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Overview
The Cost Accountant is responsible for ensuring effective stock control, maintaining of pricing process and variance analysis, by applying the techniques of standard costing specific to the requirements of a manufacturing concern, thereby ensuring accuracy of information provided for informed decision making by stakeholders.
Qualifications
- BCom Accounting/BTech Cost Accounting or equivalent qualification
- CA/ CIMA /Post Graduate qualification in Management Accounting advantageous
Experience
- A minimum of 2 –4 years’ experience at a similar level
- Manufacturing experience essential
Duties
- To perform required duties for effective monitoring, control and management of Inventory
- To provide key stake holders with product cost of sales based on a set of monthly standard costs for informed business decisions
- To analyse information identifying abnormal variances for investigation and driving the resolution thereof
- Maintain Bill of Materials to ensure accuracy of cost in the system
- Maintaining new cost prices and transport rates monthly
- To provide inventory and pricing support to decentralized Business Units for effective query resolution
- To provide support to the finance team in effective resolution of business unit queries
- To facilitate problem solving sessions for inventory variances etc
- Co-ordinate and control regular Stock Counts for the area under their responsibility
- To finalize month end process by performing close off procedures against deadlines
- To finalize year end process by performing close off procedures against audit deadlines
- To perform reconciliations to monitor the validity of transaction
- Attending stock takes bi-monthly and monthly
- Attending maintenance spares bi-annually and sign stock sheets
- Investigating incorrect capturing of raw material codes and resolving with relevant plant managers
- Monitoring and managing the Goods-In-Transit and resolving variances timeously
- Submitting stock reports with comments on abnormal costs
- Identifying Usage Variances Losses and verifying them with relevant mangers
- Ensure all relevant work orders are closed and work orders not closed must be listed at month end per Work Order Number
- Ensure accuracy of standard costs and recovery rates
- Analysing the Purchase Price Variances and other and and investigate anomalies
Job Competencies
Core Job Related Competencies
- Extensive practical and theoretical knowledge of Costing and Management Accounting Principles
- In-depth knowledge of financial principles and processes (IFRS, Tax Regulations and other applicable legislation)
- Good understanding of relevant legislation
- Good understanding of core business principles and processes , including governance and internal controls
- Good knowledge of manufacturing environment
- Exceptional communication skills
- Ability to manage conflict
- Highly proficient in Microsoft Excel and other applications – Must be able to use data to deliver insights that help business decision making
- Good tax knowledge
- Interpersonal/ Communication
- Sound interpersonal skills, creativity and ability to mix with other people
- Sound communication skills
- Have a high standard of written English skills
- Excellent verbal ability, communication, negotiation and presentation skills
- Self-Management
- Proactiveness
- Responsiveness
- Attention to detail
- Reliability
- Integrity