Job title: Cost Accountant
Company: Network Recruitment
Job description: Are you passionate about precision in financial management? Do you thrive in dynamic environments where every detail counts?
My client is seeking a meticulous Cost Accountant to join their team and drive excellence in cost control and financial oversight.
This position is based in Johannesburg East.
Duties:
- Develop and maintain standard costs utilizing a robust, activity-based model, in collaboration with procurement and operations, ensuring accuracy in new product costings and updates to existing standards.
- Efficiently manage the uploading and monitoring of new and revised bill of materials, ensuring timely updates to support operational efficiency.
- Deliver weekly reports on factory performance, providing insightful analysis for the current month to facilitate informed decision-making.
- Monitor and follow up on open orders, addressing long outstanding orders to maintain smooth operations.
- Execute month-end activities including accruals, transaction cut-offs, and account validations, ensuring accuracy and integrity in financial reporting.
- Proactively identify and manage variances on a daily basis, collaborating closely with the cost analyst and escalating issues to site management when necessary to minimize losses.
- Conduct monthly reporting and analysis of material variances, under/over recoveries, and continuous improvement projects, driving efficiency and cost savings.
- Support department heads with cost control, budgeting, and forecasting, providing valuable insights and assisting with revisions or simulations as needed.
- Ensure transparency in cost-related decisions, communicating the financial impact of major strategic initiatives to stakeholders across the organization.
- Thoroughly investigate and evaluate capital and operating expenditures, ensuring expected returns are realized through meticulous analysis and planning.
- Uphold internal controls and standard operating procedures, facilitating compliance and providing support during audits and assessments.
- Identify and champion cost improvement opportunities, actively contributing to improvement projects and validating proposed savings.
- Reconcile and validate inventory, fixed assets, and related balance sheet accounts, ensuring accuracy and integrity in financial records.
- Participate in stock takes, adhering to standard operating procedures and facilitating inventory management, including authorization of write-offs when necessary.
- Provide ongoing guidance and support to the cost analyst, reviewing outputs and ensuring timely delivery to meet organizational needs.
Job Experience and Skills Required:
- Completed CIMA
- FMCG Manufacturing industry experience will be advantageous
- Minimum of 3 to 4 years’ experience in a similar position
- Experience working on Oracle is beneficial
- Management experience is preferred
If you are interested in this opportunity, please apply directly. For more finance jobs, please visit
If you have not had any response in two weeks, please consider the vacancy application unsuccessful. Your profile will be kept on our database for any other suitable roles/positions.
For more information please contact:
Marcus Koekemoer
Expected salary: R700000 – 800000 per year
Location: Johannesburg, Gauteng
Job date: Wed, 13 Mar 2024 01:18:53 GMT
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