Durban: Cost and Management Accountant posted by Abantu Staffing Solutions
Posted on 2025-04-29 00:00:00
Employer | Abantu Staffing Solutions |
---|---|
Category | Other Finance/Accounting |
Location | Kwazulu-Natal / Durban |
Job Summary
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
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