Manufacturing Cost Analyst
21 hours ago
Express Employment Professionals Midrand is currently seeking an experienced Manufacturing Cost Analyst to join our team in Centurion.
The estimated salary for this position is R600,000 - R800,000 per annum, depending on experience.
Job Description:
Company OverviewWe are a leading employment agency providing staffing solutions to businesses across various industries. Our company culture emphasizes teamwork, professionalism, and customer satisfaction.
SalaryThe estimated salary for this position is R600,000 - R800,000 per annum, depending on experience.
Job ResponsibilitiesThe successful candidate will be responsible for the following duties:
- Cost Analysis:
- Analyze and report on manufacturing costs, including direct labor, direct materials, and overhead expenses.
- Regularly review and update cost estimates for new and existing products vs expectations.
- Identify and investigate discrepancies between actual and standard costs.
- Review the Bill of Materials (BOM) to ensure accuracy with production activities.
- Inventory Management:
- Oversee the valuation of inventory and ensure accurate recording in financial statements.
- Collaborate with the production team to reconcile physical inventory with accounting records.
- Regularly observe and review inventory processing procedures.
- Implement and maintain effective inventory control measures.
- Financial Reporting:
- Prepare and present regular financial reports related to manufacturing costs to management.
- Provide insights and recommendations based on cost analysis to support strategic decision-making.
- Assist in preparing budgets and forecasts related to manufacturing activities.
- Month-End Close:
- Play a key role in the month-end closing process, ensuring accurate and timely financial reporting.
- Reconcile general ledger accounts related to manufacturing costs.
- Process Improvement:
- Identify opportunities for cost reduction and operational efficiency within the manufacturing process.
- Collaborate with cross-functional teams to implement process improvements and cost-saving initiatives.
- Compliance:
- Ensure compliance with relevant accounting standards and regulations.
- Assist in internal and external audits related to manufacturing costs.
- Communication and Collaboration:
- Collaborate with various departments, including production, procurement, and finance, to gather relevant cost information.
To be considered for this position, you should have:
- Bachelor's degree in Accounting or Finance.
- Professional certificates, such as CIMA or SAICA, are advantageous.
- Working knowledge of accounting software and ERP systems, specifically Sage 200 Evolution v9.
- Proficiency in Microsoft Office Suite, including Word, Excel, PowerPoint, and Outlook.
We offer a competitive salary and benefits package, including opportunities for professional growth and development.
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