Factory & Cost Accountant

Ntice Search Solutions • Other • City of Johannesburg Metropolitan Municipality, Gauteng, South Africa • $200 - $300 / year • 9h ago

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 scrap 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 slow-moving and obsolete stocks
Weekly reporting on factory non-conformances and financial adjustments

Projects and Ad hoc

Assess capital projects for ROI
Manage financial software initiatives
Perform ad-hoc duties as required
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
Approve daily cycle count adjustments
Investigate high variances with warehouse team
Coordinate and complete annual stock take

Education and Experience:

Matric
Diploma in Cost and Management Accounting
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 orders variance and analysis
Ability to perform risk and security assessments

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