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Durban: Cost Accountant

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Job Description

1. Cost Accounting System Improvement. Establish and allocate indirect material usage to BOM. Maintain and allocate standard labor cost rates to work centers. Establish and allocate set up time to BOM work centers. Review and update product run times. Establish and update scrap percentage for all sub-assemblies 2. Cost Accounting & Analysis Maintain and update standard cost systems and ensure correct allocation of overheads. Conduct regular product costings , variance analysis and margin analysis and feedback to Commercial on under recoveries. Update machine rates in Syspro and report on Actual vs Recovery. Generate PPV reports and clear variances on a weekly basis. Analysis and clear Tooling and Maintenance Job variances. Close of Tooling and Maintenance jobs. Daily review of WIP accounts. Monthly presentation on slow-moving and obsolete stock. Manage Bills of Material (BOM) Reconciliation of actual material cost against standard. Collaborate with operations to track production costs and identify savings opportunities. 3. Budget & Forecasting and Management Reporting Assist in preparation of annual budgets and periodic forecasts. Distribute weekly departmental budget spend reports. Update weekly operations budget performance charts and present on variances and proposed action plans. Report on Tooling project budget variances. Load monthly requisition budgets in Syspro. Prepare departmental profit reports and report on variance between actual and customer recovery rate. 4. Inventory valuation and control. Calculate inventory valuation in accordance with IAS2. Process daily cycle count adjustments. Create new stock codes in Syspro. Investigate high cycle count variances with Logistics team. Perform weekly / monthly Bom cost implosion. Participate in stock audits and physical inventory checks. 5. Financial Accounting Support audit queries related to inventory and cost of sales. Assist Financial Manager with ad hoc projects.

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About Accounting / Finance Jobs in eThekwini

The accounting and finance industry is a vital component of eThekwini’s economy, providing essential services to businesses, governments, and individuals. Generally, job seekers in this field can expect a stable and secure career with opportunities for growth and development. Typically, roles in accounting and finance are found across various industries, including financial services sector, technology industry, manufacturing sector, and public sector.

Salaries for accounting and finance professionals in eThekwini vary widely depending on factors such as experience, company size, and industry sector. Common salary ranges for entry-level positions typically start between R200 000 to R300 000 per annum, while senior roles can range from R500 000 to R800 000 or more. However, these figures are general estimates and actual salaries may vary significantly. It is essential to research the specific job market and industry trends to determine realistic salary expectations.

Common skills required for accounting and finance roles in eThekwini include proficiency in financial software, such as SAP or Oracle; strong analytical and problem-solving skills; excellent communication and interpersonal skills; experience with budgeting, forecasting, and financial analysis tools; a solid understanding of tax laws and regulations; and a degree in accounting or finance. Additionally, many employers require candidates to hold relevant professional certifications, such as the Chartered Accountant (SA) designation.

Accounting and finance professionals can be found across various industries, including financial services sector, technology industry, manufacturing sector, and public sector. The financial services sector is often a major employer of accounting and finance professionals in eThekwini, while the technology industry also provides many opportunities for growth and development. Other industries, such as manufacturing and construction, also require skilled accounting and finance professionals to manage their finances effectively.

View Job  Stellenbosch: Accountant

Career development opportunities are abundant in the accounting and finance field, with many employers offering training and development programs to help employees advance in their careers. Typically, experienced accountants can move into senior roles or take on leadership positions within their companies. With experience and additional certifications, accountants can transition into management roles, such as financial controller or accountant manager, or pursue career paths in finance consulting or public practice.


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



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