Nandos Feitoria is looking for a talented Factory & Cost Accountant to join our dynamic team in Midrand, Gauteng. This is a permanent position that plays a crucial role in ensuring financial accuracy and efficiency within our factory operations. If you have a strong background in cost accounting and are ready to take on new challenges, we invite you to apply.
Factory & Cost Accountant Job Overview
- Job Title: Factory & Cost Accountant
- Reference Number: NAN240715-1
- Department: Finance
- Job Type: Permanent
- Reporting To: Finance Manager
- Number of Positions: 1
- Location – Country: South Africa
- Location – Province: Gauteng
- Location – Town/City: Midrand
- Closing Date: 2024/07/22
Factory & Cost Accountant Job Description
As the Factory & Cost Accountant, you will be responsible for ensuring compliance with all financial procedures in the factory. You will manage and control new systems, drive cost-saving initiatives, and conduct profitability and variance analyses. Your key duties will include accurate costing throughout the manufacturing process, variance analysis, stock reconciliations, month-end reporting, and managing bills of materials (BOM).
Minimum Requirements
- Education:
- Diploma in Cost & Management Accounting
- CIMA Managerial Level
- Skills and Experience:
- Advanced knowledge of mathematics and statistics.
- Understanding of cost accounting principles, standards, and methodologies.
- Strong financial analysis skills.
- Ability to prepare financial reports and provide recommendations based on data.
- Understanding of production processes and ability to conduct variance and analysis of production orders.
- Minimum of 3 years’ experience in FMCG/Manufacturing.
- Ability to perform risk and security assessments.
- Excellent attention to detail.
- Effective communication skills, including writing, speaking, and active listening.
- Collaboration and teamwork capabilities.
Key Duties and Responsibilities
Cost Accounting
- Create, amend, and manage Bills of Material (BOM).
- Translate formulations into BOMs.
- Create and maintain cost estimates and generate monthly reports for the CFO.
- Understand product costing and cost products from receipt supplied (marginal, ABC).
- Determine scrap factors and generate production reports using expenditure data.
- Upload new standard costs and release cost estimates in SAP.
Internal Controls and Analysis
- Understand the production process and manage TECO, ERTR, REL, CLSD.
- Handle production GRV and consumption, including monthly balancing accruals.
- Analyze production order variances and report monthly to the CFO.
- Maintain and analyze standard cost methodologies.
- Review the WIP account daily.
Factory Collaboration
- Work with factory staff (warehouse, production, production planning, etc.).
- Lead factory staff and assist with correct process flow.
- Report and present on slow-moving and obsolete stock as well as provision adjustments.
- Present weekly on factory non-conformances and financial adjustments.
Projects and Ad Hoc
- Assess capital projects and ROI.
- Perform ad-hoc duties as required.
- Manage financial and accounting software used by the company.
Financial Accounting
- Approve GL accounts and cost centers on purchase requisitions.
- Assist in checking and signing off creditors’ reconciliations.
- Create assets in SAP.
- Process monthly journals.
- Handle audit queries related to inventory and cost of sales.
Reports
- Generate production, sales, PPV, inventory turnovers, and manufacturing costs reports.
- Conduct monthly spend analysis reports.
Inventory
- Check and sign off daily cycle counts adjustments.
- Investigate high variances with warehouse team members.
- Organize, coordinate, participate, and complete the annual stock take.
How to Apply
To apply for this position, please ensure that you meet the minimum requirements and have the necessary experience. Submit your application by the closing date, 2024/07/22, referencing the job title and number: Factory & Cost Accountant – Feitoria (NAN240715-1).
Click on this link to apply: Apply Here
If you are a skilled accountant with a passion for finance and cost management in the manufacturing sector, the Factory & Cost Accountant position at Nando’s Feitoria is an excellent opportunity for you. This role is crucial in ensuring financial accuracy and efficiency within our factory operations in Midrand, Gauteng.
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