Cost Accountant

Recruiter:

Boardroom Appointments

Job Ref:

JHB004481/DH

Date posted:

Thursday, May 26, 2022

Location:

Durban, South Africa

Salary:

Market Related Monthly

JOB SUMMARY:

Our client is looking for a Cost Accountant who is brilliant at the basics and is able to lead with integrity and respect in order to provide management accounting support and insight for the relevant customer / principal / depot.

JOB DESCRIPTION:

Education and Minimum Requirements:

Minimum 2 years management accounting experience, including commercial reporting and costing Minimum qualification is a BTech in Management accounting.
Preferably a B.Com or equivalent and studying towards CIMA/CA. Sound financial and numerical acumen with commercial accounting experience. Advanced MS Excel and working experience on SAP. Experience using Power BI will be an advantage Cost accounting principles and practices.
TM1 utilization. Costing principles, practices and performance indicators.
Business strategies, targets, processes and economics.
Ability to multi-task with good time management skills.
Pay strict attention to detail and accuracy.
Excellent communication skills and interpersonal skills. Ability to work under pressure and meet tight deadlines.
Willingness to work overtime when required and go the extra mile

Responsibilities

Budgeting and Forecasting

Prepare budgets and forecasting timetables.
Assist in the preparation of the annual budget and quarterly forecast pack for presentation to Management Accountant. Reporting Collate information for timeous and accurate reporting Streamlining existing processes and paper trails to reduce the risk of human error and improve speed of information delivery.
Ensure all reports balance and documented investigation of variances.
Developing a broad knowledge base of the organisational processes and policies.
Staying fully informed of operational objectives, performance and critical trends.

Engaging with Management Accountant through presentation of the monthly commercial report and follow-up sessions where appropriate in order to provide the business with the tools to make informed strategic decisions, implement change and maximise profitability.
Analyse and explain KPI fluctuations and variances. Provide monthly commentary for submission to the Commercial Manager

ABC Model

Understand the ABC Model and cost drivers.
Understand the SAP cost centres and the upload into TM1 to assist in variance explanations. Assist with annual escalations, efficiency measures and contracts Variance Analysis Perform revenue recons to assist in investigations and audits to support accuracy & completeness of revenue Provide commentary on the monthly reporting packs and variance analysis.
Financial Management Analyse costs against budgets and forecasts.
Provide input driving optimisation of efficiencies in the depot environment.
Analyse actual KPI’s versus budget and work with the teams to address areas of non-conformance or concern proactively and timeously

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