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Cost Accountant Specialist

2 months ago

Cape Town, Western Cape, South Africa Communicate Recruitment Full time
Job Description

We are seeking a highly skilled Cost Accountant to join our team at Communicate Recruitment. The successful candidate will be responsible for:

Key Responsibilities:
  • Monitor and Analyze Material and Price Variances: Regularly review and compare budgeted Bills of Materials (BOMs) to actual budgets to identify any discrepancies.
  • Report on Monthly Variances: Provide detailed reports on monthly variances to stakeholders, highlighting areas of concern and suggesting improvements.
  • Investigate and Develop SOPs: Conduct thorough investigations into variances and develop Standard Operating Procedures (SOPs) to prevent future losses.
  • Budget Development: Collaborate with cross-functional teams to develop accurate and comprehensive budgets for projects and initiatives.
  • Analyze Costing Models: Review and refine costing models to ensure they are accurate and aligned with business objectives.
  • Determine Project Budgets: Calculate and determine project budgets, including all costs, to ensure successful project delivery.
  • Test Actual Costs vs Budgets: Regularly compare actual costs to budgets to identify any inaccuracies and make adjustments as needed.
  • Monitor Budget Expenditure: Track and monitor budget expenditure to ensure it aligns with forecasts and business objectives.
  • Utilize Target Costing: Implement target costing to determine profit margins and make informed business decisions.
  • Set Targets for Material Cost: Establish targets for material cost reduction and implement strategies to achieve them.
  • Compile Cost Packs: Prepare and compile cost packs for relevant stakeholders, ensuring accurate and timely information.
  • Ensure Cost Tracker: Implement and maintain a cost tracker to monitor and control costs.
  • Maintain and Improve Costing Models: Regularly review and refine costing models to ensure they remain accurate and effective.
  • Assist in Maintaining Spreadsheets: Collaborate with the finance team to maintain accurate and up-to-date spreadsheets, providing insights into company performance.
  • Improve Accuracy of Costing Models: Continuously review and refine costing models to ensure they remain accurate and aligned with business objectives.
  • Design Net Costing System: Develop and implement a net costing system to calculate the cost of new and refurbished molds.
Requirements:
  • Minimum 5 Years of Experience: A minimum of 5 years of experience in a similar role, preferably in a manufacturing environment.
  • Manufacturing Environment Experience: Proven experience working in a manufacturing environment, with a strong understanding of costing principles.
  • Costing in Manufacturing Experience: Experience with costing in manufacturing, including BOMs and SYSPRO.
  • Advanced Excel: Advanced Excel skills, with the ability to analyze and interpret complex data.
  • Tertiary Qualification: A tertiary qualification in Cost and Management Accounting or a similar field.