Management Accountant (46090) at Ntice Sourcing Solutions

Job Description

• Our leading manufacturing client in the upper highway area is lookiing for a senior Cost and Management Accountant to report directly through to the Financial Manager.

BOM Costing and Analysis

• Manage the costing function for all new Bill of Materials (BOMs).
• Continuously analyze and verify current BOM costings in line with recipe changes and raw material availability.
• Report on BOM adherence and the impact on cost of sales, including identifying actions to reduce substitution costs.

WIP and Floor Operations

• Investigate Work-In-Progress (WIP) variances to identify BOM deviations and measure their effect on cost of sales.
• Provide operational support on the production floor to ensure recipe adherence, BOM accuracy, and consistency in kit issuing.
• Conduct physical testing and verification of inputs and BOM costing directly on the production floor.

Process Improvement and Controls

• Implement process improvements to reduce kit issue failures and ensure BOM accuracy.
• Maintain and enhance internal controls and Standard Operating Procedures (SOPs).
• Track factory performance against technical KPIs and develop production efficiency and value-add metrics.

Margin Analysis and Pricing

• Compile and review daily margin analyses, including channel service costs, to ensure pricing stability and contract margin adherence.
• Provide daily exception reporting to Sales and Production teams.
• Manage customer growth incentive calculations and monthly provisions.

Project and System Support

• Support Management Accounting (Man Acc) projects during scoping, testing, implementation, and post-project reviews.
• Provide operational and floor-based insights to improve systems and production knowledge.

Labour and Overhead Costing

• Maintain and improve labor and overhead costings on Syspro.
• Monitor and report on over/under-recoveries monthly, identifying inefficiencies and productivity opportunities.
• Lead implementation of overhead allocations, including department- and product-specific breakdowns.

Standard Cost and Price Variance (PPV) Reporting

• Backup support for raw material price uploads (weekly ZBC and monthly standard costs).
• Investigate and report on daily/monthly PPVs and standard cost variances.
• Recommend standard cost adjustments when PPVs are exceptional.

Stock Management

• Monitor internal stock movements and warehouse stock controls affecting Cost of Sales (COS).
• Support and facilitate month-end stock takes, including weekend activities.
• Perform stock and WIP variance analysis as needed.

General Reporting

• Conduct ad hoc reporting and analysis upon request.

Key Relationships

Internal:

• CFO, Financial Manager, Finance Team, Production Management, Plant Employees

External:

• External Auditors

Required Skills and Experience

• Qualification: CIMA qualified
• Experience: Minimum 5 years in a large manufacturing plant
• Systems: Proficient in Syspro ERP
• Specialized Knowledge:
• Strong operational and stock control experience
• Costing and variance analysis expertise