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Cost Accountant

Employer
Recruitment & Placement Executives
Location
Johannesburg Johannesburg Gauteng, South Africa
Salary
Competitive
Closing date
Sep 29, 2021

View more

Job Role
Accountant
Sector
Finance
Contract Type
Permanent
Hours
Full Time
The Cost Accountant is responsible for ensuring the delivery of valid, accurate and complete accounting records with respect to all projects and contracts undertaken by the organisation. This involves the complete project cycle from the contracting phase until the completion of the project and incorporates all aspects of financial and administration for these [URL Removed] role will thus also oversee the formulation and implementation of policies and procedures, systems, tools and other mechanisms to ensure best practice in the achievement of optimal project accounting. This will require the constant evaluation of the effectiveness of the current controls and the need to optimise the systems that monitor these.
Cost Accounting and Control 1. Preparation of quotes for new contracts together with the Programmes and Commercial team.2. Review contract costings together with the Commercial and Programmes team3. Monitoring the setup of projects on ERP system for accurate reporting4. Maintain project-related records, including contracts and change orders and all supporting documentation for billing requirements, tax and other legislative reporting5. Authorize access to project accounts.6. Authorize the transfer of expenses into and out of project-related accounts7. Review and approve purchase requisitions related to a project within the approved delegation of authority and business policy8. Review and approve time sheets for work related to a project withing the approved business process framework9. Review account totals related to project assets and expenses10. Investigate project variances and submit variance reports to management11. Prepare accurate cashflow statements on projects and report timeously 12. Confer with receivables staff regarding unpaid contract billings13. Oversee the effective stock management process as it relates to finance inputs to ensure accurate [URL Removed] Ensure the inventory management process meets the financial standard required for internal and external audit. 15. Report on project profitability and net cash position to management16. Report to management on any opportunities for additional billings17. Report to management regarding the remaining funding available for projectsConfidential and Proprietary of PIH Page 2 of 318. Create or approve all project-related billings to customers19. Investigate all project expenses not billed to customers20. Respond to requests for more detail from customers21. Approve the write off of any project-related billings that cannot be billed to or collected from customers22. Close out project accounts upon project completion23. Create and submit government reports and tax returns related to projects24. Compile information for internal and external auditors, as required 25. Budgeting and forecasting26. Support to the commercial team27. Ensure the accurate reporting of project related sales, cost of sales, work in progress and finished [URL Removed] Ensure accurate debtors balances are [URL Removed] Participate in cost saving initiatives and adhere to financial [URL Removed] Conduct work in a customer orientated manner31. Provide administrative [URL Removed] Any other reasonable request33. Producing accurate financial reports to specific [URL Removed] Keeping abreast of changes in financial regulations and legislation. 35. Assist with external queries re Finance i.e., shareholder, auditors 36. Assist in the procurement process by ensuring the implementation of appropriate controls within the Procure to Pay process Other37. Build departmental capacity (capability, competence and numbers) to enable achievement of accounting objectives38. Monitor change management processes by applying change management methodology to reduce resistance to change, optimise buy-in and eliminate any barriers to change for new accounting programmes39. Adequate support to all managers and staff
PLEASE SEND A DETAILED CV OF YOUR EXPERIENCE
*Desired Skills: *

* cost accountant
* project cycle
* policies and procedures
* system tools
* project accounting
* Cost accounting
*Desired Work Experience: *

* 5 to 10 years Marine / Naval Engineering

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