Cost Accountant-Limpopo

The Cost Accountant is responsible for managing and analysing the company's cost structures to support effective financial planning, budgeting, and operational decision-making. The role ensures accurate product costing, inventory valuation, cost reporting, and profitability analysis while maintaining compliance with accounting standards and company policies.

Cost Accounting

• Prepare and maintain accurate product and production cost models.
• Analyse direct and indirect manufacturing costs.
• Calculate standard costs and monitor variances against actual costs.
• Review and update Bills of Materials (BOMs) and costing structures.
• Conduct monthly cost analysis and investigate significant variances.

Inventory Management

• Reconcile inventory balances and perform inventory valuations.
• Participate in monthly and annual stock counts.
• Investigate inventory discrepancies and recommend corrective actions.
• Ensure accurate costing of raw materials, work-in-progress, and finished goods.

Financial Reporting

• Prepare monthly cost reports and management reports.
• Assist with month-end and year-end financial closing processes.
• Prepare journal entries relating to inventory, production, and cost allocations.
• Support the preparation of annual budgets and forecasts.

Budgeting and Forecasting

• Assist with operational budgeting processes.
• Monitor expenditure against budgets.
• Analyse production efficiencies and identify cost-saving opportunities.
• Provide financial insights to operational management.

Compliance and Internal Controls

• Ensure compliance with IFRS, company policies, and relevant South African legislation.
• Maintain effective internal controls over inventory and costing processes.
• Support internal and external audits.
• Ensure accurate documentation of costing procedures.

Business Support

• Partner with production, procurement, warehouse, and operations teams.
• Provide financial analysis to support operational decisions.
• Develop and improve costing models and reporting systems.
• Identify opportunities to improve profitability and operational efficiency.

Qualifications

• Bachelor's Degree or National Diploma in Accounting, Cost and Management Accounting, Finance, or related field.
• CIMA qualification or progress towards CIMA will be advantageous.
• SAICA articles or equivalent experience will be beneficial.

Experience

• 3–5 years' experience in a Cost Accounting role.
• Experience within manufacturing, mining, agriculture, food processing, or industrial environments is preferred.
• Experience with ERP systems such as SAP, Syspro, Sage, or Microsoft Dynamics is advantageous.

Market Related

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