Cape Town: Management Accountant (Manufacturing exp) (CPT Onsite) posted by Datafin
Posted on 2025-06-17 00:00:00
| Employer | Datafin |
|---|---|
| Category | Other IT/Computer |
| Location | Western Cape / Cape Town |
Job Summary
Cape Town – Western Cape – South Africa
- Calculate and analyse standard costs for products, materials, labour, and overhead within the manufacturing environment.
- Maintain and update cost accounting systems to ensure accurate allocation of costs to products and services.
- Perform variance analysis (e.g., material, labour, overhead) and provide insights to drive cost reduction initiatives.
- Lead cost modelling efforts for new products and production processes, ensuring that manufacturing costs are aligned with pricing strategies and profitability goals.
- Lead the monthly, quarterly, and annual group consolidation process, ensuring accurate and timely consolidation of financial results for all subsidiaries and entities.
- Prepare consolidated financial statements in accordance with group accounting policies and applicable accounting standards (e.g., IFRS, GAAP).
- Ensure that intercompany transactions are properly eliminated, and any necessary adjustments for group reporting are made.
- Prepare Management Accounts, including profit and loss statements, balance sheets, and cash flow statements for both individual entities and the consolidated group.
- Provide variance analysis and interpret financial results to identify trends, risks, and opportunities.
- Review performance against budget, forecast, and prior periods, providing insights and recommendations for improvement.
- Prepare reports for senior management, highlighting key financial metrics and advising on actions to improve business performance.
- Coordinate the annual budgeting process for manufacturing operations, as well as group-wide financial planning, including sales, production costs, and overheads.
- Provide input into the group-level forecast process, ensuring that manufacturing and operational data are accurately reflected.
- Assist in developing financial models to project future performance and capital requirements at both the subsidiary and group level.
- Provide monthly and quarterly forecasting support, revising projections based on actual performance and business changes.
- Oversee and ensure accurate Inventory Management, including raw materials, work-in-progress, and finished goods, across manufacturing sites.
- Lead the monthly reconciliation of inventory values, ensuring compliance with accounting policies and financial standards.
- Support inventory control processes by identifying cost-saving opportunities related to raw materials, production efficiency, and Supply Chain Management.
- Provide detailed financial analysis on product profitability, cost structure optimization, and capital expenditure planning for both the Manufacturing division and the broader group.
- Conduct break-even analysis, margin analysis, and other profitability studies to guide pricing decisions, cost reductions, and investment strategies.
- Support strategic decision-making, including make-or-buy analysis, plant efficiency studies, and profitability assessments for new product lines or market segments.
- Ensure compliance with financial regulations and accounting standards (e.g., IFRS, GAAP), including managing the financial reporting requirements of the group.
- Work closely with external Auditors during year-end audits, ensuring timely and accurate delivery of financial data for group consolidation and individual entity audits.
- Ensure that robust internal controls are in place for financial reporting, cost accounting, and inventory management.
- Coordinate with internal and external stakeholders to ensure compliance with tax regulations and financial reporting standards.
- Continuously identify opportunities for process improvements across financial reporting, cost accounting, and consolidation workflows.
- Recommend and implement improvements to ERP systems and accounting processes to enhance data accuracy, financial efficiency, and automation.
- Support cross-functional teams (e.g., Production, Operations, Procurement) in aligning financial reporting practices with operational activities and business objectives.
- Bachelors Degree in Accounting, Finance, or related field (Essential).
- Professional Accounting qualification (e.g., CIMA, ACCA, ACA) or progress toward qualification is highly desirable.
- At least 4-6 years of experience in Management Accounting or Finance, with significant exposure to Cost Accounting and financial reporting in a manufacturing or multi-entity environment.
- Hands-on experience with group consolidation, intercompany eliminations, and multi-entity reporting processes.
- Proficiency in using ERP systems (e.g., SAP, Oracle, Microsoft Dynamics) and Advanced Excel skills (pivot tables, financial modelling, macros).
- Knowledge of IFRS, GAAP, and other relevant financial regulations, particularly as they apply to group consolidation and multi-entity environments.
- Expertise in cost control, budget management, and financial forecasting, particularly within a manufacturing context.
- Familiarity with Tax Planning and cross-border financial management.
- Experience in driving process improvements, including the implementation of automated systems for financial reporting and consolidation.
- Knowledge of Lean Manufacturing principles and cost optimization techniques.
- Strong analytical skills, with the ability to translate complex financial data into actionable insights for both manufacturing operations and group-level decision-making
- Excellent communication and interpersonal skills, with the ability to liaise with senior management and various departments across the organization.
- Detail-oriented and organized, with the ability to manage multiple priorities and deadlines in a fast-paced environment.
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