Cost Management Accounting Expert for Retail Operations
5 days ago
Estimated Salary: R250,000 - R350,000 per annum
About the RoleWe are seeking a highly motivated and detail-oriented Cost Management Accounting Graduate Intern to join our finance team at Mancosa. In this internship, you will assist with cost analysis, inventory valuation, and financial reporting for our company operations. This role offers hands-on experience in cost accounting within a dynamic retail environment, providing an excellent opportunity to develop skills in budgeting, forecasting, and cost optimization.
Main Responsibilities:- Cost Analysis and Optimization: Gather and analyze data on the costs associated with retail operations, including store expenses, supply chain logistics, and inventory management. Identify areas of inefficiency and recommend cost-saving measures to improve profitability.
- Product Costing and Standards: Set and review standard costs for retail products, considering factors like procurement, distribution, and retail pricing strategies. Develop cost benchmarks for various retail operations and analyze variances to identify opportunities for improvement.
- Cost-Volume-Profit (CVP) Analysis: Perform cost-volume-profit analysis to understand the relationship between sales, costs, and profits, with insights for optimizing pricing strategies and sales targets.
- Account Reconciliations and Audit Reports: Reconcile operational accounts, ensuring that all expenses, revenues, and inventory costs align accurately with financial records. Prepare audit reports on retail operations, presenting findings to management and offering actionable recommendations for improving cost efficiency and profitability.
- A degree/advanced Diploma in Accounting, Finance, or a related field (recently graduated)
- Strong analytical skills and attention to detail
- Proficiency in Microsoft Excel; experience with accounting software is a plus
- A keen interest in retail operations and cost management
Mancosa is a leading institution in South Africa, committed to delivering high-quality education and training. We offer a dynamic and supportive work environment, with opportunities for growth and development. If you are a motivated and detail-oriented individual with a passion for cost management, we encourage you to apply for this exciting opportunity.
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