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Durban: Cost & Management Accountant




Date 2024-05-16
Job Title Cost & Management Accountant
Employer
More Information
Salary
Category Accounting Finance
Location eThekwini
/ Durban

Job Summary

The Person: B.Com Degree in Cost & Management Accounting or equivalent. Min. 2 to 3 yearsâ?? experience in a management accounting role. Automotive Industry and Manufacturing environment experience essential. The Job: Report to the Finance & Commercial Manager: 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. Maintain and update accounting system (ERP: LX). Ensure compliance with internal control. Cost Accounting: Prepare and review detailed product costing analysis. Analyse all current stock and make recommendations for the financial recovery on distressed stock. Calculate and propose potential price increases. Review GP percentage of individual BOMâ??s and identify distress stock. Participate in continuous improvement initiatives. Costing: Provide indicative â??what-ifâ? costings and impact on profitability for: New Product Generation and Specification to existing products. Ensure most current costs are used when calculating 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. Cost Analysis: Provide meaningful profitability information and recommend ways to optimise OEM profitability and project profitability for new business. Recover margin in under-performing 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. Attend customer and commercial meetings to provide insight into 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. Work closely with IT to automate reporting where possible. Weekly tracking of costings done to create visibility of projects. Competencies: Good sense of structure, processes and controls. Experience in managing/supervising staff. Good grasp of Brilliant Basics. 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. Manage colleagues and clientâ??s expectations and communicate appropriately. Demonstrate willingness to help others and â??go the extra mileâ? to meet team targets. Participate and drive regular performance appraisals and ensure that own targets and goals are clear and achievable.

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Cost & Management Accountant position available in eThekwini, Durban. This job position was posted by . The job has been posted on 2024-05-16 in the Accounting Finance category

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