Durban: Cost and Management Accountant posted by Abantu Staffing Solutions

Job Purpose:

• To provide overview and analysis of COS and Gross Contributions Stats, as well as assist with sales related projects and complete ad-hoc feasibility projects for Financial Executive. Reporting to the Finance and Commercial Manager.

Minimum Requirements:

• Matriculation/Grade 12 school leaving certificate
• Bachelor of Commerce / Diploma in Financial Accounting
• 2 + years experience in management accounting role within the Automotive Industry or Manufacturing Environment

Main Responsibilities:

Financial Strategy:

• Participate in organisational strategy management from a financial management perspective

General Financial:

• Provide Financial analysis and support to management and all operational areas of the business
• Maintain and update accounting system (ERP: BPCS)
• Ensure compliance with internal control

Cost Accounting:

• Prepare and review details product costing analysis for all new parts
• Analysis all current parts and make recommendations for the financial recovery on distressed parts
• Calculate and propose potential price increases
• Review GP percentage of individual BOMs and identify distress parts
• Participate in continuous improvement initiatives

Costing:

• Provide indicative what-if costings and impact on profitability for: New Product Generation and Specification to existing products
• Worked closely with technical team to ensure integrity of the control sheet
• Worked closely with factory accountants to facilitate an understanding of and ensure that most current costs (both production and distribution) are used when calculating the profitability
• Effectively communicate and present findings as well as recommendations to the commercial manager, business development manager, technical team and the rest of the cross functional team

Costing Analysis:

• Provide meaningful profitability information and recommend ways to optimise OEM profitability and project profitability for new business
• Recover margin in underperforming categories by highlighting commercial impact (margin enhancement vs volume
• opportunity) and assisted in strategic decision making
• Support the business development managers in the use of system tools regarding costing and profitability
• Support Commercial manager in considering product rationalisation, mix comparisons and other business improvement
• opportunities
• Challenge product enhancement opportunities
• Attend customer and commercial meetings to provide insight to ongoing projects and commercial items

Reporting:

• Create a platform within quarterly profitability review to evaluate the success of project post launch review, providing insight and learnings which can be taken into future launches
• Develop suitable standard of commercial reports that will provide insight, stimulate further discussion, and assist in decision making across RFQ patch
• Worked closely with IT to automate reporting where possible
• Weekly tracking of costings done to create visibility of projects manage workload with project and customer team

Effective teamwork, self-management, and management of staff:

• Take ownership and accountability for tasks and activities. Demonstrate effective self-management in terms of planning and prioritising, and self-development
• Follow through to ensure that quality and productivity standards of work are consistently and accurately maintained
• Inform relevant parties in the event of tasks or deadlines not met, the potential risks thereof and provided appropriate resolution
• Support and drive the business core values
• Managed colleagues and clients expectations and communicated appropriately
• Demonstrate willingness to help others and go the extra mile to meet team targets and objectives
• Participate and drive regular performance appraisals and ensure that own targets and goals are clear and achievable
• Maintain a basic appreciation and awareness of employee relations climate and ensure corrective action is taken where required in line with relevant legislation and company policy