Cost Accountant - Fourways at Omnia (Pty) LTD

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.