Senior Cost and Profitability Analyst at SBV Services (Pty) Ltd.

Description

Develop and Maintain Cost Modelling across the business

• Oversee and understand costing models developed by Cost Accountants to extract, interpret and analyse information
• Responsible for improving upon existing processes, assist with developing new costing models and consolidate all models within the business
• Adopt, understand and apply relevant costing methodologies to determine whether the company is using its resources correctly, highlighting inefficiencies and capacity levels to management
• Responsible for the end-to-end data validation process, report discrepancies to data owners and provide input to mitigate data gaps
• Keep abreast with industry standards, cost allocation methodologies and usage, incorporating into SBV’s processes where appropriate
• Collate cost and revenue information from various cost models for analysis and interpretation of end-to-end cost and profitability reporting
• Function within several cost system frameworks supporting standard and forecast unit costs, variance reporting, maintenance activities and operational metrics
• Model various scenarios for predictive analysis in line with strategy initiatives
• Develop and maintain consolidated cost models for cost visibility, cost-effectiveness, cost transparency and costs traceability across the business at various levels (Regional, Cash Centre level, by product, by customer)
• Adopt and produce Costing information aligning to cost structures and principles in accordance with the approved SBV economic model

Perform Cost Analysis and interpret data to assist with costing across the business

• Analyse and interpret financial data to produce statistical information to assess the present and future performance of the organisation 
• Understand the end-to-end profitability of the business to perform scenario planning and analysis for making predictions on company trends, performance and profitability
• Conduct market research to remain aware of the latest industry developments and analyse internal data to understand costs and identify opportunities for improvements
• Analyse key underlying events, triggers and drivers of costs to identify cost savings opportunities and assist the organisation with the implementation thereof
• Provide recommendations to business to improve efficiencies in operational processes, including the most profitable and economical plan for a service offering

Responsible for the relevant reporting

• Compile all necessary information and or reporting from the cost accountant team, submitting a consolidated view to Head of Costing for final review
• Prepare and present Income Statement by Tier classification
• Review all direct costs and overhead variances, including performance indices and provide reports to the relevant stakeholders
• Analyse, track and distribute organizational expenses and profitability reports by region, by cash centre, by product and by customer
• Provide data to relevant stakeholders from a cost perspective to assist in the feasibility of the business’ new initiatives
• Compile trend analysis, Predictive Forecasting and Benchmark reporting and distribute and present to management
• Prepare and issue monthly, quarterly, and annual results for businesses supported and present to MANCO
• Compile and distribute monthly executive dashboards including trend analysis, volume metrics and variance analysis and review with business partners on an ongoing basis • Provide accurate and timely financial information to all relevant stakeholders
• Prepare reports and analyse year on year and multi-year trends on factors affecting standard cost changes as well as the impact on prices and profitability of products 
• Monitor and track expenses within approved departmental budget
• Asist with any additional reports as needed

Engage with internal and external stakeholders

• Create visibility and awareness around the costing culture and implement activities for reliable results
• Collaborate with internal stakeholders to initiate, drive and embed the costing culture within the organisation
• Engage in costing conversations across all management levels to determine reporting requirements
• Work closely with Commercial and Operations Management to understand information requirements across business, including pricing strategies and engagements with customers, process improvement, efficiencies and capacity management
• Engage with Finance regarding accounting entries, GL account maintenance for alignment and data translation between Finance and Cost & Management Accounting functions
• Collaborate with BI team in defining and providing costing report specifications to populate MIS reports using suggested reporting tools
• Deliver timely responses to internal and external queries
• Provide support to relevant stakeholders for cost information, new business opportunities and relevant insights for the organisation
• Facilitate the effective usage and interpretation of cost allocations and unit cost data 
• Contribute to team efforts by participating in special projects, providing reporting and performing other duties as needed

Monitor Compliance across the business

• Continuously test for compliance and improve control deficiencies / weaknesses that affect product costing and data accuracy
• Review the integrity and accuracy of master data affecting product costing, by engaging with data owners
• Recommend and adopt processes in adherence with controls and compliance
• Report any noncompliance to the relevant managers

Drive the organisation culture within one’s centre

• Drive the department’s values while inspiring confidence and generating excitement, enthusiasm and commitment towards the mission.
• Serve as a leader of the culture program driving the desired behaviours and encouraging employee engagement
• Create and implement strategies in collaboration with Change Management & HR to evaluate and maintain employee satisfaction
• Drive Transformation and BBB-EE initiatives to ensure sustainable alignment to the company scorecard

Provide leadership to employees within the organisation, creating a winning culture and high morale Lead as an Ambassador and executor of Change

• Act as a change management architect in periods of change to ensure continuity to operations
• Manage the integration of CIT and Processing into a seamless end to end solution for customers
• Effectively communicate and embed new processes and procedures as they occur addressing or escalating matters / concerns to the SME’s (subject matter experts) when required
• Facilitate the necessary presentations, workshops or forums in order to ensure consistent and accurate communication is given across one’s centre/s

Requirements

Minimum Requirements: Work Experience

• 5 Years’ Costing, Analysis and/or business reporting experience of which 3 years’ Experience in technical cost accounting and financial modelling practices

Minimum Requirements: Education

• Bachelor’s degree /Diploma in Finance, Business or equivalent

Special Requirement

• CIMA or equivalent
• Experience in finance business partnering