Durban: Cost and Management Accountant posted by Tower Group

About the Role

Our client in the automotive manufacturing industry is seeking a Cost and Management Accountant to join their team based in Mobeni. The successful candidate will play a crucial role in providing financial management support to the organization, analyzing financial data, and making recommendations for cost savings and process improvements.

Key Responsibilities

• Participate in organizational strategy management from a financial management perspective
• 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
• Prepare and review details product costing analysis for all new parts
• Analyze 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.
• Work closely with technical team to ensure integrity of the control sheet
• Work 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 assist 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.
• 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
• Work 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
• 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
• Manage colleagues and clients expectations and communicate 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

Requirements

• Grade 12
• Bachelor of Commerce / Diploma in Financial Accounting
• Minimum 2 to 3 years experience in management accounting role
• Automotive Industry and Manufacturing Environment experience

Qualifications

No formal qualifications mentioned.

Salary & Benefits

Salary information not provided.