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Johannesburg: Cost Accountant – CIMA, City Deep

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Job Description

Minimum requirements for the role: A BCom in Management Accounting, or CIMA Management Level is essential for this role. Proven work experience working as a Cost Accountant in a manufacturing environment is essential. Thorough knowledge of accounting procedures and IFRS. Previous experience working with accounting software, for example Sage X3 and CaseWare is preferred. The ability to understand engineering drawings would be beneficial. Must have a strong understanding of standard costing, variance analysis, and product cost modelling. Advanced Excel and data analysis skills. The successful candidate will be responsible for: Analysing, tracking, and controlling manufacturing costs to support strategic decision-making and enhance profitability. Determining and calculating overhead and labour costs. Analysing production and operational costs. Managing the budgets (expense and Capex) for the factory. Preparing investment proposals for the factory. Compiling monthly management accounts and reports and analysing and reporting on daily sales and profit margins. Calculating and updating standard costs and costing for new products as required as well as calculating the selling price of products. Reviewing standard and actual costs for inaccuracies and identifying and recommending cost-effective solutions. Participating in the preparation and consolidation of annual budgets and quarterly forecasts for factory costs and capital expenditure. Monitoring actual versus budgeted costs and investigating variances, providing commentary and actionable insights. Salary package, including benefits, is highly negotiable depending on experience gained.

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About Accounting / Finance Jobs in Gauteng

In Gauteng, South Africa, the accounting and finance industry is a significant sector, offering various career opportunities for professionals with the right skills and qualifications. Typically, this field is driven by the growth of multinational corporations and local businesses in industries such as technology, financial services, and manufacturing. As a result, job seekers can expect to find a diverse range of roles available, from entry-level positions to senior leadership roles.

When it comes to salary expectations, accounting and finance professionals in Gauteng can generally expect to earn salaries that fall within broad ranges. Typically, salaries for entry-level roles start around R400 000 – R600 000 per annum, while more senior roles can command salaries ranging from R1 million to over R3 million per annum, depending on factors such as experience, company size, and industry sector. However, it’s essential to note that these are broad ranges, and actual salaries may vary widely.

Common skills required for accounting and finance roles in Gauteng include strong technical knowledge of financial management principles, analytical and problem-solving skills, attention to detail, effective communication skills, and proficiency in financial software and systems. Additionally, many employers also value candidates with experience in budgeting, forecasting, and financial analysis. In some cases, a degree or diploma in accounting, finance, or a related field may be required.

Industries that commonly employ accounting and finance professionals in Gauteng include the financial services sector, technology industry, manufacturing sector, and public sector entities. These sectors require skilled professionals to manage their finances, prepare budgets, and provide strategic guidance on financial matters. Job seekers can expect to find opportunities across these sectors, from small businesses to large multinational corporations.

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For those interested in pursuing a career in accounting or finance, there are many development opportunities available. Typically, professionals in this field can progress to senior roles, such as financial manager or director of finance, after gaining relevant experience and developing their skills. Additionally, many employers offer training programs and mentorship opportunities to support the career development of their employees.


This information provides general career guidance. Actual salaries and requirements vary by employer.



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