Cost and Management Accountant

SUMMARY:
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POSITION INFO:

Overview:

To provide overview and analysis of COS and Gross Contributions Stats at division level, as well as assist with Sales related projects and complete ad-hoc feasibility projects for Financial Executive.

Minimum requirements: 

• Grade 12
• National Diploma: Financial Accounting (or equivalent)
• 5+ years’ experience in a Management Accounting role
• Experience in a manufacturing environment essential
• Experience in automotive manufacturing environment advantageous

Responsibilities:

Cost Accounting:

• Prepare and review details product costing analysis for all new parts
• Analysis all current parts and make recommendations for the financial recovery on distressed parts.
• Calculate and propose potential price increases
• Review GP percentage of individual BOM’s and identify distress parts
• Participate in continuous improvement initiatives.

Costing:

• Provide indicative “what-if” costings and impact on profitability for: New Product Generation and Specification to existing products.
• Worked closely with technical team to ensure integrity of the control sheet.
• Worked closely with factory accountants to facilitate an understanding of and ensure that most current costs (both production and distribution) are used when calculating the profitability.
• Effectively communicate and present findings as well as recommendations to the commercial manager, business development manager, technical team and the rest of the cross functional team.

Costing Analysis:

• Provide meaningful profitability information and recommend ways to optimise OEM profitability and project profitability for new business.
• Recover margin in underperforming categories by highlighting commercial impact (margin enhancement vs volume opportunity) and assisted in strategic decision making.
• Support the business development managers in the use of system tools regarding costing and profitability.
• Support Commercial manager in considering product rationalisation, mix comparisons and other business improvement opportunities.
• Challenge product enhancement opportunities.
• Attend customer and commercial meetings to provide insight to ongoing projects and commercial items.

Reporting:

• Create a platform within quarterly profitability review to evaluate the success of project post launch review, providing insight and learnings which can be taken into future launches.
• Develop suitable standard of commercial reports that will provide insight, stimulate further discussion, and assist in decision making across RFQ patch.
• Weekly tracking of costings done to create visibility of projects manage workload with project and customer team

General Finance:

• Provide Financial analysis and support to management and all operational areas of the business.
• Maintain and update accounting system (ERP: BPCS)
• Ensure compliance with internal control

Financial Strategy:

Participate in organisational strategy management from a financial management perspective.