Cost Accountant - Factory

SUMMARY:
Responsible for ensuring compliance to all financial procedures in the factory, managing and controlling new systems and different cost saving initiatives and the factory profitability and variance analysis.
The duties include ensuring accurate costing throughout the manufacturing process; variance analysis, stock reconciliations, month-end reporting, and bill of materials on SAP

POSITION INFO:

• Advanced knowledge of mathematics and statistics.
• Understanding of Cost Accounting principles, standards and methodologies.
• Strong financial analysis skills.
• Ability to prepare financial reports and give recommendations based on available data.
• Production process understanding.
• Production orders variance and analysis
• Ability to perform risk and security assessments
• Excellent attention to detail
•  Effective communication, including writing, speaking and active listening skills

• Basic VAT knowledge.
• Understanding of Management Accounting  concepts.

• Create, amend and manage Bills of Material. (BOM)
• Ability to translate formulations into BOM’s.
• Cost estimate creation and maintenance; monthly report to CFO
• Product costing understanding and ability to cost             products from receipt supplied (marginal, ABC)
• Scrap factor determination.
• Generating the company’s production reports using and expenditure data.
• Upload new standard cost and release cost estimates in SAP

• Production process understanding; TECO, ERTR, REL, CLSD
• Solid understanding of production GRV and consumption, including monthly balancing accruals.
• Production order variance and analysis; monthly report to CFO
• COOIS understanding and analysis.
• Standard cost methodology understanding, creation, maintenance and monthly analysis.
• Review WIP account daily.

• Ability to work with factory staff (warehouse, production, production planning, etc.).
• Lead the factory staff and assist them with correct process flow.
• Monthly reporting and presentation on slow moving and obsolete stock as well as provision adjustments.
• Weekly presentation of factory non-conformances and financial adjustments.

• Check and approve GL account and cost centre on purchase requisitions.
• Assist in checking and signing off creditor’s recons.
• Asset creation in SAP
• Process monthly journals.
• Assists with audit queries that relate to inventory and cost of sales

• Production report.
• Sales report.
• PPV report.
• Inventory turnovers and manufacturing costs reports.
• Monthly spend analysis report.

• Check and sign-off daily cycle counts adjustments.
• Challenge and investigate all high variances with warehouse team members.
• Organise, coordinate, participate and complete the annual stock take.

Behavioral Attributes

• Manufacturing Finance
• Finance ERP systems
• Assist relatively small team with Purchase Order processing and monthly creditors recon review

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