Cost Accountant (56877) at Ntice Sourcing Solutions

Job Description

• Our client who is in the manufacturing space is looking for a Cost Accountant, based in Pinetown, KZN
• The purpose of this role is to implement and manage cost-saving systems that support the company's cost optimisation efforts and enhance financial decision-making

Duties and Responsibilities:

Cost Accounting System Improvement

• Enhance and maintain cost accounting structures, including BOM accuracy, labour rates, run times, overhead allocations, and scrap percentages.

Cost Accounting & Analysis

• Update and manage standard costing systems.
• Perform product costings, variance and margin analysis, and report under-recoveries.
• Monitor machine rates, PPV, WIP, tooling and maintenance variances, and BOM accuracy.
• Reconcile actual vs standard material costs and identify cost-saving opportunities with Operations.

Budgeting, Forecasting & Management Reporting

• Support annual budgets, forecasts, and departmental reporting.
• Track and report budget performance, cost variances, and customer recovery margins.
• Manage tooling project budgets and load requisition budgets in Syspro.

Inventory Valuation & Control

• Perform inventory valuation (IAS2), cycle count adjustments, BOM cost implosions, and investigate variances.
• Create stock codes, support stock audits, and assist with physical inventory checks.

Financial Accounting Support

• Assist with audit queries related to inventory and cost of sales.
• Support the Financial Manager with ad hoc projects.

Minimum Requirements:

Education and Experience:

• Degree in Finance / Cost Accounting.  CIMA preferred
• Minimum 7 years' experience in a similar position within the manufacturing sector  

Knowledge and Skills:

• MS Suite, Syspro
• Strong financial analysis skills
• Production process understanding