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  • Posted: Aug 11, 2025
    Deadline: Sep 6, 2025
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  • Momentum Metropolitan Holdings, formerly MMI Holdings, is a South African-based financial services group was established on 1 Dec 2010, through the merger of Metropolitan and Momentum. We are specialists in long and short-term insurance, asset management, savings, investments, healthcare administration, health risk management, employee benefits and reward...

     

    Senior Cost Accountant

    Role Purpose    

    • To lead and support advanced cost accounting functions including expense forecasting, budgeting, cost analysis, and financial reporting. The Senior Cost Accountant will play a pivotal role in guiding decision-making by providing expert insight on cost control mechanisms, financial trends, and compliance, while  acting as a key liaison between the business and finance functions. 

    Requirements    

    • BCom in Accounting, Cost and Management Accounting, or Finance (NQF 7).
    • 4–6 years’ experience in cost/management accounting, including experience in a financial services or life insurance environment.
    • Strong knowledge of cost allocation models and budgeting processes.
    • Advanced Excel skills; exposure to PowerBI, JDE, IDU, ClickView preferred.

    Preferred:

    • CIMA or CA(SA) 
    • Listed company experience.
    • Familiarity with procurement systems and cost allocations. 

    Duties & Responsibilities    
    Cost Management & Analysis 

    • Perform advanced cost analysis to identify risks, inefficiencies, and areas for financial improvement.
    • Lead the monthly and annual budgeting processes, ensuring accuracy, feasibility, and strategic alignment with business objectives.
    • Maintain and improve cost allocation methodologies (e.g., activity-based costing) and ensure allocations are aligned with business structures and legal entities.
    • Drive scenario planning and forecasting to manage financial risks and support strategic planning.
    • Analyse and report on monthly expenditure trends, headcount analysis, and budget variances with actionable insights. 

    Financial Control & Reporting 

    • Oversee monthly and year-end closing processes in collaboration with the Cost Accountant Manager. 
    • Ensure integrity of the fixed asset register and general ledger accounts.
    • Maintain cost accounting systems and recommend process improvements.
    • Provide timely, accurate, and insightful financial reports and commentary to support strategic decision-making.
    • Support compliance with JDE, IDU, and procurement system governance and controls. 

    Stakeholder Engagement 

    • Act as a finance business partner to senior leaders and non-financial managers, translating financial data into meaningful insights.
    • Lead the resolution of complex queries from business units, JDE, and procurement processes.
    • Collaborate cross-functionally to ensure smooth financial operations, transparent communication, and strategic alignment. 
    • Contribute to finance team development, knowledge sharing, and process documentation.
    • Promote a high-performance culture by modeling leadership behaviors, delivering results, and driving innovation. 

    Competencies    

    • Business acumen & financial insight 
    • Strategic thinking & analytical ability 
    • Strong interpersonal and stakeholder management skills 
    • Excellent written and verbal communication 
    • Drive for results & innovation 
    • Risk awareness & governance 
    • Ability to work under pressure and manage complexity 

    Deadline:15th August,2025

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