COST AND MANAGEMENT ACCOUNTANT

SUMMARY:
To provide financial insights and analysis to support strategic decision-making within an organization. They analyze financial data, prepare budgets and forecasts, and implement cost-saving measures to improve operational efficiency.

POSITION INFO:

To provide financial insights and analysis to support strategic decision-making within an organization. They analyze financial data, prepare budgets and forecasts, and implement cost-saving measures to improve operational efficiency.

Key Responsibilities:

- Financial Records keeping

- Recording approved supplier transactions in the accounting system

- Reconciliation of supplier accounts for review and approval

- Submission of supplier payments for review and approval

- Reconciliation and follow-up of prepayments

- Recording of approved customer transactions in the accounting system

- Reconciliation of customer accounts for review and approval

- Recording fixed assets depreciation in the accounting system

- Identification of fixed assets purchasing

- Reconciliation of fixed asset register

- Calculation of value-added taxation for review and approval

- Submission of VAT returns

- Recording of Manufacturing transactions

• Financial reporting

- Assist in the preparation of financial statements

- Assist in engagements relating to audit of financial statements

- Assist in internal audits of financial operating systems

- Familiarity with International Financial Reporting Standards (IFRS) or other applicable standards.

- Detailed Cost reporting on manufacturing costs and processing costs

- Detailed Inventory reporting

- Proficiency in preparing and analysing manufacturing costs

Cost Management:

- Deep understanding of cost accounting principles, particularly standard and absorption costing.

- Ability to calculate production costs, monitor variances, and implement cost-saving initiatives.

- Knowledge of the full cost structure within smelting operations (e.g., raw materials, energy costs, labour).

- Ability to analyse operational and financial data to provide insights for cost management and manufacturing

Budgeting and Forecasting:

- Ability to create and manage budgets specific to smelting operations.

- coordination and recording of engagement relating to budget planning

Industry-Specific Knowledge:

- Familiarity with the mining and smelting industry, including production cycles, raw material procurement, and market trends.

- Understanding of commodity price fluctuations and their impact on cost.

Compliance with governance

- Knowledge of regulatory and compliance requirements within the mining/smelting industry.

- Compliance with company policies and procedures

Software Proficiency:

- Advanced skills in ERP systems (e.g., NetSuite, Sage) and accounting software.

- Expertise in using Excel for complex financial modelling and analysis.

The successful candidate will have to meet the following minimum requirements:

Education

- Grade 12 or equivalent.

- Bachelor’s degree in accounting or finance.

Experience

- Minimum of 5 – 7 years’ experience in cost accounting, or a related role, demonstrating a strong understanding of cost accounting principles and practices

- Minimum of 3 years’ experience in a mining or manufacturing environment

- Advanced proficiency in Microsoft Excel, financial modeling and Oracle Netsuite/ Sage /SAP

Competencies/Skills

- Accurate reconciliation of accounts.

- Ability to calculate production costs, monitor variances, and implement cost-saving initiatives.

- Excellent knowledge of accounting principles and standards.

- Proficiency in financial software (Oracle Netsuite, Sage ).

- Ability to work under pressure and meet deadlines.

- Accountability

- Innovation

- Initiative

- Attention to detail

- Integrity

- Professionalism

- Ability to perform well without close supervision

- Ability to handle complaints