Cost Accountant - Olifantsfontein, Ekurhuleni

Overall Responsibility: This position is responsible for managing and maintaining cost standards as well as ensuring that inventory, labour, and other ERP system records are accurate within the Supply function. Responsible for ensuring correct allocation to schedule of cost codes and ensuring provision and maintenance of site premises, through managing client relationships and managing contract finances and information.

Focus Area 1 

BOM Management Bill of Materials (BOMs)

• Accuracy, creation and subsequent maintenance


• Maintaining and updating accuracy of all current BOMs Generate new product recipes and costing of new BOMs with accurate Standards Assist in cost accounting activities including standard cost development, average pricing analysis, margin and cost ratio analysis, inventory control, variance analysis, etc


• Work with the purchasing and production teams to ensure bills of materials (BOM) are accurate and up to date; review and audit BOM’s to ensure they reflect the latest practices


• Accurate Price and Usage


• Standard Costing of BOMs Accurate maintenance of all BOMs standard descriptions and master date fields


• Protecting the integrity of Budget standards with limited or no changes to Standards without review, sign off and approval, load


• Budget Standards annually into ERP System


• Generate Costing BOMs for Contract Packaging opportunities

Focus Area 2

WIP Management

• Tickets and maintaining accurate inventory movements between warehouse, brewing and production


• Track the flow of inventory through the ERP system


• Work with manufacturing to ensure cycle counts are accurate and reconciliations of staging areas are complete.


• Accurate capturing and reflection of production plans in ERP Effective utilisation of ERP, processing allowed BOMs usages per standards against accurate actual usage


• Initial review of all production variances for accuracy, eliminating obvious input errors


• Timely closure of all production batches


• Tracking production performance through accurate variance analysis, documenting review and learn insights and monitoring subsequent corrective action plans


• Produce various daily/ weekly/period/quarterly production analysis and variance reports for Management review

Focus Area 3

Inventory Management / Purchase Order Management for Supply function

• Ensure Production Tickets, Capturing Production Tickets to reflect production plans and actual material used WIP and staging counts, verification and reconciliation of Inventory balance report to general ledger


• Inventory ID set up and stock items master data management


• Month end production inventory counts confirmations and reconciliation of variances
  
  

Focus Area 4

Reporting 

• Produce various daily/ weekly/period/quarterly production analysis and variance reports for Management review


• Perform WIP Variance Analysis and WIP Balance sheet


• Inventory reconciliations


• Collaborate with the Leadership team to determine the true cost of process inefficiencies and establish data analysis tools for effective reporting


• Establish actual cost using standard/job cost methods


• Compile and prepare variance report data comparing standard costs to actual production costs


• Participate in the monthly close process


• Prepare month end general accruals and account reconciliations and perform a variety of other routine accounting tasks that support forecasting, budgeting, and internal control activities


• Provide a variety of routine office and clerical support as required including the preparation of documents, spreadsheets, presentations, or other communication as well as providing back-up support to the accounting department as required


• Perform all other duties/special projects as assigned
  
  

Requirements of the Role

• Degree/Diploma in Accounting 


• Proficient knowledge of accounting principles and cost accounting principles
  


• Minimum of 2–4 years of experience in similar role, preferably in a manufacturing or production environment


• Proficient with Microsoft Office applications including Excel, Word, and PowerPoint
  


• Familiarity with ERP systems - Syspro (advantageous)


• Strong analytical and communication skills required with ability to support continuous Improvement and other cost savings initiatives
  


• Understands operations process flow with basic knowledge of financial analysis


• Must be detail-oriented, have strong research, problem-solving, and analytical skills, and have the ability to communicate with all levels of staff, vendors, and management


• Must be able to work in a fast-paced environment with demonstrated ability to juggle multiple competing tasks and demands
  

Preferred Skills/Competencies

• Good communication and interaction skills with people on all levels in the organization


• Strong ability to multitask and prioritise


• Willing to be challenged and work well within a team


• Excellent planning and organizing ability


• Strong Analytical Capability

NB: Specific duties/responsibilities will vary from time to time: the above list is intended to indicate the general nature of the post and is not exhaustive. The post holder will be expected to be flexible in supporting the business by undertaking any other responsibilities which are aligned with this job level.