Cost Accountant - Pietermaritzburg at Accountancy Placements

• Our client is seeking an experienced and analytical Cost Accountant to join their professional team in a dynamic manufacturing environment.

Responsibilities:

• Analyse manufacturing costs and prepare reports comparing standard costs to actuals, identifying variances and providing clear explanations
• Maintain and update Work Centre rates to ensure accuracy and alignment with current operational data
• Oversee inventory valuation and ensure accurate cost allocation for raw materials, labour, and overhead, including overtime, scrap, and factory efficiency monitoring
• Collaborate closely with engineering, production, and management teams to resolve cost discrepancies and update Bills of Materials (BOMs) as needed
• Monitor Work in Progress (WIP) and Capital Work in Progress to ensure accurate reporting and control
• Prepare monthly factory cost reports, including reconciliations with daily estimated cost reports, to ensure accurate financial records
• Support budgeting and forecasting activities by providing detailed cost analyses and identifying cost-saving opportunities
• Ensure compliance with financial regulations and internal controls and prepare supporting documentation for audits and other relevant purposes

Requirements:

• Bachelor’s degree in accounting, finance, or a related field
• 5 – 10 years of experience in standard cost accounting, preferably within a manufacturing environment
• Proficiency in accounting software (preferably SYSPRO) and strong communication skills
• Strong understanding of cost accounting principles and practices
• Exposure to Microsoft Business Central and Power BI is advantageous
• Willingness to work closely with operations and spend time on the factory floor is essential