COST AND MANAGEMENT ACCOUNTANT

Duties & Responsibilities:

• Maintenance and managing records of all financial transactions for the company.

• To implement and prepare financial reports i.e., cashflows and management accounts.

• To maintain all statutory compliance.

• To maintain and implement internal control procedures.

• To manage all internal and external audits.

• Making recommendations to the management of the company for economizing the cost by analysing the cost and various implications of different methods of production.

• Assessing the current practices, identify potential problems, and make recommendations to management of the company for necessary improvements.

• Creating and controlling the budgets of the company and managing the actual costs.

• Job costing/project-based accounting, tracking costs and revenue for each individual project.

Accounting Function summary:

• Perform full accounting and bookkeeping functions.

• Processing of statutory returns and deductions such as PAYE, VAT, Tax etc.

• Manage the posting of all transactions to all company ledgers.

• Set up new debtors/creditors/cost centres on accounting software.

• Month/Year end journal posting.

• Manage and maintain sales invoices and reports on invoicing.

• Inventories recording and valuation.

• To review, maintain and implement internal control procedures.

• Manage the full audit functions with internal/external.

• Coordinating the periodical physical inventory counts.

• Prepare/Perform all import costing sheets.

• Daily/Weekly maintenance of Work-in-progress and BOMS for production daily operations.

Reconciliation

• Perform/Review daily/weekly/monthly bank reconciliation.

• Perform/Review daily/weekly/monthly Petty Cash reconciliation.

• Perform/Review monthly debtors reconciliations.

• Perform/Review monthly creditors reconciliations.

• Perform periodic VAT, PAYE and Tax reconciliations.

• Intercompany reconciliations.

• Perform/review monthly loan reconciliation and calculating the monthly interests for long- and short-term loans.

Reporting:

• Prepare monthly management accounts pack.

• Prepare monthly balance sheet reconciliations.

• Prepare and analyse income statements ledgers.

• Prepare daily/weekly/monthly cashflow forecasts.

• Prepare financial budgets and forecast.

• Maintenance of fixed asset register and insurance coverage.

• Inventory maintenance and costing analysis.

• Prepare annual audit packs (hard/soft copy) Monitor and Measure.

• Prepare/review weekly age analysis and other reports on supplier payment monitoring.

• Prepare/review weekly age analysis and other reports on customer receipts monitoring.

• Prepare variance of forecast vs actual cashflow.

• Prepare reports on company tax status and other statutory compliance.

Experience & Qualification:

• Matric / Grade 12.

• Degree in Finance / Management Accounting or related fields (NQF 6).

• Honours Degree in Finance / Management Accounting or related fields (NQF 7) or CIMA (Advantageous).

• Computer literacy including advanced proficiency with Microsoft Office and experience with standard accounting software packages.

• Up to 5 years’ experience in Cost Accounting / Reporting or equivalent.

• Manufacturing experience (Advantageous).

• Xperdyte, Sage Evolution & Advance Excel (Advantageous).

• Budget and Cost Variance Analysis experience.

• Knowledge of auditing and accounting practices in accordance with IFRS.

• Financial analysis and interpretation.

• Knowledge of accounting principles and internal controls.

Additional Competencies:

• High attention to detail, maintain accuracy with speed.

• Communication and presentation skills.

• Good interpersonal skills.

• Good verbal/written communication skills.

• Team player and can function independently.

• Deadline driven and can work well under pressure.

• Able to network and build professional relationships with internal and external stakeholders.