Management Accountant: Costing (Westville) at RCL Foods

Minimum Requirements

• Minimum of a National Diploma in Accounting/Management Accounting
• Qualified CIMA / CA(SA)
• 3 to 5 years management accounting experience, including commercial costing and some exposure to processing or manufacturing environments
• Costing system (TM1 ABC costing) experience will be advantageous

Duties & Responsibilities

New Business Costing and Reporting:

• Manage new opportunities from start to finish including sourcing raw operational data from relevant internal technical experts and external reports, prepare final presentation to exec board detailing final proposal, options considered and sensitivity analysis on flexible assumptions.
• Provide commercial insight into variances of cost drivers developing a broad knowledge base of the organisational processes and policies, staying fully informed of operational objectives, performance and critical trends, highlighting focus points for the month, exposing core issues and generating action plans and assigned responsibilities with key business partners.
• Engaging with Commercial Manager on developing appropriate commercial reports to provide the business with the tools /insights to make informed strategic decisions, logic based policies and implement positive change that ultimately drives profitability.
• Assist in the review and actioning of TM1 variance reports prepared using data extracted from TM1. Analyse and explain KPI fluctuations and variances.

ABC Model:

• Understand the ABC Model and cost drivers including understanding the back-end integration of SAP cost centres upload into TM1 so clear end to end assistance can be given on variance analysis.
• Managing of the data accuracy and reconciliation (i.e completement and relevance) in TM1 Costing system
• Streamlining existing processes and paper trails in order to reduce the risk of human error and improve speed of information delivery.
• Investigate and present to Commercial Manager recommended changes the TM1 costing model as a result of changes in the business and document once fully approved by the relevant LOA. Maintain data process flows and present changes at commercial team meetings to keep the key users fully informed.

 Finance management and Variance Analysis:

• Participate in business-wide investigations and audits to support initiatives designed to control costs and maximise profits. This includes:
• Analysing proposed initiative on cost allocation (as a result of trials or change in specifications) and assist with data collection of new business proposals for proper KPI tracking.
• Manage and perform a full PIR (post implementation review) process where actuals are measured against costings with insights on key assumption variances and potential actions points to close gaps where they exist.
• Analyse actual KPI’s versus budget and work with the teams to address areas of non-conformance or concern proactively and timeously. (both centrally and regionally)
• Implement cost management initiatives within the team.

 Information and Data Management:

• Ensure team members accurately and regularly capture data into the information system to enable access to reliable data and reporting for trend analysis and decision making.
• Share relevant data with management teams to enable reliable business decision making.
• Take responsibility for data accuracy and completeness for the relevant model.
• Take proactive steps in creating a technology-savvy way of working and self-development.

Team Coordination:

• Take ownership and accountability for tasks and activities and demonstrate effective self-management in terms of planning, prioritising and self-development.
• Follow through to ensure that quality and productivity standards of work are consistently and accurately maintained. Inform relevant parties in the event of tasks or deadlines not met, the potential risks thereof and provide appropriate resolution.
• Support and drive the business core values.
• Manage colleagues and clients’ expectations and communicate appropriately.
• Demonstrate willingness to help others and “go the extra mile” to meet team targets and objectives. Champion training and development of self and others through utilising available training opportunities or contributing to the development of new training solutions relating to product costing in collaboration with national training specialists.
• Participate in and drive regular performance appraisals and ensure that own targets and goals are clear and achievable.
• Ensure deliverables are submitted on time and with the right level of accuracy and form.