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Manufacturing Cost Accountant

1 week ago

Centurion, Gauteng, South Africa Hire Resolve Full time
About the Role

This Cost Accountant position offers an exciting opportunity to work with a leading manufacturer in the manufacturing sector.

  • The successful candidate will play a critical role in analyzing production costs, optimizing processes, and contributing to the company's financial success.

Key Responsibilities:

  1. Analyze production costs and optimize processes to improve financial efficiency.
  2. Develop and maintain costing systems for all manufacturing processes.
  3. Monitor and analyze actual production costs versus system costs, identifying variances and investigating the causes.
  4. Re-cost existing products and perform costings for new products.
  5. Prepare detailed reports on cost performance, variances, and profitability for management.
  6. Ensure accurate allocation of overhead costs to production activities.
  7. Create and update Bill of Materials on the ERP system.
  8. Collaborate with the inventory team to manage and analyze inventory movements and valuations.
  9. Conduct periodic inventory audits and reconciliations to ensure accuracy.
  10. Calculate and monitor slow-moving or obsolete inventory, recommending actions to management.
  11. Ensure all stock in the ERP system has accurate cost and selling prices.
  12. Assist with stocktakes and cycle counts when necessary.
  13. Assist in preparing annual budgets, rolling forecasts, and long-term financial plans.
  14. Work closely with production and procurement teams to forecast material and labor costs.
  15. Develop and implement cost-saving initiatives.
  16. Prepare monthly, quarterly, and annual cost accounting reports for internal stakeholders.
  17. Support the finance team during audits by providing detailed cost-related information.
  18. Ensure compliance with industry standards, financial regulations, and internal control policies.
  19. Identify opportunities for cost reduction and process improvement in manufacturing activities.
  20. Implement cost control procedures to monitor production efficiency and resource utilization.