About the position
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
Desired Skills:
- "Cost Accountant"
- Syspro
- CIMA
