterly profitability review to evaluate the success of project post launch review, providing insight and learnings, develop suitable standard of commercial reports that will provide insight, stimulate further discussion, and assist in decision-making, 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
Competencies

Competencies include:

  • Taking ownership and accountability for tasks and activities
  • Demonstrating effective self-management in terms of planning and prioritising, and self-development
  • Following through to ensure that quality and productivity standards of work are consistently and accurately maintained
  • Informing relevant parties in the event of tasks or deadlines not met, the potential risks thereof and provided appropriate resolution
  • Demonstrating willingness to help others and 'go the extra mile' to meet team targets and objectives
  • Participating and driving regular performance appraisals and ensure that own targets and goals are clear and achievable
  • Maintaining 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
", "lang_code": "en-US"}

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