PURPOSE
An exciting opportunity exists for a Cost and Management Accountant to assist the business in making critical business decisions by analysing and presenting key financial data in preparing forecasts, budgets and performing risk/variance analysis. Implementing effective cost management techniques to maximise profits and reduce costs.
RESPONSIBILITIES
Operational
- Develop systems or procedures for accumulation systems and/or cost accounting functions
- Predict, plan and record variable costs
- Review and analyse actual costs to identify opportunities for reductions and anomalies to maximise profits
- Determine and recommend cost-effective solutions
- Analyse financial data and trends to guide strategic decision
- Develop and maintain financial models that drive business performance
- Perform month-end and year-end closing activities, inventory and other
- Assisting with audit requests and processes
- Provide actionable insights to enhance profitability and cost efficiency
- Work closely with cross-functional teams to support business objectives
- Recommend cost allocation techniques to contract level
- Assess inventory valuation methods for appropriateness and monthly valuations performed in line with reporting standards
- Ensure financial accounting related to revenue and costing is completed in a timely and accurate manner
Reporting
- Gather and compile cost information and maintain database concerning expenses by Divisional and site level
- Analyse reports and tools that identify cost exceptions and working with cross-function teams to predict and improve the cost production
- Evaluate project’s performance using key data
- Review, analyse and report actual profit margins
- Recommend ways of cutting costs
- Ensure accurate and timely preparation of management reports by Divisions and by site
- Conduct variance analysis - deep dives to enhance profitability of projects
- Assist in preparing and supplying operational finance information to Divisions
Budget and Forecast
- Assist with the annual budget preparation and reporting process
- Provide support in preparing necessary operations’ annual budget reports
- Track budgeting and costs and ensure spending is in line with budgets
- Develop and maintain forecasts to assist projects planning and decision-making
Governance
- Ensure the Divisions are compliant with relevant legislation (Income Tax Act, Value Added Tax Act, etc.) including legislative amendments and industry best practices
- Advise on solutions to relevant stakeholders
- Assist in preparing the annual audit file for external Auditors, various reconciliations and assist external Auditors with queries
- Assist with the internal audit during annual internal audit process
Team Management
- Manage the day-to-day activities of the team
- Provide support and assistance to the team to fulfil their responsibilities
- Coach, train and develop the team
- Manage delivery of services against SLAs entered
Transactional Shared Services / Financial Accounting
- Prepare monthly journals
- Review reconciliations performed by team
- Review cost allocation of purchase requests
- Prepare reconciliations of general ledger accounts
- Provide quality accounting support and technical advice to key internal stakeholders
- Ensuring completeness of transactions on the system on a timeous basis
QUALIFICATIONS
- CIMA / CGMA / BCom Accounting
- Articles or Chartered Accountancy qualification will be advantageous
EXPERIENCE
- Minimum five years related experience in a construction, mining or tailings environment
- SAGE ERP experience would be an advantage
- Contract allowance accounting experience
SKILLS, QUALITIES AND ABILITIES REQUIRED
- Technical
- Report writing
- Analytical
- Financial and budget control
- Mentoring and Coaching
- Good performance management
- Communication, conflict handling and interpersonal
CLOSING DATE: 19 September 2024
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