Our client that specialises in the engineering industry requires the expertise of a Cost and Management Accountant. This is an opportunity to be apart of a global company that has a name synonymous with their niche.

Key Responsibilities:

• 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 costs 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 sub-ledger 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.)

Qualifications:

• 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