Cost Accountant.

About the position

The Cost Accountant role is crucial for ensuring the efficient and effective management of the company's cost structures. This role supports strategic decision-making, enhances operational efficiency, and ensures compliance with financial regulations. The Cost Accountant will deliver comprehensive financial analysis and reporting, playing a pivotal role in maintaining financial health and supporting the company's commitment to sustainability and innovation.

Qualifications:

• B.com Finance or similar NQF 7.

Experience:
3 - 5 years' minimum experience in a Financial accountant position within a manufacturing environment.

Responsibilities:

Control and Cost Management:

• Reviews all costs impacting the income statement, compares and analyses costs to budgets and forecasts.
• Preparation of monthly accruals, provisions and journals.
• Ensures all expenses are captured in line with SOPs and within the control environment.
• Preparation of Balance Sheet recons.
• Ensures the control environment is managed within cost and reporting, delegation of authority limits are adhered to, and segregation of duties are managed.

Preparation of Reporting Packs:

• Prepares monthly reporting packs in line with month-end deadlines.
• Prepares and submits reporting requirements from HO and Consolidations including Miras packs, volume reconciliations.
• Works closely with HO and Shared Services on all reporting requirements.
• Assists in the preparation of monthly Management and BRM packs.
• Prepares and submits statutory reporting requirements.

Submission of VAT returns:

• Prepares and reconciles monthly VAT returns and submits on SARS eFiling.
• Ensures customs VAT is reconciled and reported correctly in VAT submissions.
• Works closely with the Tax department and resolves all queries and vat audit requests.
• Updates One Source monthly and signs off with the Tax department.

Product Costing and Pricing updates:

• Review pricing from procurement, challenge and validate by comparisons and sense checks.
• Sense check and validate Boms.
• Update and maintain Fixed Cost rates.
• Upload pricing into JDE.
• Create costings, execute, manage errors and validate.
• Produce final Product cost estimates.
• Manage daily costing requests.
• Produce PCEs for new and innovation packs.
• Update Sales pricing in JDE, work closely with the Sales team on the updating of Sales pricing.

Materials Management:

• Fully manage and lead the cost and control environment regarding materials management.
• Fully management declarations of Resin usage to 3rd party customers.
• Provide weekly recons of receipts, consumption and wastage of Resin (Mass Balance / MUC reporting).
• Be the control lead and manage all stock counts ensuring all locations are fully counted each month.
• Work closely with the Logistics and Materials management teams on variance analysis.
• Management of returnable packaging, cages, pallets and scrap.
• Work closely with the QC, Sales and Logistics teams on returns and credits.
• Ensure all variances are signed of per Schedule of authority.
• Ensure all negative stocks are cleared prior to month end close.
• Ensure all processing is fully completed prior to month end including grns, manuals and all other document processing relating to materials management.

Balance Sheet:

• Prepares Balance sheet recons and ensures these are reviewed and signed off monthly.
• Highlights any risks or concerns relating to the balance sheet management.

Control Environment:

• Ensures the control and compliance environment is well managed for all areas under direct control.
• Actively involved in audits.
• Works closely with all teams and assists in the preparation of SOPs.
• Assists and guides team members were necessary.
• Highlights risks and proposes mitigations or action plans.
• Reports relevant and useful information to the organization.

Desired Skills:

• Ability to interact with people of varying levels in the organisation
• Dedicated specialist
• Strong understanding of accounting principles and practices
• Advanced analytical experience and interest
• Proficiency in preparing and analysing financial reports
• Detail orientation
• Learning agility
• Strong problem-solving skills
• Communication
• Proactive approach to identifying opportunities for cost reduction and process improvements
• Ability to adapt to changing business needs.

Desired Work Experience:

• 2 to 5 years

Desired Qualification Level:

• Degree

About The Employer:

Our client is a leading paper and plastics packaging manufacturing business and recycler in southern Africa. The company is renowned for its innovative and sustainable solutions and products, and passionate about the people it connects with, and preserving natural resources. It has cutting-edge facilities and is dedicated to environmental sustainability and excellence. It also has a strong focus on community and employee development and offers a dynamic and inclusive working environment.

Employer & Job Benefits:

• Medical Aid
• Pension
• Performance Bonus.