Cost Accountant Manager at Momentum Metropolitan Holdings Limited

Requirements

• Bachelor of Commerce with articles
• CIMA / CA(SA) added advantage
• 3-5 years’ experience in a similar role
• Microsoft Excel proficiency (Advanced level)
• Proficient in Financial services, life insurance would be advantageous
• Listed company experience preferable

Duties & Responsibilities

Process:

• Manage the annual expense budget process for the Momentum Investments business unit within Momentum Group guidelines. This entails providing expert advice to the business in terms of the process to be followed and the feasibility of budgets submitted in view of prior expense trends and business/ operational plans.
• Ensure a robust cost allocation mechanism is in place through periodical activity-based costing analysis.
• Facilitate monthly expense allocations to ensure that costs are allocated to the appropriate legal entities and according to approved Momentum Investments cost level splits.
• Provide management with insight on monthly expenditure and variations from budget to facilitate business decisions regarding expense management.
• Assist with managing the risk of overspending within the business unit through scenario planning and providing a forecast of associated expenses.
• Perform a headcount analysis to provide information regarding actual versus budgeted headcount, replacement costs, and the cost impact of staff movements.
• Manage high risk and problematic expense management issues in various areas of accountability and contribute to the development of guidelines and policies for the Momentum Investments business unit in alignment with Momentum Group policies.
• Oversee Intercompany and interdivisional expense charges for the support functions. This involves providing insight on allocation basis applied.
• Manage the integrity of the procurement system to ensure correct authorisation of users and the implementation of financial regulations.
• Act as liaison between the business unit and other Momentum Group functions on matters pertaining to expense management.

Client

• Continuously monitor turnaround times and quality standards and resolve issues speedily to enhance client service delivery.
• Deliver on service level agreements made with clients and internal and external stakeholders to ensure that client expectations are managed.
• Make recommendations to improve client service and fair treatment of clients within area of responsibility.
• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.

Manage budget and implement sound financial controls

• Contribute to the financial planning process within area.
• Identify opportunities to enhance cost effectiveness and increase operational efficiency.
• Provide input into the risk identification processes and communicate recommendations in the appropriate forum.