Cost Accountant
4 weeks ago
Cost Accountant
Minimum Requirements:
- Minimum 2-3 years experience in cost and management accounting, including analysis and reporting
- Preferably a B.Com or equivalent and studying towards CIMA/CA
- Good communication and interpersonal skills, with the ability to work collaboratively across departments
- Strong computer skills, including proficiency in Microsoft Excel and experience working with ERP systems
- Business Intelligence Tools experience advantageous
- Ability to multi-task with good time management skills
- Pay strict attention to detail and accuracy
- Ability to collaborate with teams
Responsibilities:
Costings- Action costings accurately and timeously.
- Understand factors driving costings and profitability, and provide useful insight into the process.
- Review and address concerns on costings and guide NPD in the development process.
- Attend trials and ensure that product and cost concerns are raised in advance.
- Communicate costings and reports clearly and effectively.
- Ensure the accuracy of ingredient and BOM-related tracking tools.
- Distribute ingredient tools.
- Resolve queries related to ingredient tools.
- Conduct weekly deep dives on variances and report findings to assist in correcting issues or deviations.
- Capture and analyze Stock Take variances during month-end counts.
- Attend factory trials to gain a thorough understanding of new or upgraded product manufacturing processes and provide insight into proposed changes to product costs (e.g., capex, opportunity costs due to capacity).
- Accurately cost NPD or changes to NPD processes.
- Maintain integrity and support the proper execution of the NPD approval process.
- Calculate and implement any approved changes to product costing, outlining the impact on the cost base and profitability.
- Monitor, review, and provide feedback on the actual impact of changes and new product costing as part of the post-launch process.
- Perform BOM checks and audits as needed.
- Conduct factory floor audits/checks as required.
- Coordinate investigations and audits with the Management Accountant and Factory Managers to support cost control and maximize profitability.
- Assist in the compilation and tracking of Capex motivations and other irregular requirements.
- Conduct ad hoc projects and feasibility studies concerning product profitability.
- Continuously identify opportunities to improve processes and systems within the cost accounting function.
- Provide coordination and support for capital motivations, such as bill of materials and quotations.
- Perform ad hoc reporting and analysis as required.
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