Management Accountant (EE), Johannesburg – Ref: 1205270-3


Ref: 1205270-3

Job Description:

From an accounting perspective our client has been a relatively simple operation to manage, and the current structure of operating a non-integrated accounting function has enabled the company to function with minimal accounting overheads. Operationally however the company is complex in terms of the number of components managed, the assembly processes, the number of operating customer accounts and the number of transactions processed. Furthermore, the growth in the value of their revenue inflows and cost outflows are such that accounting errors can have a serious impact on the results and performance of the company. Complimenting this is the ever increasing requirement for operational information called for by their parent company in order to assess local performance as well as to provide data for their complex production planning program.

The ideal incumbent for this position will hold a recognised cost accounting or finance qualification from a SA University together with 3-5 years of post-qualification experience in a finance costing role, preferably with a multi-national corporation. A CIMA qualification is preferable.

Position details:

Reports to: Administration, Finance & Controlling

Cost Accounting
Daily tracking of costing flow functioning properly and keeping in touch with the involved departments to support corrections.
Review of operating margins at product level in order to ensure that margins are being maintained and costing errors are highlighted and resolved.
Prepare/ Review product and preliminary costings, specific cost impacts and conduct associated procedures.
Maintain financial system integrity to ensure that all costings are applied correctly and timeously, and product cost are complete and accurate.
Maintain costing database (i.e. BOM).
Implement and review changes to item master.
Applied marginal costing where applicable for transfer pricing.
Responsible for the annual Hourly rated determination and roll up process in SAP.
Manage month-end/year-end closure process and perform all Inventory related balance sheet reconciliations, as required.
Monthly management of company COGS including PPV (Purchase price variance including FX impact), Freight variances, Inventory adjustments.
All aspects of inventory management including the annual stock counts and reconciliation of variances (FIFO, GAAP, KPI zero cost inventory).
Monthly monitoring of obsolescence and slow-moving stock provision in line with Company.
Assist with budgets and quarterly forecasts from a COGS (Cost of Goods Sold) point of view. Supply Chain
Business partnering with the, Supply Chain and Operations Department.
Monthly tracking of all supply chain related cost and challenging the Supply Chain department (Finished goods imports, Import Costs).
Follow up with Supply Chain Manager and resolve zero cost inventory.

Financial Accounting and Reporting
Play an active role in improving internal control processes within the Finance, Supply Chain and Operations environment.
Monthly balance sheet responsibility of all Inventory accounts including subledger and obsolescence recons.
Consult with HQ controllership on all COGS related matter.
Monthly reporting responsibility for Supply Chain related reporting (Inventory/ Freight/Freight recovery & Low Margin report).
Preparation and presenting of Ad-Hoc reports or analysis required (Pricing of a specific project, What If analysis, Sales Analysis etc.)

Key Performance Areas
Ensure a detailed understanding of company costing procedures/ process and workings of INVCAP process.
Establish internal control policies and procedures to ensure that INVCAP process is working correctly.
Regular review of Bill of Materials (BOM) to ensure accuracy of costing data.
Compiling and presenting on time and accurate monthly, quarterly and annual costing/profitability reports.
Set up inter-company and business unit information reporting systems which highlights changing sales trends, movements in margins and cost over runs.

Location (country, city): Johannesburg, Gauteng

Job Qualification & Experience:

A recognized cost accounting or finance qualification from a SA university
CIMA qualification is preferable
A detailed knowledge of the SAP informatics system
3 to 5 years of post-qualification experience in a finance-costing role, preferably with a multi-national corporation
Action orientated and results driven
The ability to meet deadlines
Strong computer literacy, full MS Office package – Advanced Excel
Project management skills
Produce work with a high level of accuracy
Problem solving skills in a difficult operating environment (resilience)

Company Description:

Distributor and services provider of world class power transmission.

This advert is being advertised in collaboration with our recruitment partner MCHIR.

Management Accountant (EE), Johannesburg – Ref: 1205270-3


Management Accountant

Management Accountant (EE)

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