Cost Accountant

Recruiter:

Brace Able Manufacturing

Job Ref:

CA2026

Date posted:

Monday, April 20, 2026

Location:

Durban, South Africa

Salary:

360000

SUMMARY:
Implement and Manage cost accounting systems to support the company''s cost optimization and financial decision-making processes.

POSITION INFO:

1. Cost Accounting System Improvement.

• Establish and allocate indirect material usage to BOM.
• Maintain and allocate standard labor cost rates to work centers.
• Establish and allocate set up time to BOM work centers.
• Review and update product run times.

Establish and update scrap percentage for all sub-assemblies

2. Cost Accounting & Analysis

Maintain and update standard cost systems and ensure correct allocation of overheads.
Conduct regular product costings , variance analysis and margin analysis and feedback to Commercial on under recoveries.
Update machine rates in Syspro and report on Actual vs Recovery.
Generate PPV reports and clear variances on a weekly basis.
Analysis and clear Tooling and Maintenance Job variances.
Close of Tooling and Maintenance jobs.
Daily review of WIP accounts.
Monthly presentation on slow-moving and obsolete stock.
Manage Bills of Material (BOM)
Reconciliation of actual material cost against standard.
Collaborate with operations to track production costs and identify savings opportunities.

3. Budget & Forecasting and Management Reporting

Assist in preparation of annual budgets and periodic forecasts.
Distribute weekly departmental budget spend reports.
Update weekly operations budget performance charts and present on variances and proposed action plans.
Report on Tooling project budget variances.
Load monthly requisition budgets in Syspro.
Prepare departmental profit reports and report on variance between actual and customer recovery rate.

4. Inventory valuation and control.

Calculate inventory valuation in accordance with IAS2.
Process daily cycle count adjustments.
Create new stock codes in Syspro.
Investigate high cycle count variances with Logistics team.
Perform weekly / monthly Bom cost implosion.
Participate in stock audits and physical inventory checks.

5. Financial Accounting

Support audit queries related to inventory and cost of sales.
Assist Financial Manager with ad hoc projects.

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