Cost Accountant

Cost Accountant

Minimum Requirements:

• Minimum 2-3 years experience in cost and management accounting, including analysis and reporting
• Preferably a B.Com or equivalent and studying towards CIMA/CA
• Good communication and interpersonal skills, with the ability to work collaboratively across departments
• Strong computer skills, including proficiency in Microsoft Excel and experience working with ERP systems
• Business Intelligence Tools experience advantageous
• Ability to multi-task with good time management skills
• Pay strict attention to detail and accuracy
• Ability to collaborate with teams

Responsibilities:

Costings

• Action costings accurately and timeously.
• Understand factors driving costings and profitability, and provide useful insight into the process.
• Review and address concerns on costings and guide NPD in the development process.
• Attend trials and ensure that product and cost concerns are raised in advance.
• Communicate costings and reports clearly and effectively.

Ingredient Tools

• Ensure the accuracy of ingredient and BOM-related tracking tools.
• Distribute ingredient tools.
• Resolve queries related to ingredient tools.
• Conduct weekly deep dives on variances and report findings to assist in correcting issues or deviations.
• Capture and analyze Stock Take variances during month-end counts.

Factory Trials and NPD Process Support

• Attend factory trials to gain a thorough understanding of new or upgraded product manufacturing processes and provide insight into proposed changes to product costs (e.g., capex, opportunity costs due to capacity).
• Accurately cost NPD or changes to NPD processes.
• Maintain integrity and support the proper execution of the NPD approval process.
• Calculate and implement any approved changes to product costing, outlining the impact on the cost base and profitability.
• Monitor, review, and provide feedback on the actual impact of changes and new product costing as part of the post-launch process.

BOM Audits

• Perform BOM checks and audits as needed.
• Conduct factory floor audits/checks as required.
• Coordinate investigations and audits with the Management Accountant and Factory Managers to support cost control and maximize profitability.

Projects and Ad Hoc Reporting

• Assist in the compilation and tracking of Capex motivations and other irregular requirements.
• Conduct ad hoc projects and feasibility studies concerning product profitability.
• Continuously identify opportunities to improve processes and systems within the cost accounting function.
• Provide coordination and support for capital motivations, such as bill of materials and quotations.
• Perform ad hoc reporting and analysis as required.