Cost Management Accountant - Engineering at Prostaff Holdings (Pty) Ltd

Minimum requirements for the role: 

• A BCom Accounting degree is essential.
• A completed CIMA preferred.
• Have 5-7 years of experience in a similar role.
• Must have ERP system experience, MS Office with solid Excel skills and PowerBi.
• IFRS standards knowledge is preferable.
• Be able to work effectively within a team, whilst balancing own priorities.
• Be flexible and responsive to changes in the business that impact financial processes and reporting.
• Have strong information monitoring and analytical skills.

The successful candidate will be responsible for:

• Weekly forecasting of sales / cost of sales / margin / overheads & EBIT.
• Cashflow forecasting and variance analysis.
• Forecasting project closures / ppt’s / cost and margins.
• Income statements, balance sheet and cash flow statements.
• Compiling and submission of the annual budget.
• Contract budgeting – actual vs. planned cost with variance analysis.
• Analysis of contract cost.
• Capex budget against cost.
• Manpower budget vs. actual.
• Reviewing of revenue and cost centre variances.
• Accounting of hours and recovery analysis.
• Actual vs. planned with variance analysis.
• Project cashflows actual against budget.
• Performing trend analysis and actively evaluating project cost and schedule performance.
• Reviewing cost centre cost and advising cost centre managers on improvements.
• Monitoring major cost and highlighting cost savings on expense accounts where necessary.
• Working closely with key stakeholders to identify project risks and leading the cost and schedule contingency management process for assigned projects.
• Tender reviewing.
• Developing controls systems and procedures.
• Applying, processing and adhering to reporting requirements to SARB, Tax and DTI Incentives.
• Negotiating facilities ensuring company liability is maintained regards to Bank limits and Guarantees.
• Developing dashboards to communicate cost and schedule performance in real time.
• Providing monthly management reports.
• Managing project control audits with regards to policies, procedures, and systems.
• Assisting with the audit packs and accounts reconciliations and queries.
• Reviewing analysis and reporting on the proposed new systems.
• Participating in the business process, development and design and implementation – Member of steering committee.
• Reviewing present financial policies and procedures.
• Following strict procedures and processes dictated by ISO processes and company procedures.
• Developing accounting procedures to improve process and controls where necessary.
• Reporting and accounting as per regulatory and legal requirements.
• Ensuring adequate control measures are in place in terms of security, confidentiality and documentation.
• Monitoring business transaction, claim liability and legal rights and obligations.
• Reviewing Insurance agreements and ensuring insurance is in place.
• New vehicle documentation, insurance and vehicle tracking devices.
• Ensuring all exchange risks are covered in terms of the Company’s policies.
• Setting credit limits for every debtor and reviewing debtors’ applications.
• Setting weekly collection targets.
• Reporting on overdue debtors and action steps required.
• Reviewing of all debtors’ limits.