Cost Accountant (JB1133)

Cost Accountant (JB1133)
Location: Industria West, Johannesburg
Salary: Negotiable up to R40 000 per month TCTC
Duration: Permanent

Manufacturing company, established over 50 years ago with branches across South Africa, has an opening for a Cost Accountant with strong leadership skills to join them.

The Cost Accountant position is accountable for the ongoing analysis of process constraints, costing projects, margin analysis, and tracing costs back to underlying activities. The person is responsible for constructing and monitoring cost-effective data accumulation systems needed to provide an appropriate level of costing information to Management.

Duties: 

Inventory Transaction

• Standard Cost Updating

• Updating of Costing Models (Excel)

Labour and Overhead costing

• Maintain the line items for direct materials, labour and overhead on the bill of material or recipe for each product.
• Preparing standard cost budgets for manufacturing.
• Calculate, analyze, account for, and report monthly cost variances for direct materials, direct labour, indirect labour, and manufacturing overhead.
• Assist sales with product pricing using an already defined methodology.
• Updating and uploading of Customer and supplier contract prices.

Compliance with Legislation

• Execute and maintain procedures accurately and consistently calculating production rates, downtime, and change-over times for department performance measures.
• Developing a standardized policy and procedure of the standard costing system, such as inventory management, cost allocation and new product development (NPD) calculation.
• Ensuring that cost accounting transactions align with GAAP, company policy and IFRS.

Reporting / Analysis

• Purchase Price Variance Analysis
• Stock Revaluation Analysis
• Monthly Stock Take & Reporting

Requirements: 

• ND Cost & Management Accounting / B Com Accounting / CIMA Strategic Level or Associate member
• 3+ years of accounting/finance experience, or 5+ years’ experience in a manufacturing environment.
• Syspro ERP Knowledge
• Translution Scanning solution – knowledge + experience (Added advantage)
• ODBC Queries
• Advanced Excel skills