Cost Accountant

4 weeks ago

Johannesburg, Saudi Arabia Omnia Pty LTD Full time

Qualifications

  • BCom Accounting/BTech Cost Accounting or equivalent qualification 
  • CA/ CIMA /Post Graduate qualification in Management Accounting advantageous

Experience

  • A minimum of 2 –4 years’ experience at a similar level 
  • Manufacturing experience essential

Duties

  • To perform required duties for effective monitoring, control and management of  Inventory 
  • To provide key stake holders with product cost of sales based on a set of monthly standard costs for informed business decisions
  • To analyse information identifying abnormal variances for investigation and driving the resolution thereof
  • Maintain Bill of Materials to ensure accuracy of cost in the system
  • Maintaining new cost prices and transport rates monthly
  • To provide inventory and pricing support to decentralized Business Units  for effective query resolution
  • To provide support to the finance team in effective resolution  of business unit queries 
  • To facilitate problem solving sessions for inventory variances etc
  • Co-ordinate and control regular Stock Counts for the area under their responsibility
  • To finalize month end process by performing close off procedures against deadlines
  • To finalize year end process by performing close off procedures against audit deadlines
  • To perform reconciliations to monitor the validity of transaction
  • Attending stock takes bi-monthly and monthly
  • Attending maintenance spares bi-annually and sign stock sheets
  • Investigating incorrect capturing of raw material codes and resolving with relevant plant  managers
  • Monitoring and managing the Goods-In-Transit and resolving variances timeously
  • Submitting stock reports with comments on abnormal costs
  • Identifying Usage Variances Losses and verifying them with relevant mangers
  • Ensure all relevant work orders are closed and work orders not closed must be listed at month end per Work Order Number
  • Ensure accuracy of standard costs and recovery rates
  • Analysing the Purchase Price Variances and other and and investigate anomalies  
  • Budget preaparation for manufacturing expenses and accurately calalculating of labour and overheads recovery rates
  • Preparation of the budget manufacturing expenses and manufacturing recoveries template for upload to VENA.
  • Escalation of variances and anomalies in order to detect and investigate possible thefts, fraud, misrepresentation, etc
  • Collaborate with other departments in managing and controlling all stock and costing related matters
  • Train or facilitate the training of staff on Costing, Controls, and any other management accounting related topics. 

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