Costing Analyst - Cape Town, South Africa - Optential Consulting

Optential Consulting

Verified Company

Cape Town, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Signal Hill Products is looking for a Costing Analyst

Position/Title:
Costing Analyst

Reports Too:
Plant Controller

Function:
Finance

Area:
South Africa

Number of Reports:0

Overall Responsibility:

This position is responsible for managing and maintaining cost standards as well as ensuring that inventory, labor, and other ERP system records are accurate within the Supply function.

Responsible for ensuring correct allocation to schedule of cost codes and ensuring provision and maintenance of site premises, through managing client relationships and managing contract finances and information.

Focus Area 1:
BOM Management
Bill of Materials (BOMs) Accuracy, creation and subsequent maintenance
Maintaining and updating accuracy of all current BOMs
Generate new product recipes and costing of new BOMs with accurate Standards

Assist in cost accounting activities including standard cost development, average pricing analysis, margin and cost ratio analysis, inventory control, variance analysis, etc.

Work with the purchasing and production teams to ensure bills of materials (BOM) are accurate and up to date; review and audit BOM's to ensure they reflect the latest practices
Accurate Price and Usage Standard Costing of BOMs
Accurate maintenance of all BOMs standard descriptions and master date fields
Protecting the integrity of Budget standards with limited or no changes to Standards without review, sign off and approval, load Budget Standards annually into ERP System
Generate Costing BOMs for Contract Packaging opportunities

Focus Area 2 :
WIP Management
Generating Production Tickets, Capturing Production Tickets and maintaining accurate inventory movements between warehouse, brewing and production
Track the flow of inventory through the ERP system.
Work with manufacturing to ensure cycle counts are accurate and reconciliations of staging areas are complete.
Accurate capturing and reflection of production plans in ERP
Effective utilisation of ERP, processing allowed BOMs usages per standards against accurate actual usage
Initial review of all production variances for accuracy, eliminating obvious input errors
Timely closure of all production batches
Tracking production performance through accurate variance analysis, documenting review and learn insights and monitoring subsequent corrective action plans
Produce various daily/ weekly/period/quarterly production analysis and variance reports for Management review.

Focus Area 3:
Inventory Management
Raising and Receipting of Purchase Orders for Supply function.
Generating Production Tickets, Capturing Production Tickets to reflect production plans and actual material used
WIP and staging counts, verification and reconciliation of Inventory balance report to general ledger
Inventory ID set up and stock items master data management
Month end production inventory counts confirmations and reconciliation of variances

Focus Area 4:
Reporting
Produce various daily/ weekly/period/quarterly production analysis and variance reports for Management review.
Perform WIP Variance Analysis and WIP Balance sheet Inventory reconciliations
Collaborate with the Leadership team to determine the true cost of process inefficiencies and establish data analysis tools for effective reporting
Establish actual cost using standard/job cost methods
Compile and prepare variance report data comparing standard costs to actual production costs
Participate in the monthly close process.

Prepare month end general accruals and account reconciliations and perform a variety of other routine accounting tasks that support forecasting, budgeting, and internal control activities.

Provide a variety of routine office and clerical support as required including the preparation of documents, spreadsheets, presentations, or other communication as well as providing back-up support to the Accounting department as required.

Perform all other duties/special projects as assigned.

Requirements of the Role
Formal tertiary accounting qualifications
Proficient knowledge of accounting principles and cost accounting principles
Understands operations process flow with basic knowledge of financial analysis
Strong analytical and communication skills required with ability to support continuous Improvement and other cost savings initiatives.
Work requires continual attention to detail in composing, typing, and analysing materials with an emphasis on accuracy and timeliness.

Must be detail-oriented, have strong research, problem-solving, and analytical skills, and have the ability to communicate with all levels of staff, vendors, and management.

Must be able to work in a fast-paced environment with demonstrated ability to juggle multiple competing tasks and demands.
Familiarity with ERP systems

Preferred Skills/Competencies
Good communication and interaction skills with people on all levels in the organization
Strong ability to multitask and prioritise
Willing to be challenged