Cost Accountant

5 days ago

Durban Metro South Africa Ntice Sourcing Solutions Full time R6 200 000 - R8 300 000 per year

Job Description

Our client who is in the manufacturing space is looking for a Cost Accountant, based in Pinetown, KZN

The purpose of this role is to implement and manage cost-saving systems that support the company's cost optimisation efforts and enhance financial decision-making

Duties and Responsibilities:

Cost Accounting System Improvement

  • Enhance and maintain cost accounting structures, including BOM accuracy, labour rates, run times, overhead allocations, and scrap percentages.

Cost Accounting & Analysis

  • Update and manage standard costing systems.
  • Perform product costings, variance and margin analysis, and report under-recoveries.
  • Monitor machine rates, PPV, WIP, tooling and maintenance variances, and BOM accuracy.
  • Reconcile actual vs standard material costs and identify cost-saving opportunities with Operations.

Budgeting, Forecasting & Management Reporting

  • Support annual budgets, forecasts, and departmental reporting.
  • Track and report budget performance, cost variances, and customer recovery margins.
  • Manage tooling project budgets and load requisition budgets in Syspro.

Inventory Valuation & Control

  • Perform inventory valuation (IAS2), cycle count adjustments, BOM cost implosions, and investigate variances.
  • Create stock codes, support stock audits, and assist with physical inventory checks.

Financial Accounting Support

  • Assist with audit queries related to inventory and cost of sales.
  • Support the Financial Manager with ad hoc projects.

Minimum Requirements:

Education and Experience:

  • Degree in Finance / Cost Accounting.  CIMA preferred
  • Minimum 7 years' experience in a similar position within the manufacturing sector  

Knowledge and Skills:

  • MS Suite, Syspro
  • Strong financial analysis skills
  • Production process understanding

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