Cost Management Specialist

7 days ago


Midrand, Gauteng, South Africa Unique Personnel Ltd Full time

**Job Overview:**

We are seeking a seasoned Cost Management Specialist to join our team at Unique Personnel Ltd. As a key member of our finance department, you will be responsible for overseeing the cost accounting function and ensuring accurate tracking and reporting of production costs.

Main Accountabilities:

  • Oversee the cost accounting function to ensure accurate tracking and reporting of production costs.
  • Analyze and report on cost variances, identifying the causes and suggesting corrective actions to management.
  • Monitor and review cost allocations to ensure compliance with internal control procedures.
  • Investigate low GP sales orders, labor and overhead recoveries, and update standard costing models for inventory, labor, and overhead costs.
  • Prepare and present monthly, quarterly, and annual cost reports to senior management, highlighting key trends and insights on cost behavior and profitability.
  • Collaborate with the finance team to support the preparation of budgets, forecasts, and strategic financial planning.
  • Ensure accurate accounting and reporting of inventory, including stock reconciliation and valuation.
  • Process Improvement & Efficiency:
    • Identify cost-saving opportunities and highlight cost drivers.
    • Recommend ways of reducing scrap rates and assist with monthly stock takes.
    • Work closely with operational teams to provide financial insights aimed at improving production efficiency and minimizing waste.
  • Team Leadership & Collaboration:
    • Collaborate with other departments, including operations, procurement, and sales, to improve cost visibility and reporting accuracy.
  • Compliance & Audit:
    • Assist in the preparation for internal and external audits, ensuring adherence to company policies.
    • Ensure that all cost accounting practices comply with relevant accounting standards and company procedures.

Key Skills & Qualifications:

  • A minimum of 3-4 years of experience in cost accounting or a similar financial role, with a strong focus on manufacturing or FMCG environments.
  • Experience with BOMs, variance analysis, and financial forecasting.
  • Strong attention to detail with a high level of accuracy in financial data analysis.
  • In-depth knowledge of costing systems, inventory management, and budgeting processes.
  • Previous experience working with ERP systems (e.g., Sage, SAP, Syspro, or similar).


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