Accountant: Project & Manufacturing Cost at South African Bank Note Company

Main Responsibilities (not limited to):

Project Accounting:

• Provide direction to ensure a sound Project Financial Management Framework that will support the strategy of the South African Bank Note Company in accordance with International Financial Reporting Standards (IFRS).
• Develop and implement a Project Financial Management Framework to ensure sound financial governance of all projects.
• Develop and implement Project Investment Decision-Making Models to be used by the business to inform sound financial decision making.
• Develop and monitor project costs against budgets and cash flow forecasts on an ongoing basis to ensure compliance to approved budgets.
• Ensure compliance to all financial policies and procedures within projects and provide financial risk management guidance.
• Prepare comprehensive management accounts and report monthly to the relevant stakeholders on projects.
• Coordinate and ensure project capital costs are correctly budgeted for by stakeholders on an annual basis.
• Participate in the procurement tender development and adjudication process and evaluation and benchmarking of tenders to ensure alignment to tender scope and objectives.
• Conduct post implementation financial assessments of projects to ensure that the financial objectives set out in the business case have been achieved.
• Provide support and financial guidance to internal and external stakeholders on project financial management related matters to optimise the company’s financial performance and business opportunities.

Manufacturing Cost Accountant:

• Review the use of the ERP system on the production floor to ensure accurate reflection in the Manufacturing Accounting Module.
• Investigate and prepare product variance analysis and commentary to ensure accurate reflection in the monthly management accounts.
• Conduct reasonability tests to explain under and over recovery of costs.
• Monitor the production flow to ensure the correct valuation of waste.
• Develop and implement cost accounting policies, procedures, and reports to ensure standardised accounting.
• Prepare annual and monthly phased production budgets and forecasts to ensure accurate reflection in the management accounts.
• Review usage variances to ensure accuracy of the Bill of Materials.
• Review Bill of Material to ensure the latest manufacturing practices are applied.
• Ensure compliance with IFRS, applicable legislation, policies, standards and laid down procedures.
• Act as a primary Finance Business Partner about production matters.
• Prepare annual and monthly phased production (Ink and Paper) budgets and forecasts to ensure accurate reflection in the management accounts.

The Preferred Candidate is likely to have:

• BCom Honours or relevant B-Degree Honours in Accounting or Management Accounting (or equivalent)
• CIMA registration or Charted Accountant
• A minimum of 4 - 6 years of financial experience, of which 2 years must be in a management level role (Essential).
• Knowledge of the printing industry (added advantage).

Skills and knowledge:

• Project management
• Budget and financial management
• Procurement and procurement process
• Standard cost accounting and IAS2
• Management and cost accounting
• Tax
• Achieving goals and objectives
• Attention to detail
• Written and verbal communication