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    Cost and Management Accountant - East London, South Africa - Abantu Staffing Solutions

    Abantu Staffing Solutions background
    Full time
    Description

    Overview:

    To provide overview and analysis of COS and Gross Contributions Stats at division level, as well as assist with Sales related projects and complete ad-hoc feasibility projects for Financial Executive.

    Minimum requirements:

    • Grade 12
    • National Diploma: Financial Accounting (or equivalent)
    • 5+ years' experience in a Management Accounting role
    • Experience in a manufacturing environment essential
    • Experience in automotive manufacturing environment advantageous

    Responsibilities:

    Cost Accounting:

    • Prepare and review details product costing analysis for all new parts
    • Analysis 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.

    Costing:

    • Provide indicative "what-if" costings and impact on profitability for: New Product Generation and Specification to existing products.
    • Worked closely with technical team to ensure integrity of the control sheet.
    • Worked 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.

    Costing Analysis:

    • 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 assisted 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.

    Reporting:

    • 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.
    • Weekly tracking of costings done to create visibility of projects manage workload with project and customer team

    General Finance:

    • 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

    Financial Strategy:

    Participate in organisational strategy management from a financial management perspective.



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