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Durban: Cost and Management Accountant posted by Abantu Staffing Solutions

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Job Description

About the Role

We are seeking a highly skilled Cost and Management Accountant to join our team in Durban. As a key member of our finance department, you will be responsible for providing financial analysis and support to management and operational areas of the business. You will also be involved in organisational strategy management from a financial management perspective, as well as participating in cost accounting and costing initiatives.

Key Responsibilities

  • Provide Financial analysis and support to management and all operational areas of the business
  • Participate in organisational strategy management from a financial management perspective
  • Maintain and update accounting system (ERP: BPCS)
  • Ensure compliance with internal control
  • 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
  • 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
  • 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
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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

Qualifications

  • Bachelor of Commerce / Diploma in Financial Accounting

Salary & Benefits

Salary: TBD

How to Apply

Click the green “Go Apply” button below to apply directly online with the employer.

About Other Finance/Accounting Jobs in Kwazulu-Natal

In Kwazulu-Natal, South Africa, the finance and accounting profession is a vital component of various industries, contributing to the country’s economic growth and stability. Typically, job seekers in this field can expect to find opportunities across a range of sectors, including financial services, technology, manufacturing, and more.

Generally speaking, salaries for finance and accounting professionals in Kwazulu-Natal vary widely depending on factors such as level of experience, company size, industry sector, and specific role requirements. Typically, junior positions in this field may command salary ranges between R400 000 to R700 000 per annum, while senior roles can fetch salaries between R1 million to R3 million per annum or more. However, it’s essential to note that these are broad estimates and actual salaries can vary significantly based on individual circumstances.

Common skills for finance and accounting professionals in Kwazulu-Natal include proficiency in financial software such as SAP, Oracle, or Microsoft Dynamics, as well as strong analytical and problem-solving skills. Typically, candidates with a degree in finance, accounting, or related fields, as well as certifications like the CFA or CA (South Africa) designation, are highly sought after. Other essential skills often include excellent communication and leadership abilities, as well as the capacity to adapt to changing business environments.

Various industries commonly employ finance and accounting professionals, including the financial services sector, technology industry, manufacturing sector, and more. The financial services sector is particularly prominent in Kwazulu-Natal, with many banks, insurance companies, and other financial institutions operating in the province. Technology companies are also increasingly looking for skilled finance professionals to manage their finances and operations.

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Career development opportunities for finance and accounting professionals in Kwazulu-Natal are numerous. Typically, senior roles may involve managing teams of junior accountants or financial analysts, while more experienced professionals can move into leadership positions such as Chief Financial Officer (CFO) or Director of Finance. Others may choose to specialize in areas like forensic accounting, tax consulting, or risk management, offering a range of career progression paths and opportunities for advancement.


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



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