Job Overview
The Management accountant will play a critical role in the finance team, focusing on cost management, inventory control and providing timely and accurate financial data to support operational decision-making and month-end reporting.
Roles & Responsibilities
Financial Record Management
- Processing of necessary and accurate Journal Entries related to production, inventory, and cost of goods sold.
- Assist with Month-End Reporting procedures and deadlines.
Costing and Inventory Control:
- Performing monthly Reconciliation of Inventory between the General Ledger (GL) and the subledger, investigating and resolving discrepancies.
- Reviewing and analysing Variances (material, labour, overhead, purchase price, etc.) and ensuring they agree to the General Ledger.
- Checking and verifying Bill of Materials (BOM) Recoveries to ensure accurate cost allocation.
- Analysing Non-Conformance Costs to identify root causes and potential cost-saving opportunities.
- Calculating and preparing the Surplus Stock Provision (specifically for Composites and Non-Conforming Stock in the SA region).
- Co-ordinating the stock quarterly stock counts with the various national locations and reporting on the variances in the feedback sessions.
Process and Data Integrity:
- Reviewing and approving New Product Codes Creation and approvals for the Composites division to ensure accurate classification and costing setup.
- Reviewing Goods Received Voucher (GRV) Reports to identify possible errors, ensuring timely and correct corrections are made to inventory records.
Standard Cost Model Optimization:
- Take ownership of the entire standard costing model, continuously reviewing and refining it for accuracy and predictive capability. This includes annual recalculation and roll-up of standard costs across all Bill of Materials (BOMs).
Systems and Process Improvement:
- Identify opportunities for process automation and system integration within the finance function, potentially leading the implementation or upgrade of the manufacturing module in the ERP system.