Cost And Management Accountant

Our client in the automotive manufacturing industry is seeking a Cost and Management Accountant to join their team based in Mobeni.

MINIMUM REQUIREMENTS

1. Grade 12
2. Bachelor of Commerce / Diploma in Financial Accounting
3. Minimum 2 to 3 years' experience in management accounting role
4. Automotive Industry and Manufacturing Environment experience

MAIN JOB FUNCTIONS

1. Participate in organizational strategy management from a financial management perspective.
2. Provide financial analysis and support to management and all operational areas of the business.
3. Maintain and update accounting system (ERP: BPCS).
4. Ensure compliance with internal control.
5. Prepare and review detailed product costing analysis for all new parts.
6. Analyze all current parts and make recommendations for the financial recovery on distressed parts.
7. Calculate and propose potential price increases.
8. Review GP percentage of individual BOMs and identify distressed parts.
9. Participate in continuous improvement initiatives.
10. Provide indicative 'what-if' costings and impact on profitability for new product generation and specification to existing products.
11. Work closely with the technical team to ensure integrity of the control sheet.
12. Work closely with factory accountants to facilitate an understanding of and ensure that the most current costs (both production and distribution) are used when calculating profitability.
13. Effectively communicate and present findings as well as recommendations to the commercial manager, business development manager, technical team, and the rest of the cross-functional team.
14. Provide meaningful profitability information and recommend ways to optimize OEM profitability and project profitability for new business.
15. Recover margin in underperforming categories by highlighting commercial impact (margin enhancement vs volume opportunity) and assist in strategic decision making.
16. Support the business development managers in the use of system tools regarding costing and profitability.
17. Support the commercial manager in considering product rationalization, mix comparisons, and other business improvement opportunities.
18. Attend customer and commercial meetings to provide insight into ongoing projects and commercial items.
19. Create a platform within quarterly profitability reviews to evaluate the success of project post-launch reviews, providing insight and learnings which can be taken into future launches.
20. Develop suitable standards of commercial reports that will provide insight, stimulate further discussion, and assist in decision making across RFQ patch.
21. Work closely with IT to automate reporting where possible.
22. Weekly tracking of costings done to create visibility of projects and manage workload with project and customer teams.
23. Take ownership and accountability for tasks and activities.

PERSONAL ATTRIBUTES

1. Demonstrate effective self-management in terms of planning and prioritizing, and self-development.
2. Follow through to ensure that quality and productivity standards of work are consistently and accurately maintained.
3. Inform relevant parties in the event of tasks or deadlines not met, the potential risks thereof, and provide appropriate resolution.
4. Support and drive the business core values.
5. Manage colleagues' and clients' expectations and communicate appropriately.
6. Demonstrate willingness to help others and 'go the extra mile' to meet team targets and objectives.
7. Participate and drive regular performance appraisals and ensure that own targets and goals are clear and achievable.
8. Maintain a basic appreciation and awareness of employee relations climate and ensure corrective action is taken where required in line with relevant legislation and company policy.