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 be responsible for providing financial analysis and support to management, maintaining and updating accounting systems, and ensuring compliance with internal control procedures.

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.