Cost Accountant

Job Function

Control costs via preferential contracts with suppliers, monitoring contract rates vs actual costs, evaluating suppliers, preparing tenders for new business, assist in designing process flows and work flow requests

Duties / Responsibilities:

• Costing of new business & RFQs (tenders) from OEMs & other customers: responsibilities included but not limited to, costing of all expenses, setting up of working papers to match reply sheets, site visits for costs driver analysis, liason between the engineering department & finance department, attendance of cost negotiations with potential client, online bidding preparation, preparation for executive summary approval such as Return on investment calculation etc.
• Create budgets for each operations and monitor performance of operations against budget and RFQs
• Source new suppliers and evaluate against actual performance
• Review invoices from suppliers and compare to agreed contractual rates
• Review creditors reconciliations for payments and identify area of overspend
• Develop work flow processes and requests on Prisma
• Assist with month end – journals & reporting
• Experience in costing / budgeting etc. and understanding of logistics and warehousing

Minimum Requirements:

• Bachelors Degree in finance/accounting/management accounting (3 years) / NQF level 7 (Bachelors degree / NQF level 7. For example, a BA, B Com, BSc or equivalent 3 year degree)
• Up to 3 years’ experience
• Economics and Accounting — Knowledge of economic and accounting principles and practices and the analysis and reporting of financial data