Costing Accountant at Omnia (Pty) LTD

Overview    

The Cost Accountant is responsible for ensuring  effective stock control, maintaining of pricing process and variance analysis, by applying the techniques of standard costing specific to the requirements of a manufacturing concern, thereby ensuring accuracy of information provided for informed decision making by stakeholders.

Qualifications    

• BCom Accounting/BTech Cost Accounting or equivalent qualification 
• CA/ CIMA /Post Graduate qualification in Management Accounting advantageous

Experience    

• A minimum of 2 –4 years’ experience at a similar level 
• Manufacturing experience essential

Duties    

• To perform required duties for effective monitoring, control and management of  Inventory 
• To provide key stake holders with product cost of sales based on a set of monthly standard costs for informed business decisions
• To analyse information identifying abnormal variances for investigation and driving the resolution thereof
• Maintain Bill of Materials to ensure accuracy of cost in the system
• Maintaining new cost prices and transport rates monthly
• To provide inventory and pricing support to decentralized Business Units  for effective query resolution
• To provide support to the finance team in effective resolution  of business unit queries 
• To facilitate problem solving sessions for inventory variances etc
• Co-ordinate and control regular Stock Counts for the area under their responsibility
• To finalize month end process by performing close off procedures against deadlines
• To finalize year end process by performing close off procedures against audit deadlines
• To perform reconciliations to monitor the validity of transaction
• Attending stock takes bi-monthly and monthly
• Attending maintenance spares bi-annually and sign stock sheets
• Investigating incorrect capturing of raw material codes and resolving with relevant plant  managers
• Monitoring and managing the Goods-In-Transit and resolving variances timeously
• Submitting stock reports with comments on abnormal costs
• Identifying Usage Variances Losses and verifying them with relevant mangers
• Ensure all relevant work orders are closed and work orders not closed must be listed at month end per Work Order Number
• Ensure accuracy of standard costs and recovery rates
• Analysing the Purchase Price Variances and other and and investigate anomalies  

Job Competencies    

Core Job Related Competencies 

• Extensive practical and theoretical knowledge of Costing and Management Accounting Principles
• In-depth knowledge of financial principles and processes (IFRS, Tax Regulations and other applicable legislation) 
• Good understanding of relevant legislation 
• Good understanding of core business principles and processes , including governance and internal controls
• Good knowledge of manufacturing environment 
• Exceptional communication skills 
• Ability to manage conflict 
• Highly proficient in Microsoft Excel and other applications – Must be able to use data to deliver insights that help business decision making
• Good tax knowledge 
• Interpersonal/ Communication
• Sound interpersonal skills, creativity and ability to mix with other people
• Sound communication skills
• Have a high standard of written English skills  
• Excellent verbal ability, communication, negotiation and presentation skills
• Self-Management
• Proactiveness
• Responsiveness 
• Attention to detail
• Reliability 
• Integrity