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Cost Analyst
Job Ref
266528
Job Type
Permanent
Employer Type
Recruitment Agency
Date Added
25 May 2016
Expiry Date 9 Jul 2016
Expiry Date 9 Jul 2016
* This is an Affirmative Action position.
* There have been no applications to this job.
* This job has been viewed 1266 times.
Employer:
SET Consulting
Location:
Western Cape
Salary:
Negotiable
Benefits:
annual bonus
Role details:
- - - - - - - - - - - - - -
Cost AnalystMain Purpose and Responsibilities of Position:
Key responsibilities:
- Support achievement of Site goals by providing financial support to Finance Business Partner and the Production Department Managers.
- Proactively work with production, warehouse and quality teams as part of an integrated team to identify opportunities and mitigate risks to meet overall business objectives.
- Prepare accurate product costing information timorously to support the commercial ambition.
- Accurately updating and extracting of costing information from BPCS and JDE.
- Participate in Value engineering & cost reduction initiatives on site.
- Accurately prepare prime cost variance information regarding material variances and labour variances from BPCS.
- Facilitate an effective & efficient Month end Process via the calculating and processing of journals entries as required. To be file appropriately & accompanied by back documentation/workings.
- Obtain and validate material prices received from procurement and maintain AS400 system.
- Analyse and validate production manufacturing and packaging times in support of demonstrated cost calculations.
- Perform finished goods cost roll-up and validation thereof.
- Weekly analysis and closure of production job orders. (shop orders).
- Compile monthly production variance reports.
- Support, facilitate and prepare supply review management report in order influence decision making.
- Prepare and analyse the balance sheet via the standardised recon process & present for sign off.
- Advise on Weekly Production Requirements by Department.
- Maintain, Calculate and report on outside contractor variances.
- Prepare Bi-annual Wastage Build into Standard report ( GMS4).
- Maintain, Cost of Quality Report and trend analysis ( Batch Rejections, Scrapping)
- Prepare monthly Productivity by valuestream.
- Accurately monitor and maintain Work In Process.
- Weekly assessment of standard cost download.
- Weekly Tracking of Finished Goods Imported Testing Recoveries.
- Prepare a weekly ageing report of shop orders.
Decision support and simplification:
- Create non-standard financial analysis, present trends, identify insight and offer sound, financially based recommendations. Supported with both internal and external information based on benchmarking. Work as part of a cross functional to build the opportunity and drive to execution.
- Lead departmental projects from a finance perspective by simplification and implementation of best practices
- Provide analytical support and relevant financial information to enable quality decision making within strategic activities.
- Support the business objectives to ensure that departmental activity are aligned with business strategy and goals.
Financial management and governance:
- Support all financial management activities for business unit i.e. monthly and annual closings, general ledger maintenance, and ensure that deadlines are respected.
- Identify and drive transparency of risk ensuring strong management and financial governance.
- Add commentaries to standard management reports based on an in-depth knowledge of the business.
- Responsible for ensuring all financial entries are brought to book quarterly.
- Reconcile balance sheet account in preparation for review of management accounts.
- Active involvement in the annual standard cost setting exercise.. Objective is to achieve cost reduction year on year.
- Assist in the reporting of all management reports and submissions.
- Ensure compliance with accounting policies IFRS and local GAAP.
- Ad hoc as required by Finance Business Partner & Regional Supply Chain Finance Business Partner.
- Regularly review the quality of processes, assumptions, ability to hit Plan, and reduction of cost versus last year to drive best practice and continuous improvement.
Influence and relationship building:
- Key member of Finance & Production Team - critical to be strong influence on decision making & drive accountability across the whole team for the financials.
- Build strong relationships with Commercial to drive value from One integrated P&L, and to ensure decision making includes all the relevant potential impacts. Support with clear financials that have considered all aspects of decision making.
- Assist in the management of financial activities / issues for external business partnerships (e.g., third-party customers, third-party supplier, outsourcing partner, etc.)
Accountability:
- Delivery of overall financial and business performance both at site, and for One P&L with Commercial (e.g., sales/cost savings/financial target achievement of £XM for XX business/site/functional area)
- Manage Capital investments and project resource allocation to ensure the maximum return on investment
- Review monthly reports, actuals, budgets, plans and forecasts and provide commentary on key variances/business drivers and any actions required
- Be point of contact to support functions for financial issues by representing Finance and an ambassador for the Finance function.
Complexity:
- Ensure proactive and effective coordination across interfaces with internal customers.
- Effectively influence customers and ensure financial issues readily resolved
- Communicate effectively within a number of levels in the business unit e.g. Production Board Meeting, on the progress of financial objectives, recommendations for cost savings and improvements in process efficiency.
- Assist the Regional Supply Chain Finance Business Partner , the Finance Business Partner(CT), and all other customers with regard to financial analysis
- Driving Operational Excellence in all financial aspects, identifying opportunities for improvement and progress tracked and the changes and improvements.
Detail Info
Primary City/Town
Cape Town
Primary State/Region
Western Cape
Position
Full time
Experience Required
Not Indicated
Education Required
Bachelors
Minimum Requirements
Grade 12 / equivalent NQF Level 4.
Diploma/Degree in Cost Accounting.
3 to 5 years, preferably in manufacturing environment.
Attention to detail and intimate knowledge of Microsoft excel.
Experience in budgeting, standard cost setting and project accounting.
Strong verbal and written English language skills
Strong team building skills
Good interpersonal skills.
Ability to prioritise multiple tasks within a project using project management skills
Understanding of systems and processes as they affect the financial results (SAP, BPCS, SB14, Unison, etc)
Excellent computer skills including Excel, Word, PowerPoint
High communication skills, oral and written analysis and decision making
Cost Methodology standards
GAAP and National Accounting Plan.