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Cost & Management Accountant

Employer
Sharon Nurock Recruitment c.c.
Location
Durban Durban eThekwini, South Africa
Salary
Competitive
Closing date
May 18, 2024

View more

Job Role
Accountant
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Reference: DUR002895-SN-3Our client, a national manufacturing concern, needs your experience and expertise to provide an overview and analysis of COS and Gross Contributions Stats at division level, as well as assist with Sales-related and adhoc feasibility projects.
The Person:

B.Com Degree in Cost & Management Accounting or equivalent.
Min. 2 to 3 years' experience in a management accounting role.
Automotive Industry and Manufacturing environment experience essential.

The Job:Report to the Finance & Commercial Manager:Financial Strategy:

Participate in organisational Strategy management from a financial management perspective.

General Financial:

Provide financial analysis and support to management and all operational areas.
Maintain and update accounting system (ERP: LX).
Ensure compliance with internal control.

Cost Accounting:

Prepare and review detailed product costing analysis.
Analyse all current stock and make recommendations for the financial recovery on distressed stock.
Calculate and propose potential price increases.
Review GP percentage of individual BOM's and identify distress stock.
Participate in continuous improvement initiatives.

Costing:

Provide indicative “what-if” costings and impact on profitability for: New Product Generation and Specification to existing products.
Ensure most current costs are used when calculating profitability.
Effectively communicate and present findings as well as recommendations to the Commercial Manager, Business Development Manager, Technical team and the rest of the cross-functional team.

Cost Analysis:

Provide meaningful profitability information and recommend ways to optimise OEM profitability and project profitability for new business.
Recover margin in under-performing categories by highlighting commercial impact (margin enhancement vs volume opportunity) and assist in strategic decision-making.
Support the Business Development Managers in the use of system tools regarding costing and profitability.
Support Commercial Manager in considering product rationalisation, mix comparisons and other business improvement opportunities.
Attend customer and commercial meetings to provide insight into ongoing projects and commercial items.

Reporting:

Create a platform within quarterly profitability review to evaluate the success of project post launch review, providing insight and learnings which can be taken into future launches.
Develop suitable standard of commercial reports that will provide insight, stimulate further discussion, and assist in decision-making across RFQ patch.
Work closely with IT to automate reporting where possible.
Weekly tracking of costings done to create visibility of projects.

Competencies:

Good sense of structure, processes and controls.
Experience in managing/supervising staff.
Good grasp of Brilliant Basics.
Take ownership and accountability for tasks and activities.
Demonstrate effective self-management in terms of planning and prioritising, and self-development.
Follow through to ensure that quality and productivity standards of work are consistently and accurately maintained.
Manage colleagues and client's expectations and communicate appropriately.
Demonstrate willingness to help others and “go the extra mile” to meet team targets.
Participate and drive regular performance appraisals and ensure that own targets and goals are clear and achievable.

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