Durban: Cost and Management Accountant posted by Tower Group
Posted on 2025-05-21 00:00:00
| Employer | Tower Group |
|---|---|
| Category | Other Motoring |
| Location | Kwazulu-Natal / Durban |
Job Summary
Our client in the automotive manufacturing industry is seeking a Cost and Management Accountant to join their team based in Mobeni
MINIMUM 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
MAIN JOB FUNCTIONS
- 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
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