Assistant Accountant: Manufacturing & Projects at South African Bank Note Company

Main Responsibilities (not limited to):

Manufacturing Accounting

• To document and maintain the standard process costing system including policies and procedures.
• Maintain and ensure the accuracy of the bill of materials and individual product costing.
• Analyse variance against standards including reasons and assist with action plans.
• Ensure accurate stock valuation, including raw materials, work in progress, cost of sales and the valuation of waste.
• Ensure the revaluation of stock from standard to actual at financial year-end.
• Maintain the integrity of the inventory and production modules in the ERP system.
• Conduct monthly inventory counts and reconciliation to the inventory modules.

Project Accounting

• To ensure adherence to a sound Project Financial Management Framework (PFMF) that will support the strategy of the company in accordance with International Financial Reporting Standards (IFRS).
• To provide guidance on the Project Investment Decision-Making Models used by the business to inform sound financial decision making.
• To monitor project costs against budgets and cash flow forecasts on an ongoing basis to ensure compliance to approved budgets.
• To prepare comprehensive management accounts and report monthly to the relevant stakeholders on projects.
• To coordinate and ensure project capital costs are correctly budgeted for by stakeholders monthly.
• To provide support and financial guidance to internal and external stakeholders on project financial management related matters in order to optimise the company’s financial performance and business opportunities.

The Preferred Candidate is likely to have:

• B Comm (Hons) Accounting or Management Accounting or equivalent
• CIMA or studying towards CIMA will be advantageous
• Minimum 3 to 5 years’ experience in manufacturing/costing accounting.