Cost and Management Accountant: FAMP & FAT RSA (Gauteng) at Fraser Alexander

Description
PURPOSE

• An exciting opportunity exists for a Cost and Management  Accountant to assist the business in making critical business decisions by analysing and presenting key financial data in preparing forecasts, budgets and performing risk/variance analysis. Implementing effective cost management techniques to maximise profits and reduce costs.

Requirements

RESPONSIBILITIES 

Operational

• Develop systems or procedures for accumulation systems and/or cost accounting functions
• Predict, plan and record variable costs
• Review and analyse actual costs to identify opportunities for reductions and anomalies to maximise profits
• Determine and recommend cost-effective solutions
• Analyse financial data and trends to guide strategic decision
• Develop and maintain financial models that drive business performance
• Perform month-end and year-end closing activities, inventory and other
• Assisting with audit requests and processes
• Provide actionable insights to enhance profitability and cost efficiency
• Work closely with cross-functional teams to support business objectives
• Recommend cost allocation techniques to contract level
• Assess inventory valuation methods for appropriateness and monthly valuations performed in line with reporting standards
• Ensure financial accounting related to revenue and costing is completed in a timely and accurate manner

Reporting

• Gather and compile cost information and maintain database concerning expenses by Divisional and site level
• Analyse reports and tools that identify cost exceptions and working with cross-function teams to predict and improve the cost production
• Evaluate project’s performance using key data
• Review, analyse and report actual profit margins
• Recommend ways of cutting costs
• Ensure accurate and timely preparation of management reports by Divisions and by site
• Conduct variance analysis - deep dives to enhance profitability of projects
• Assist in preparing and supplying operational finance information to Divisions

Budget and Forecast

• Assist with the annual budget preparation and reporting process
• Provide support in preparing necessary operations’ annual budget reports
• Track budgeting and costs and ensure spending is in line with budgets
• Develop and maintain forecasts to assist projects planning and decision-making

Governance

• Ensure the Divisions are compliant with relevant legislation (Income Tax Act, Value Added Tax Act, etc.) including legislative amendments and industry best practices
• Advise on solutions to relevant stakeholders
• Assist in preparing the annual audit file for external Auditors, various reconciliations and assist external Auditors with queries
• Assist with the internal audit during annual internal audit process

Team Management

• Manage the day-to-day activities of the team
• Provide support and assistance to the team to fulfil their responsibilities
• Coach, train and develop the team
• Manage delivery of services against SLAs entered
• Transactional Shared Services / Financial Accounting

Prepare monthly journals

• Review reconciliations performed by team
• Review cost allocation of purchase requests
• Prepare reconciliations of general ledger accounts
• Provide quality accounting support and technical advice to key internal stakeholders
• Ensuring completeness of transactions on the system on a timeous basis

QUALIFICATIONS

• CIMA / CGMA / BCom Accounting
• Articles or Chartered Accountancy qualification will be advantageous

EXPERIENCE

• Minimum five years related experience in a construction, mining or tailings environment
• SAGE ERP experience would be an advantage
• Contract allowance accounting experience

SKILLS, QUALITIES AND ABILITIES REQUIRED

• Technical
• Report writing
• Analytical
• Financial and budget control
• Mentoring and Coaching
• Good performance management
• Communication, conflict handling and interpersonal