Cost Accountant (Mpumalanga) at Tiger Brands

Job Description
THE JOB AT A GLANCE:

• You will be responsible for the accurate and timeously calculation and loading of the fully absorption cost for all SKU’s. You will also be responsible for the monthly reporting and validation of including but not limited to product mix, volume, conversion cost, productivity, efficiency, and manufacturing expense, summarize key
• findings and draw management’s attention and support for action. Conducting required cost review and valuation of stock and ensuring compliance with internal
• control requirements.

Responsibilities

WHAT YOU’LL BRING TO THE TABLE:

• Working with Procurement to ensure accurate costs
• Responsible for the accurate and timeously calculation of the Fully Absorption Cost for all SKU’s. 
• Thereby ensuring that all aspects of the manufacturing process are taken into account and reflected correctly on the ERP system
• Accurate and timeous loading of new bills of material for the Manufacturing units, based on the Costing Pack accurate and timeous loading of change to existing bill of materials
• Monthly reporting and validation of yield, purchase price and manufacturing variances
• Conducting required cost review and valuation of stock
• Monitor and control manufacturing expenses
• Ensuring compliance with internal control requirements
• Calculate the savings realised for cost savings projects based on the actual production volumes
• Develop the reports and review with Finance Manager Costing for approval before sending them to unit and supply management.
• Challenge assumptions in seeking cost improvements in factory. Seek for and support cost improvement opportunities, be an active contributor to improvement projects and initiatives validate and review proposed savings. Partner with Engineering to manage costs and review capital proposals.
• Compile reporting of actuals (including organizing and overseeing timeliness and accuracy of period end close, and promoting ownership of data at source); and dynamic forecasts for the factory; ensure transparency of this process; follow up and monitoring of progress to close gaps, ensuring financial policies, Accounting Standards and Costing Standards are followed
• Participate in business planning; prepare and coordinate the factory budget with factory management; Perform revisions or simulations if needed. Work with team
• members to develop new product costing in accordance with costing standards.
• Ensure full transparency of costs and financial impact to the organisation of major or strategic decisions relating to the factory

WHAT YOU WILL BE MEASURED ON

• No purchase price variances due to incorrect standards
• Actual vs standard cost variances explainable and correct costing pack available when it is required by the manufacturing unit, technical department or NPD
• Customer satisfaction
• Factory controls
• ROI and Capex evaluations

Qualifications
ESSENTIAL SKILLS & QUALIFICATIONS:

Key Attributes and Competencies

• Conceptual, analytical thinking and creative in problem solving
• Strong communication skills and be able to liaise with a variety of nonfinancial functions.
• Strong initiative and confident to handle complexity, work under pressure and manage short lead time deliveries
• Excellent computer and Oracle skills
• Strong experiences in shop floor process controlling and be able to identify the problems timely by reviewing the daily operation’s figures
• Experienced in budgeting procedures, financial reporting and analysis, cost analysis and standard costing, capital application processing.

Experience

• Minimum of 3 5 years' experience in a FMCG manufacturing facility.
• Relevant finance qualifications
• Experience in similar business partner roles