Factory Cost Accountant
Factory Cost Accountant
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Job Description
Our client market leader in the food manufacturing sector is looking to hire a Factory & Cost Accountant based in Midrand
The successful candidate will be 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
Duties and Responsibilities:
Cost Accounting
- Manage Bills of Material (BOM) creation and updates from formulations
- Prepare and maintain cost estimates monthly reporting to CFO
- Analyze product costs from supplier receipts (marginal ABC)
- Determine s factors and generate production reports
- Upload standard costs and release estimates in SAP
Internal Controls and Analysis
- Understand production processes (TECO ERTR REL CLSD)
- Balance production GRV and consumption monthly with accruals
- Analyse production order variances report monthly to CFO
- Utilize COOIS for insights and conduct standard cost analysis
- Daily review of WIP accounts
Factory Collaboration
- Collaborate with factory teams (warehouse production planning)
- Lead and support correct process flows
- Monthly presentation on slowmoving and obsolete stocks
- Weekly reporting on factory nonconformances and financial adjustments
Projects and Ad hoc
- Assess capital projects for ROI
- Manage financial software initiatives
- Perform adhoc duties as required
Financial Accounting
- Approve GL accounts and cost centers on purchase requisitions
- Assist in creditor reconciliation approvals
- Create assets in SAP and process monthly journals
- Support audit queries related to inventory and cost of sales
Reports
- Prepare production sales PPV inventory turnover and manufacturing cost reports
- Conduct monthly spend analysis
Inventory
- Approve daily cycle count adjustments
- Investigate high variances with warehouse team
- Coordinate and complete annual stock take
Minimum Requirements:
Education and Experience:
- Matric
- Diploma in Cost and Management Accounting
- CIMA Managerial level preferred
- Minimum 3 years experience in a similar capacity within the FMCG / Manufacturing sector
Knowledge and Skills:
- 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 skills
Salary:
Market related
Employment Type
Full-Time
