Our client, market leader in the food manufacturing sector is looking to hire a Factory & Cost Accountant, based in Midrand

The successful candidate will be responsible for ensuring compliance to all financial procedures in the factory, managing and controlling new systems and different cost saving initiatives and the factory profitability and variance analysis

Duties and Responsibilities:

Cost Accounting

Manage Bills of Material (BOM) creation and updates from formulationsPrepare and maintain cost estimates, monthly reporting to CFOAnalyze product costs from supplier receipts (marginal, ABC)Determine scrap factors and generate production reportsUpload standard costs and release estimates in SAP
Internal Controls and Analysis

Understand production processes (TECO, ERTR, REL, CLSD)Balance production GRV and consumption monthly with accrualsAnalyse production order variances, report monthly to CFOUtilize COOIS for insights and conduct standard cost analysisDaily review of WIP accounts
Factory Collaboration

Collaborate with factory teams (warehouse, production, planning)Lead and support correct process flowsMonthly presentation on slow-moving and obsolete stocksWeekly reporting on factory non-conformances and financial adjustments
Projects and Ad hoc

Assess capital projects for ROIManage financial software initiativesPerform ad-hoc duties as required
Financial Accounting

Approve GL accounts and cost centers on purchase requisitionsAssist in creditor reconciliation approvalsCreate assets in SAP and process monthly journalsSupport audit queries related to inventory and cost of sales
Reports

Prepare production, sales, PPV, inventory turnover, and manufacturing cost reportsConduct monthly spend analysis
Inventory

Approve daily cycle count adjustmentsInvestigate high variances with warehouse teamCoordinate and complete annual stock take
Minimum Requirements:

Education and Experience:

• Matric
• Diploma in Cost and Management Accounting
• CIMA Managerial level preferred
• Minimum 3 years' experience in a similar capacity within the FMCG / Manufacturing sector

Knowledge and Skills:

• Advanced knowledge of mathematics and statistics
• Understanding of Cost Accounting principles, standards, and methodologies
• Strong financial analysis skills
• Ability to prepare financial reports and give recommendations based on available data
• Production process understanding
• Production orders variance and analysis
• Ability to perform risk and security assessments
• Excellent attention to detail
• Effective communication skills

Salary:

Market related

Desired Skills:

• "Factory Accountant"
• "Cost Accountant"
• CIMA