Cost Accountant (Cost Accountant)

• Product cost calculations and Bill of materials
• Analysis of standard vs. actual costs and investigate variances (purchase price variances and Production order variances)
• Review and reconciliation of production recoveries
• Collaborate with other teams to deliver accurate and timely costs data
• Analyze manufacturing costs and prepare periodic reports comparing standard prices to actual production costs
• Review accuracy of inventory movements and adjustments
• Inventory reports and resolve transactional queries
• Reconciliation of the Inventory Stock Ledger and General Ledger
• Reconcile WIP account in the B/S to Open production order report
• Month end activities including Stock Provisions, accruals and other journals
• Assist in Inventory counts, analyze and investigate discrepancies
• Prepare detailed reports for management that highlight cost trends, variances
• Expense management including approval of PR’s & PO’s
• P & L Analysis, and report
• Assist with Budgets and monthly OPS Forecast

• Inventory management which entails, Inventory analysis and
  valuation
• WIP control to ensure there is balance between WIP GL and the submodule
• Reconciling inventory accounts to the general ledger
• Preparing monthly journal entries as needed
• Ensure integrity and accuracy of Product Costs through analysis of Bill of Material
• Monitoring inventory transactions
• Production Variance Analysis including support to operations for corrective action.
• Monthly Exco reporting on group Inventory
• Coordinating Stock takes and Variance analysis thereof
• Preparation of Budgets (Branches and consolidation thereof)
• Developing and implementing of internal controls that ensures Risk mitigation, Cost Saving and general continuous improvement

• Expense Management - perform deep dives to Highlight overspent areas, reporting and Control
• Review of company-wide service contracts to ensure accuracy in allocating to profit centers based on activity/usage.
• Variance analysis (Actual / Budget/ Forecast)
• Monthly management pack preparation and reporting thereof
• Monthly Finance review
• Production variance analysis
• Review of Standard Costs through BOM analysis and investigation
• Assist in preparation of monthly inventory reports
• Provision of Analytical and advisory function to line management
• Forecasts and Budgets
• Financial administration and support to BU’s
• Purchase order release
• Ad hoc assignments

• Conducts product profit margin analysis (sales revenue vs. cost of sales,
  variable costs and fixed costs)
•  Ensures the accuracy of plant product cost estimates (i.e. material,
  labour, factory overhead, etc.)
• Maintains annual standard calculations schemes for material,
  labour, and overhead, and provides cost calculation base for
  product pricing
• Tracks and maintains standard cost compared to actual cost and moving
  average cost
• Prepares regular reports for internal stakeholders
• Reporting: Project Reviews in terms of Revenue, Costs, Risk, CTC
• Participate in the annual physical inventory, and provides analysis and
  explanation for fluctuations in inventory balances
• Perform inventory, WIP and cost of sales account reconciliations
• Assist in internal auditing schedule of sales orders, purchase orders,
  expense reports, accounting documents as well as inventory transactions

Selling clothes

Responsible for all aspects of the business

• Sales Margin analysis to ensure that discrepancies are addressed with the BU's, and accurate margins are reported
• BOM's and Product Costing- review, analyse and release product cost estimates
• Production Order- Settling of production orders, analyzing and investigation of variances,
• Internal Order Settlement - settling of internal orders including plant maintenance, capital maintenance and investment orders and ensure correct allocation and completeness
• Operating and Admin Cost Analysis - analyse and investigating variances against plan, and ensure correct allocation
• Rendering of an internal support services to BU’s
• Preparing financial analysis and feasibility studies to support senior management decisions
• Involved in the preparation and co-ordination of annual budgets and forecasting
• Financial performance reporting - monthly management pack and cost center reporting

Assistant Buyer
September 2009- August 2011

• Inventory management including procurement of stock
• Ensure that we meet sales demands,  ensure that sales forecasts are in line with sales trends in order to procure correct quantities
• Negotiate with suppliers to ensure correct order quantities are received by re-negotiating due dates and order quantities
• Manage supplier performance by conducting regular reviews, monitoring key performance measures especially cost reductions and on time delivery
• Expediting of all outstanding material
• Adjust forecasting for slow moving months
• Re-pricing of orders in case of price fluctuation on overdue & outstanding orders
• Signing off of Accounts payable: volumetric, price variance, stock in transit, late deliveries, early deliveries and claims
• Preparing month end inventory reports

• Current Account - Capture cashbook and bank recon
• Credit Control – Generating & issue of Invoices, Issue monthly statements to customers, maintain weekly / monthly cash forecast, age analysis report and debtors recon statements (all aspects of credit control including foreign accounts)
• Follow up outstanding payments on accounts and resolving of customer queries
• Job Costing
• Calculation of price adjustments for different projects (as per project contract and price indices (SEIFSA)
• Monthly close job summary report - Analysis of financial results in relation to sales, estimates, cost of sales and reporting on variances
• Track projects progress to avoid over-runs
• Various monthly journal entries

• Reporting to the Financial Manager
• Administration of incoming Invoices
• Ensure that Invoices are approved, and that they meet the company’s policies and SARS requirements
• Sorting of Supplier Invoices and matching them to their Purchase Orders, Goods Received Vouchers & Delivery Notes
• Processing of invoices on accpac
• Ensure that payments are processed on time & thereby taking advantage of settlement discount where applicable
• Monthly Creditors Reconciliation Statements
• Ensure that queries on age analysis are cleared 
• Handling of accounts queries, Internal & external
• AR Invoicing
• Liaising with External Auditors during audit