Overview
Reference
Cost Management Acco
Salary
ZAR/month
Job Location
- South Africa -- Johannesburg Metro -- Johannesburg
Job Type
Permanent
Posted
03 October 2023
Our client is seeking a dedicated and detail-oriented Cost Management Accountant to join their finance team. The Cost Management Accountant will play a crucial role in managing and optimizing costs across the organization. If you have a strong background in cost accounting and financial analysis, and you're passionate about helping a company operate more efficiently, we encourage you to apply.
Responsibilities:
Forecasting
- Weekly forecast of sales/cost of sales/margin / overheads & EBIT
- Cashflow forecasting and variance analysis
- Forecasting project closures/ppt's / cost and margins
- Income statements, balance sheet and c,ash flow statements
- Cash Management and Optimisation
Budgeting
- Compiling and submission of the annual budget
- Contract budgeting - actual vs. planned cost with variance analysis
- Analysis of contract cost
- Capex budget against cost
- Manpower budget vs. actual
- Review of revenue and cost centrecenternces
Project Accounting
- Hours accounting and recovery analysis
- Actual vs. planned with variance analysis
- Project cashflows actual against budget
- Perform trend analysis and actively evaluate project cost and schedule performance to identify potential risk areas, validate forecasts, and communicate same to key stakeholders
Cost Control
- Setting and reviewing standards
- Reviewcentercentre cost and advisecentercentre managers on improvements
- Monitoring major cost and highlighting cost savings on expense accounts where necessary
- Work closely with key stakeholders to identify project risks, and lead the cost and schedule contingency management process for assigned projects
- Tender Review & Qualifications on large projects
- Developing controls systems and procedures
- Support of Branches - Dealing and resolutions of queries/problems from branches
- SARB, Tax and DTI Incentives - Apply, process and adhere to reporting requirements
- Bank limits and Guarantees - Negotiate facilities ensuring company liability is maintained
Reporting
- German reporting
- Develop dashboards to communicate cost and schedule performance in real time.
- Monthly management report to Germany & Head Office
- Providing Project Managers, performance status and reporting, baseline change control, and risk management
- Managing project control audits with regards to policies, procedures, and systems
- Assisting with the audit pack and accounts reconciliations and queries
New Systems Implementation
- Review analysis and report on the proposed new system
- Participate in the business process, development and design and implementation - member of steering committee
- Review present financial policies and procedures
Quality Management
- Follow strict procedures and processes dictated by ISO processes and company procedures
- Develop accounting procedures to improve process and controls where necessary
- Report and accounting as per regulatory and legal requirements
- Ensure adequate control measures are in place in terms of security, confidentiality and documentation
Risk Management
Insurance
- Monitor business transaction, claim liability and legal rights and obligations
- Review Insurance agreements and ensure insurance is in place
- New vehicle documentation, insurance and vehicle tracking devices
Forward Exchange Contracts
- All exchange risks are to be covered in terms of the Company's policies
Credit Control
- Setting credit limits for every debtor an reviewing debtors applications
- Setting weekly collection targets
- Reporting on overdue debtors and action steps required
- Review of all debtors limits
- Calculation of DSO
Qualifications:
- BCom Accounting degree
- Preferred completed CIMA
- 5-7 years of experience in a similar role
- ERP system experience
- MS Office with solid excel skills, PowerBi
- IFRS standards knowledge is preferable
- Work effectively within a team, whilst balancing own priorities
- Be flexible and responsive to changes in the business that impact financial processes and reporting.
- Strong information monitoring and analytical skills
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