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  • Posted: Mar 11, 2022
    Deadline: Not specified
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    RCL FOODS is a leading African food producer in South Africa with a market capitalisation of R13 billion and employing more than 20 000 people in operations across South and Southern Africa. We manufacture a wide range of branded and private label food products which we distribute through our own route-to-market supply chain specialist, Vector Logistics. ...
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    Management Accountant - Westville

    Job Description    
    Are you ready to take on a new challenge in your career? RCL FOODS is currently looking for a Management Accountant to join the Vector Logistics team based at our Head Office in Westville. The role reports to the Commercial Manager and requires an analytical individual with commercial and costing experience. The Management Accountant will be responsible to provide management accounting support and insight for the relevant customer / principal / depot

    Minimum Requirements    

    • Minimum of a National Diploma in Accounting/Management Accounting
    • Qualified CIMA / CA(SA)
    • 3 to 5 years management accounting experience, including commercial costing and some exposure to processing or manufacturing environments
    • Costing system (TM1 ABC costing) experience will be advantageous

    Duties & Responsibilities    
    New Business Costing:

    • Manage new opportunities from start to finish including sourcing raw operational data from relevant internal technical experts and external reports, preparing a final presentation to the exec board detailing the final proposal, options considered, and sensitivity analysis on flexible assumptions.
    • Provide commercial insight into variances of cost drivers develop a broad knowledge base of the organizational processes and policies, stay fully informed of operational objectives, performance, and critical trends, highlight focus points for the month, expose core issues, and generate action plans and assigned responsibilities with key business partners.
    • Engaging with Commercial Manager on developing an appropriate commercial report to provide the business with the tools /insights to make informed strategic decisions, logic-based policies, and implement positive change that ultimately drives profitability.
    • Assist in the review and actioning of TM1 variance reports prepared using data extracted from TM1. Analyze and explain KPI fluctuations and variances.

    ABC Model:

    • Understand the ABC Model and cost drivers including understanding the back-end integration of SAP cost centers upload into TM1 so clear end-to-end assistance can be given on variance analysis.
    • Managing the data accuracy and reconciliation (i.e completement and relevance) in the TM1 Costing system
    • Streamlining existing processes and paper trails to reduce the risk of human error and improve the speed of information delivery.
    • Investigate and present to Commercial Manager recommended changes to the TM1 costing model as a result of changes in the business and document once fully approved by the relevant LOA. Maintain data process flows and present changes at commercial team meetings to keep the key users fully informed.
    • Finance management and Variance Analysis:
    • Participate in business-wide investigations and audits to support initiatives designed to control costs and maximize profits. This includes analyzing proposed initiatives on cost allocation (as a result of trials or changes in specifications) and assisting with data collection of new business proposals for proper KPI tracking.
    • Manage and perform a full PIR (post-implementation review) process where actuals are measured against costings with insights on key assumption variances and potential action points to close gaps where they exist.
    • Analyze actual KPIs versus budget and work with the teams to address areas of non-conformance or concern proactively and timeously. (both centrally and regionally)
    • 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.
    • Take proactive steps in creating a technology-savvy way of working and self-development.

    Team Coordination:

    • Take ownership and accountability for tasks and activities and demonstrate effective self-management in terms of planning, prioritizing, 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 being 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 a willingness to help others and “go the extra mile” to meet team targets and objectives. Champion training and development of self and others through utilizing 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.
    • Ensure deliverables are submitted on time and with the right level of accuracy and form.

    Closing Date: 19th, March 2022

    Method of Application

    Interested and qualified? Go to RCL Foods on rcl.erecruit.co to apply

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