Cost Accountant Lead

SUMMARY:
A leading organization within the FMCG industry is looking for a Lead Cost Accountant to join their dynamic team.

POSITION INFO:

Minimum Requirements:

• CA(SA) OR CIMA Completed
• 8 years’ experience in the FMCG or Manufacturing industry
• Operational experience is essential
• System experience on Oracle/ SAP
• Minimum 3 years’ experience in supervisory role

 Responsibilities:

• Setting, uploading and monitoring standard costs (using a fully absorbed, activity-based model) with the assistance of procurement and operations.
• Accurate and timeous loading of new and amended bill of materials
• Reporting weekly on factory performance for the current month
• Reviewing and following up on open orders, long outstanding orders.
• Perform month-end accruals, cut-off transactions, reallocations and validation of accounts for the period close on a monthly basis.
• Pro-actively manage variances on a daily basis with the cost analyst, escalating to site
• management for action, in order to minimize losses
• Perform monthly reporting and validation of material variances, under and over recoveries and continuous improvement projects
• Report on and assist department heads with cost control, budgeting and forecasting
• Ensure full transparency of costs and financial impact to the organization of major or strategic decisions relating to the factory or cluster of responsibility
• Ensure that capital and operating expenditure and other scenario-based calculations are properly investigated, detailed and yield the expected returns.
• Ensure that internal controls at the unit are adequate, regularly monitored, compliant with standard operating procedures and to assist with preparation and support during audits and self-assessments.
• Seek for and support cost improvement opportunities, be an active contributor to improvement projects and initiatives, validate and review proposed savings.
• Reconcile and validate inventory, fixed assets and related balance sheet accounts.
• Attend stock takes and ensure adherence to standard operating procedures including assisting with the authorization of inventory write-off
• Provide ongoing guidance and support to cost accountants within your manufacturing cluster including the review and timeous delivery of outputs within your team.

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