Cost Accountant: Culinary

Job Description

THE JOB AT A GLANCE

You will be responsible for the accurate and timely calculation and loading of the fully absorption cost for all SKU's. You will also be responsible for the monthly reporting and validation of product mix, volume, conversion cost, productivity, efficiency, and manufacturing expense, summarizing key findings and drawing management's attention and support for action. Conducting required cost review and valuation of stock and ensuring compliance with internal control requirements.

Responsibilities

WHAT YOU WILL DO

1. Working with Procurement to ensure accurate costs.
2. Participate in business planning; prepare and coordinate the factory budget with factory management; perform revisions or simulations if needed.
3. Work with team members to develop new product costing in accordance with costing standards.
4. Ensure full transparency of costs and financial impact to the organization of major or strategic decisions relating to the factory.
5. The accurate and timely calculation of the Fully Absorption Cost for all SKU's, ensuring that all aspects of the manufacturing process are taken into account and reflected correctly on the ERP system.
6. Accurate and timely loading of new bills of material for the manufacturing units, based on the Costing Pack.
7. Accurate and timely loading of changes to existing bills of materials.
8. Monthly reporting and validation of yield, purchase price, and manufacturing variances.
9. Conducting required cost review and valuation of stock.
10. Monitor and control manufacturing expenses.
11. Ensuring compliance with internal control requirements.
12. Calculate the savings realized for cost savings projects based on the actual production volumes.
13. Develop the reports and review with Finance Manager - Costing for approval before sending them to unit and supply management.
14. Challenge assumptions in seeking cost improvements in the factory. Seek and support cost improvement opportunities, be an active contributor to improvement projects and initiatives, validate and review proposed savings. Partner with Engineering to manage costs and review capital proposals.
15. Compile reporting of actuals (including organizing and overseeing timeliness and accuracy of period-end close and promoting ownership of data at source); and dynamic forecasts for the factory; ensure transparency of this process; follow up and monitor progress to close gaps, ensuring financial policies, accounting standards, and costing standards are followed.

Qualifications

WHAT YOU'LL BRING TO THE TABLE

Key attributes and competencies

1. Conceptual, analytical thinking and creative in problem-solving.
2. Strong communication skills and ability to liaise with a variety of non-financial functions.
3. Strong initiative and confidence to handle complexity, work under pressure, and manage short lead-time deliveries.
4. Strong experience in shop floor process controlling and ability to identify problems timely by reviewing daily operation figures.

Experience

1. Minimum of 3-5 years experience in an FMCG manufacturing facility.
2. Relevant finance qualifications.
3. Excellent computer and Oracle skills.
4. Experience in budgeting procedures, financial reporting and analysis, cost analysis, and standard costing, capital application processing.

About Us

Tiger Brands is proudly Africa's largest listed manufacturer of fast-moving consumer goods (FMCG). We impact lives every day with our iconic, award-winning brands. Our core business is the manufacture, marketing, and distribution of everyday branded food and beverages. Our products are relevant across every meal occasion and are well positioned to grow.

Being a food company means we're an intimate part of everybody's daily lives and that's why we get loud and proud about exploring further, roaring louder, and growing together.

In accordance with the employment equity plan of Tiger Brands and its employment equity goals and targets, preference may be given, but is not limited, to candidates from under-represented designated groups.