About the job Cost Accountant
Key Purpose:
To own the financial responsibility of managing consignment raw materials and ensuring that the associated master data is reviewed and correctly maintained by Procurement. In addition, preparing the necessary reconciliations, true ups / downs.
Duties and Responsibilities:
- Ensure that Company resin stock levels and related liabilities are correctly accounted for and reconciled on a monthly basis.
- Ensure that the Company LME is correctly accounted for and reconciled on a monthly basis.
- Maintain a strong relationship with the Planning Department to ensure changes affecting key raw material purchases (resin, aluminium, glass) are understood, follow a rigorous governance process, and are correctly accounted for.
- Develop a strong relationship with raw material supplier finance teams to ensure effective working relationships and adherence to contract terms.
- Problem-solve any discrepancies on master data. Work with Technical, Regions, and Procurement to resolve/update master data on raw material discrepancies noted.
- Analyse related price and resin consumption variances to ensure accurate monthly recording in SAP.
- Identify and execute process improvement initiatives for raw material accounting.
- Liaise with Planning and Procurement on financial implications and reconciliation impact with respect to the introduction of new or changed contract terms.
- Prepare variance analysis against budgets and PFs and provide insightful commentary.
- Perform annual price planning in SAP (subcontracting).
- Liaise with commodity managers for information sharing and identify focus areas where commodity increases are not in line with CPI or market-related changes in contract terms, etc.
- Complete statutory templates covering raw materials purchasing and management.
- Attend quarterly stock counts and ensure compliance with hard close and year-end procedures.
Qualifications and Experience:
- BCom Honours or equivalent.
- 3-4 years operational finance experience.
- Previous experience in costing and contract management is an advantage.
- 3-4 years' experience as a Cost Accountant while completing their CIMA qualification.
- Costing experience.
- CIMA qualified.
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