Cost Accountant (Manufacturing Industry)
Industria West, JHB (JB494)
R45 000 - R55 000 TCTC incl. Medical Aid and Pension
 
Kontak Recruitment is currently recruiting a Cost Accountant for a manufacturing concern based in Industria West, Johannesburg.  The Cost Accountant is responsible for the ongoing analysis of process constraints, costing projects, margin analysis, and tracing costs back to underlying activities.
 
Requirements of Cost Accountant:

• Grade 12
• Relevant Qualification
• Previous experience in a manufacturing environment
• Previous experience with costing and inventory

 
Duties and Responsibilities of Cost Accountant:

• Inventory Transactions
• Load new Raw Material and Spares stock codes.
• Process scrap notes, concessions, and global adjustments
• Resolve stock related queries.
• Maintain an accurate perpetual inventory.
• Work with other departments to conduct and reconcile physical inventory cycle counts and analyse and report variance.

 
Labour and overhead costing

• Maintain the line items for direct materials, labour and overhead on the bill of material or recipe for each product.
• Preparing standard cost budgets for manufacturing
• Calculate, analyse, account for, and report monthly cost variances for direct materials, direct labour, indirect labour and manufacturing overhead.
• Assist sales with product pricing using an already defined methodology.
• Oversee Price updates performed by Cost Administrator.

 
Compliance

• Execute and maintain procedures accurately and consistently calculating production rates, downtime, and change-over times for department performance measures.
• Developing a standardised policy and procedure of the standard costing system, such as inventory management, cost allocation and new product development (NPD) calculation
• Ensuring that cost accounting transactions align with GAAP, company policy and IFRS.

Reporting / Analysis

• Variance analysis, sales reporting, balance sheet reconciliations and profit and loss.
• Prepare monthly reporting and analysing actual versus budget/forecasts.
• Proactively analysing costs and supporting relevant departmental managers.
• Interpreting Cost of Sales

Accounting