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Cost Accountant/Financial Professional

Employer
ESG Recruitment
Location
East Johannesburg JHB - Eastern Suburbs, Gauteng Johannesburg, South Africa
Salary
Competitive
Closing date
Jun 16, 2024

View more

Job Role
Accountant
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Cost Accountant/Financial Professional Cost Accountant

Qualifications, Experience & Skills:
National Diploma / CIMA qualification or Hons degree
4+ years of Cost accounting experience in a manufacturing environment.
Experience of Syspro
Affinity for figures
Excellent problem-solving skills
Strong administrative skills
Organised, neat and pays attention to detail.
Able to cope under pressure & work as part of a team.
Stock knowledge
Fluent in English and Afrikaans

The primary tasks include:
Prepare job closure and costing summary ensuring all supporting documentation is on file.
Costing of manufactured parts used in Production
Variance analysis & resolution.
Assist with stock counts.
Assist with financial year-end audit

Duties:
Labour and Overhead costing
  • Maintain the line items for direct materials, labour and overhead on the bill of material or recipe for each product.
  • Preparing standard cost budgets for manufacturing.
  • Calculate, analyse, account for, and report monthly cost variances for direct materials, direct labour, indirect labour and manufacturing overhead.
  • Assist sales with product pricing using an already defined methodology.
  • Inventory Transaction
  • Load new Raw Material and Spares stock codes.
  • Process scrap notes, concessions and adjustment.
  • Resolve stock related queries.
  • Maintain an accurate perpetual inventory.
  • Work with other departments to conduct and reconcile physical inventory cycle counts and analyse and report variances.
  • Compliance/Policies and Procedures
  • Execute and maintain procedures accurately and consistently calculating production rates, downtime, and change-over times for department performance measures.
  • Developing a standardised policy and procedure of the standard costing system, such as inventory management, cost allocation and new product development (NPD) calculation.
  • Ensuring that cost accounting transactions align with GAAP, company policy and IFRS.
  • Reporting / Analysis
  • Variance analysis, sales reporting, balance sheet reconciliations and profit and loss.
  • Prepare monthly reporting and analysing actual versus budget/forecasts.
  • Proactively analysing costs and supporting relevant departmental managers.
  • Interpreting Cost of Sales
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