Cost and Management Accountant
- Employer
- Tower Group Ltd
- Location
- iLembe Ballito KwaZulu-Natal, South Africa
- Salary
- Competitive
- Closing date
- Feb 16, 2025
View more categoriesView less categories
- Job Role
- Accountant
- Sector
- Finance
- Contract Type
- Permanent
- Hours
- Full Time
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Description
Our client in the automotive manufacturing industry is seeking a Cost and Management Accountant to join their team based in Mobeni
MINIMUM REQUIREMENTS
Grade 12
Bachelor of Commerce / Diploma in Financial Accounting
Minimum 2 to 3 years' experience in management accounting role.
Automotive Industry and Manufacturing Environment experience
MAIN JOB FUNCTIONS
Participate in organizational strategy management from a financial management perspective
Provide Financial analysis and support to management and all operational areas of the business.
Maintain and update accounting system (ERP: BPCS)
Ensure compliance with internal control
Prepare and review details product costing analysis for all new parts
Analyze all current parts and make recommendations for the financial recovery on distressed parts.
Calculate and propose potential price increases
Review GP percentage of individual BOM's and identify distress parts
Participate in continuous improvement initiatives
Provide indicative “what-if” costings and impact on profitability for: New Product Generation and Specification to existing products.
Work closely with technical team to ensure integrity of the control sheet
Work closely with factory accountants to facilitate an understanding of and ensure that most current costs (both production and distribution) are used when calculating the 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.
Provide meaningful profitability information and recommend ways to optimise OEM profitability and project profitability for new business.
Recover margin in underperforming 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.
Challenge product enhancement opportunities
Attend customer and commercial meetings to provide insight to ongoing projects and commercial items.
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 manage workload with project and customer team
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.
Inform relevant parties in the event of tasks or deadlines not met, the potential risks thereof and provided appropriate resolution
Support and drive the business core values
Manage colleagues and client's expectations and communicate appropriately
Demonstrate willingness to help others and “go the extra mile” to meet team targets and objectives.
Participate and drive regular performance appraisals and ensure that own targets and goals are clear and achievable.
Maintain a basic appreciation and awareness of employee relations climate and ensure corrective action is taken where required in line with relevant legislation and company policy
Our client in the automotive manufacturing industry is seeking a Cost and Management Accountant to join their team based in Mobeni
MINIMUM REQUIREMENTS
Grade 12
Bachelor of Commerce / Diploma in Financial Accounting
Minimum 2 to 3 years' experience in management accounting role.
Automotive Industry and Manufacturing Environment experience
MAIN JOB FUNCTIONS
Participate in organizational strategy management from a financial management perspective
Provide Financial analysis and support to management and all operational areas of the business.
Maintain and update accounting system (ERP: BPCS)
Ensure compliance with internal control
Prepare and review details product costing analysis for all new parts
Analyze all current parts and make recommendations for the financial recovery on distressed parts.
Calculate and propose potential price increases
Review GP percentage of individual BOM's and identify distress parts
Participate in continuous improvement initiatives
Provide indicative “what-if” costings and impact on profitability for: New Product Generation and Specification to existing products.
Work closely with technical team to ensure integrity of the control sheet
Work closely with factory accountants to facilitate an understanding of and ensure that most current costs (both production and distribution) are used when calculating the 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.
Provide meaningful profitability information and recommend ways to optimise OEM profitability and project profitability for new business.
Recover margin in underperforming 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.
Challenge product enhancement opportunities
Attend customer and commercial meetings to provide insight to ongoing projects and commercial items.
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 manage workload with project and customer team
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.
Inform relevant parties in the event of tasks or deadlines not met, the potential risks thereof and provided appropriate resolution
Support and drive the business core values
Manage colleagues and client's expectations and communicate appropriately
Demonstrate willingness to help others and “go the extra mile” to meet team targets and objectives.
Participate and drive regular performance appraisals and ensure that own targets and goals are clear and achievable.
Maintain a basic appreciation and awareness of employee relations climate and ensure corrective action is taken where required in line with relevant legislation and company policy
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