Management Accountant at RCL Foods

Closing Date:2020/07/14
Reference Number:RCL200629-3
    
Job Description    

• RCL FOODS is currently looking for a Management Accountant to join the team based at our Head Office in Westville. The role reports to the Commercial Manager and requires an analytical individual with commercial and costing experienceThe Management Accountant will be responsible to provide management accounting support and insight for the relevant customer / principal / depot.

Minimum Requirements    

• Qualified CA(SA) or Studying towards / Completed CIMA
• 3 to 5 years management accounting experience, including commercial costing and some exposure to processing or manufacturing environments
• FMCG or Logistics experience will be advantageous
• SAP experience will be advantageous

Duties & Responsibilities    

• Budgeting and Forecasting
• Prepare budget and forecasting timetables.
• Assist in the preparation of the annual budget and quarterly forecast pack for presentation to Commercial Manager

New Business Costing

• Extract base level data for new business costing
• Execute first cut of costing for submission to Commercial Manager

Reporting

• Oversee, analyse and interrogate results in TM1 by customer and depot: managing the focused delivery of an accurate monthly scorecard.
• Understanding and managing of the data accuracy and reconciliation in TM1
• Streamlining existing processes and paper trails in order to reduce the risk of human error and improve speed of information delivery.
• Overseeing the balancing of all reports, sign off on recons and documented investigation of variances

Publish weekly and monthly “snap-shot” reports as required by the business in an accurate and timely manner by:

• developing a broad knowledge base of the organisational processes and policies.
• staying fully informed of operational objectives, performance and critical trends.
• focusing on the compilation of a monthly commercial reporting pack that highlights focus points for the month, exposes core issues, generates action plans and assigns responsibilities.
• engaging with Commercial Manager through presentation of the monthly commercial report and follow-up sessions where appropriate in order to provide the business with the tools to make informed strategic decisions, implement change and maximise profitability.
• Assist in the review and actioning of TM1 variance reports prepared using data extracted from TM1.
• Analyse and explain KPI fluctuations and variances.
• Provide monthly commentary for submission to the Commercial Manager.

ABC Model

• Understand the ABC Model and cost drivers
• Understand the SAP cost centres and the upload into TM1 to assist in variance explanations
• Provide commercial insight into variances of cost drivers month on month.
• Prepare presentation of major variances to Commercial Manager
• dentify changes in the business that need to flow through the model and table
• Maintain data process flows and present changes at commercial team meetings

Variance Analysis

• Participate in investigations and audits to support initiatives designed to control costs and maximise profits.
• Provide commentary on the monthly reporting packs, ABC model month on month variance analysis
• Analyse proposed changes to cost allocation (as a result of trials or change in specifications) and assist with data collection of new business proposals. Calculate the actual impact of changes that have been made and new cost allocation and present to the Commercial Manager.

Financial Management

• Analyse costs against budgets and forecasts.
• Provide input driving optimisation of efficiencies in the depot environment.
• Analyse actual KPI’s versus budget and work with the teams to address areas of non-conformance or concern proactively and timeously.
• Analyse all input costs within the cost centre.
• Implement cost management initiatives within the team.

Information and Data Management

• Ensure team members accurately and regularly capture data into the information system to enable access to reliable data and reporting for trend analysis and decision making.
• Share relevant data with management teams to enable reliable business decision making.
• Take responsibility for data accuracy and completeness for the relevant model.

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.
• Ensure deliverables are submitted on time and with the right level of accuracy and form.