Cost and Management Accountant - Durban - Tower Group

    Tower Group
    Tower Group Durban

    1 week ago

    tower group background
    Description

    Cost and Management Accountant

    About the Role

    We are seeking a highly skilled Cost and Management Accountant to join our team in the automotive manufacturing industry.

    Responsibilities

    • 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)
    • 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

    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
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