Accountant KwaZulu-Natal - Letsema Consulting and Advisory

    Letsema Consulting and Advisory
    Letsema Consulting and Advisory KwaZulu-Natal

    3 days ago

    Default job background
    Description

    Cost Accountant

    The Cost Accountant will have the following key responsibilities:

    • Develop and maintain a detailed, accurate and reliable cost accounting system that ensures accurate costing of all products manufactured.
    • Produce daily production, variance analysis and ad hoc reports as required by the role.
    • Implement where applicable review and analyze standard versus actual costs variances and prepare relevant reports for all internal and external stakeholders.
    • Update standard costs frequently to ensure accurate costing metrics and reliability in the Bill of Materials BOMs.
    • Coordinate with relevant stakeholders to facilitate periodic update of standard costs in the bill of materials.
    • Review and recommend changes to companys processes and policies to ensure efficiency in production costs and maximize margins.
    • Advise executives and upper management on appropriate costing methods based on financial data.
    • Prepare analyze and report monthly gross margin analysis by customer product type SKU for all products manufactured and sold.
    • Analyze changes in product design raw materials manufacturing methods or services to determine effects on costs.
    • Collect and analyze data about companys operational costs.
    • Establish allocate and report on costs of business processes such as administration labor shipping and identify areas of cost inefficiencies to be addressed.
    • Manage account reconciliation of physical inventories and cycle counts on an end-to-end basis.
    • Prepare periodic inventory reserves reconciliation analyzing production levels required to ensure supply requirements are met inventory at risk and monitoring with support from internal stakeholders to ensure inventory levels are effectively produced and on hand.
    • Assist in month-end year-end and audit reporting requirements by analyzing all related costs associated and relevant to inventory and preparing supplemental reports as needed by relevant internal and external stakeholders.
    • Implement and report on variable and fixed costs.
    • Prepare budget and forecast data reports for the company and for each department.
    • Ensure accurate classification of expenses per IFRS and management reporting requirements.
    • Analyze manufacturing costs and prepare periodic reports comparing standard prices to actual production costs.
    • Report on relevant finance data including but not limited to relevant KPI data.
    • Carry out departmental reporting within the business and do detailed analysis of actual versus budget variances while recommending to respective stakeholders how they need to meet financial targets and strategies.
    • Accomplish planning controlling accounting and reporting activities of costs and of special projects where applicable.
    • Review all major contractsorders to ensure specs are adequately costed and priced within the system and to ensure profitability is measured accurately.
    • Inspect and design controls over physical inventory and design implementation of controls to ensure accurate reporting.

    Desired Experience Qualification

    • CA SA or CIMA qualification.
    • Minimum of 3+ years post articles experience required.
    • Proven work experience as a Cost Accountant Cost Analyst Accountant or similar role in a manufacturing business with costing experience.
    • Thorough knowledge of standard costing methodologies and IFRS requirements.
    • Experience with Syspro accounting software beneficial.
    • Advanced computer literacy in MS Excel particularly.
    • Excellent analytical skills with attention to detail.

    A self-starter with excellent problem-solving skills and ability to interact with internal and external stakeholders at various levels within the organization.

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