Cost Accountant - Manufacturing

SUMMARY:
MAIN PURPOSE The main purpose of this position is to calculate the costing of products and services, based on the costing policies. The costings will be for all outgoing quotes and tenders of Transformers.

POSITION INFO:

QUALIFICATIONS AND EXPERIENCE

• Matric with higher grade Mathematics and Accountancy, required.
• Relevant costing/financial qualification, required.
• At least 2 years relevant estimating/costing experience in the Manufacturing industry is required preferable in the transformer industry.
• Ability to work accurately with numbers under pressure.
• Proficient in MS Office Suite: Advance knowledge of Excel.
• Knowledge of Syspro will be advantageous.
• Knowledge of CRM systems is preferred

DUTIES AND RESPONSIBILITIES

• Maintain a database of costs for the various types of material/product and compare costs of the items in the industry.
• Through discussion with management in the various departments, compile and maintain the overhead cost allocation
• Work with the industrial engineering department, monitor and maintain the times used during the routing phase.
• Update database with costing tables to enable the estimation of costs (for tender purposes) to be within stipulated percentage of actual costs.
• For jobs concluded, compare costing of the product to the actual cost allocated and investigate/analyse major differences.
• Calculate minimum selling prices using the agreed mark up, based on Costing principals.
• Submit prices to sales and proposals department and liaise with procurement on supplier and cost issues.
• Identify complex problems and review related information to develop and evaluate options and implement solutions.
• Request managers to review the payroll allocation of staff to ensure correct costing and planning.
• Work closely with the planning department in order to complete and present the efficiency reports to management
• Work closely with the planning department to analyse and ensure that warranties and rework are coded and posted to the relevant jobs and that costs are accumulated correctly. 
• Calculate, maintain and update fixed and variable overhead recovery rates quarterly on Syspro.
• Run job reports to show all the expenses related to a job and verify the accuracy of these costs and refer to accounts for billing.
• On a monthly basis analyse costs in comparison to budgets and revenues.
• Compile production/sales cost reports on unit or total working units: calculate individual items (i.e. labour, material, overhead expenditure etc.)
• Prepare reports showing total cost (split between material, labour and overhead allocation, selling prices or profit rates for project and executive managers.
• Through the calculation and submission of costings, the applicant must be able to help management determine if a product or service should be discontinued, identifies areas for expansion and is necessary for setting prices for customers.
• The candidate must be a professional, mature and experienced individual
• Keep record of market information and pricing received and support his costings conclusions with market information.
• Review actual vs expected costings once jobs have been concluded and closed.
• Report back to management any inconstancies identified which require attention.  

NB! This job is now closed. You can apply for other jobs by uploading your CV.