Management Accountant
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Job Location:
Durban - South Africa
Monthly Salary:
Not Disclosed
Posted on:
9 hours ago
Vacancies:
1 Vacancy
Job Summary
Our client a leading Chemical Manufacturing company based in Durban is looking to fill the position of Management Accountant.
Purpose of the Role:
The Management accountant will play a critical role in the finance team focusing on cost management inventory control and providing timely and accurate financial data to support operational decision-making and month-end reporting.
Key Responsibilities:
Financial Record Management:
- Processing of necessary and accurate journal entries related to production inventory and cost of goods sold.
- Assist with month-end reporting procedures and deadlines.
Costing and Inventory Control:
- Performing monthly reconciliation of inventory between the general ledger (GL) and the subledger investigating and resolving discrepancies.
- Reviewing and analysing variances (material labour overhead purchase price etc.) and ensuring they agree to the general ledger.
- Checking and verifying Bill of Materials (BOM) recoveries to ensure accurate cost allocation.
- Analysing non-conformance costs to identify root causes and potential cost-saving opportunities.
- Calculating and preparing the surplus stock provision (specifically for composites and non-conforming stock in the SA region).
- Co-ordinating the stock quarterly stock counts with the various national locations and reporting on the variances in the feedback sessions.
Process and Data Integrity:
- Reviewing and approving new product codes creation and approvals for the composites division to ensure accurate classification and costing setup.
- Reviewing goods received voucher (GRV) reports to identify possible errors ensuring timely and correct corrections are made to inventory records.
Standard Cost Model Optimization:
- Take ownership of the entire standard costing model continuously reviewing and refining it for accuracy and predictive capability. This includes annual recalculation and roll-up of standard costs across all Bill of Materials (BOMs).
Systems and Process Improvement:
- Identify opportunities for process automation and system integration within the finance function potentially leading the implementation or upgrade of the manufacturing module in the ERP system.
Qualifications and Experience:
- Grade 12 Senior Certificate
- Relevant BCom degree in Accounting / Management Accounting
- Minimum 3 years in a similar manufacturing role or chemical / process industry
If you are interested in applying for this role please send a detailed copy of your CV to
If you have not been contacted within two (2) weeks please consider your application as unsuccessful.
Key Skills
- Accounting Software
- Account Analysis
- QuickBooks
- Accounting
- IFRS
- Asset Management
- Business Management
- Cash Management
- Sage
- Microsoft Excel
- E-Commerce
- Systems Analysis
