Job Description

Job Summary Cost Accountant

Qualifications, Experience & Skills:
National Diploma / CIMA qualification or Hons degree
4+ years of Cost accounting experience in a manufacturing environment.
Experience of Syspro
Affinity for figures
Excellent problem-solving skills
Strong administrative skills
Organised, neat and pays attention to detail.
Able to cope under pressure & work as part of a team.
Stock knowledge
Fluent in English and Afrikaans

The primary tasks include:
Prepare job closure and costing summary ensuring all supporting documentation is on file.
Costing of manufactured parts used in Production
Variance analysis & resolution.
Assist with stock counts.
Assist with financial year-end audit

Duties:
Labour and Overhead costing

• Maintain the line items for direct materials, labour and overhead on the bill of material or recipe for each product.
• Preparing standard cost budgets for manufacturing.
• Calculate, analyse, account for, and report monthly cost variances for direct materials, direct labour, indirect labour and manufacturing overhead.
• Assist sales with product pricing using an already defined methodology.

Inventory Transaction

• Load new Raw Material and Spares stock codes.
• Process scrap notes, concessions and adjustment.
• Resolve stock related queries.
• Maintain an accurate perpetual inventory.
• Work with other departments to conduct and reconcile physical inventory cycle counts and analyse and report variances.

Compliance/Policies and Procedures

• Execute and maintain procedures accurately and consistently calculating production rates, downtime, and change-over times for department performance measures.
• Developing a standardised policy and procedure of the standard costing system, such as inventory management, cost allocation and new product development (NPD) calculation.
• Ensuring that cost accounting transactions align with GAAP, company policy and IFRS.

Reporting / Analysis

• Variance analysis, sales reporting, balance sheet reconciliations and profit and loss.
• Prepare monthly reporting and analysing actual versus budget/forecasts.
• Proactively analysing costs and supporting relevant departmental managers.
• Interpreting Cost of Sales

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