Cost Analyst
4 weeks ago
Key Responsibilities
As a Cost Accountant at FirstRand Bank Limited, you will model, interrogate, and provide insights on detailed cost and profitability information to support operational management decisions and planning. Your responsibilities will include:
- Preventing wastage and identifying process improvements to contain and reduce costs
- Providing input into costing projects involving segments, business units, functions, or countries/regions
- Influencing creative business solutions, optimizing processes, and informing strategic decisions through cost modeling and data analysis
- Building, running, and executing profitability models and providing required reports for the business
- Providing feedback to the business on monthly and ad hoc analysis and reports to support decision-making
- Building and calculating cost models and working within established work and service processes
- Conducting reviews and scenario planning to provide guidance on budgetary processes in terms of spend and forecast adjustments
- Developing new insights into situations and applying innovative solutions to make organizational improvements
- Providing input into the development of the tactical strategy and developing and implementing a supporting operational strategy
- Building working relationships across teams and functional lines to enhance work delivery, collaboration, and innovation
Requirements
- Diploma or degree in finance, costing, mathematics, or a similar field
- Relevant degree in financial or analyst modeling
- CIMA, ACCA, or SAIPA certification
- 3-5 years of experience in costing, commercial, finance, or pricing
- Proven work experience as a Cost Accountant, Cost Analyst, Accountant, or similar role
- Computer literacy, especially in MS Excel (advanced level beneficial)
- Experience working with data in SQL
- Excellent analytical skills with an attention to detail
- Strong time management skills
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