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Job Summary
This manufacturing concern is looking for a standard costing guru who will accurately process financial information, ascertain and analyse costs and support stakeholders with the interpretation of financial information to enable business decision making.
The ideal individual for this role will have hands-on experience with cost and management accounting.
The key responsibilities for this role will include:
- Develop, maintain, and review standard costing models for raw materials, labour, and manufacturing overheads.
- Calculate and update standard costs for finished goods and components, ensuring alignment with production processes and pricing strategies.
- Analyse cost variances (material, labour, overhead, usage, and yield) and investigate root causes.
- Prepare detailed variance reports and provide recommendations to management for cost control and operational improvement.
- Monitor and reconcile Work in Progress (WIP) balances, ensuring accurate valuation and timely reporting.
- Track production orders through the manufacturing cycle, identifying bottlenecks, delays, and abnormal losses affecting WIP.
- Review, maintain, and validate Bills of Materials (BOMs) to ensure accuracy of material usage, quantities, and routing information.
- Collaborate with production, engineering, and procurement teams to update BOMs for new products, process changes, and cost reduction initiatives.
- Perform inventory valuation and stock reconciliations, ensuring compliance with accounting standards and company policies.
- Support month-end close by preparing cost journals, reconciliations, accruals, and manufacturing cost reports.
- Prepare management reports on production costs, inventory movements, WIP, BOM variances, and profitability analysis.
- Assist in budgeting and forecasting by providing cost assumptions, standard cost updates, and production cost projections.
As you will be responsible for hitting the ground running extensive experience is essential.
Qualification:
- Completed Degree in Accounting, Finance or related
- CIMA registration (non negotiable)
Experience:
- 5+ years experience in a similar role within a Manufacturing environment
- 3+ years experience in standard costing
- Proficient Microsoft Excel skills and SAP
Skills Required:
- Deadline driven
- Business acumen
- Client/stakeholder commitment
If you are interested in this opportunity, please apply directly. For more finance jobs, please visit www.networkcontracting.co.za
If you have not had any response in two weeks, please consider the vacancy application unsuccessful. Your profile will be kept on our database for any other suitable roles/positions.
For more information contact:
Riah Mthimunye
Sourcing Specialist
Network Contracting
Recruiter
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