Management Accountant at RCL Foods

Job Description    

• RCL is on the hunt for an experienced Management Accountant to join our Pies Division. The successful incumbent will be responsible for maintaining the Product Costing, Cost Centre Accounting and Sales and Profit modules and will need to provide commercial decision-making and costing system maintenance support focused on product costing and cost center accounting.

Minimum Requirements    

• Preferable a CIMA B.com (Hons or CA (SA)
• Preferably 3 to 5 years management accounting experience, incorporating commercial costing and some exposure to processing or manufacturing environments.
• Minimum 5 years management experience within an FMSG environment

This position requires an analytical person within depth knowledge of the FMCG Industry, with Following computer skills:

• Microsoft Excel – Expert
• Microsoft Outlook, Word & PowerPoint – Proficient
• Microsoft SQL Server – Proficient
• SAP– Proficient

The individual must have Conflict management and communication skills

• Excellent Report writing and problem-solving ability
• The successful incumbent must be a logical and analytical
• In depth knowledge of multi-level BOM’s and WIP within an integrated inventory system

Duties & Responsibilities    

• Reporting
• Upload, correct, reconcile and balance weekly/monthly reports.
• Review daily and weekly product costing reports.
• Compile a weekly and monthly report of actual raw material usage against standard and:
• Validate the logic of the costing system standard usage calculation against the actual usage.
• Engage QA and Processing in order to investigate variances between standard and actual consumption levels.
• Update BOMs and material master where necessary.
• Prepare a monthly product costing report together with appropriate explanations for the monthly management accounting pack.
• Coordinate weekly committee meetings with operational managers to formulate action plans, discuss results of audits and the impact on profitability.
• Review the monthly reconciliations in product costing and cost centre accounting to ensure accuracy and completeness.
• Upload and reconcile the monthly general ledger.
• Generate the flexed budget report and conduct investigations to identify and address variances.

Product Costing

• Budgeting and Forecasting
• Coordinate the budget and quarterly forecast costing process including:
• Uploading the general ledger
• Uploading production
• Uploading pricing
• Testing throughput
• Testing man loads
• Testing consumption rates
• Testing activity quantities
• Calculate regional quarterly/budget standard and actual product costs.

Product Cost Integrity

• Maintain BOM’s, Routings and the product costing system.
• Develop, oversee and drive momentum of continuous BOM and routing audit processes to be conducted by Processing and QA resources.
• Coordinate investigations and audits with the MACS Management Accountant and Plant Managers to support initiatives designed to control costs and maximise profitability.
• Review and provide insight into proposed changes to product costs (as a result of trials or change in specifications) and new product proposals.
• Maintain the integrity and support proper execution of the NPD approval process.
• Load new BOM’s for trial codes requested from Master Data
• Calculate and implement any approved changes to product costing, clearly outlining the impact of such changes on the cost base and ultimately, profitability.
• Monitor, review and provide feedback on the actual impact of changes that have been made and new product costing as part of the “post launch” process.

Project Coordination

• Assist in the compilation of Capex motivations and other irregular requirements.
• Conduct ad hoc projects and feasibility studies in respect of product profitability.

Information and Data Management

• Accurately and regularly capture data into the information system to enable access to reliable data and reporting for trend analysis and decision making.

Team Coordination

• Take ownership and accountability for tasks and activities and demonstrate effective self-management in terms of planning, prioritising and self-development.
• Follow through to ensure that quality and productivity standards of work are consistently and accurately maintained.
• Inform relevant parties in the event of tasks or deadlines not met, the potential risks thereof and provide appropriate resolution.
• Support and drive the business core values.
• Manage colleagues and clients’ expectations and communicate appropriately.
• Demonstrate willingness to help others and “go the extra mile” to meet team targets and objectives.
• Champion training and development of self and others through utilising available training opportunities or contributing to the development of new training solutions relating to product costing in collaboration with national training specialists.
• Participate in and drive regular performance appraisals and ensure that own targets and goals are clear and achievable.
• Maintain a basic appreciation and awareness of employee relations climate and ensure corrective action is taken where required in line with relevant legislation and company policy.