Cost Accountant

Boksburg (onsite)

R720,000 - R840,000 CTC per annum

An opportunity to own product costing, inventory valuation, manufacturing cost analysis, and related financial controls.

An established South African manufacturer delivering cutting-edge solutions to the mining, road construction and trenching industries is looking for a Cost Accountant to join its team in Boksburg.

The Cost Accountant will be crucial in ensuring accurate costing, BOM integrity, and stock reconciliations, while analysing variances to improve pricing, profitability, and manufacturing performance.

Key Responsibilities:

• Maintain standard material, bought-out component, labour and overhead costs; align ERP data with approved local/import supplier prices and costing assumptions.
• Update BOMs, routings and master data with relevant departments to ensure ERP costing integrity.
• Report monthly on actual-versus-standard variances, gross margins and stock reconciliations.
• Analyse material usage, labour recovery, overhead absorption, scrap, rework and production variances; promptly escape significant exceptions.
• Ensure complete, accurate inventory valuation through cycle/annual counts, obsolete stock reviews and WIP reporting.
• Support inventory month-end close: manufacturing journals, accruals, provisions and reconciliations.
• Validate landed/new product costs, make-versus-buy decisions and margin assumptions with Production, Procurement, Engineering and Finance.
• Support annual budgets/forecasts with cost drivers, production assumptions, inventory provisions and standard cost reviews.
• Identify waste, inefficiencies, margin leakage and pricing anomalies; recommend corrective action.
• Prepare costing schedules, reconciliations, stock documentation and control evidence for internal/external audits.
• Improve costing, reporting and ERP controls to strengthen finance efficiency, accuracy and usefulness.

Qualification and Experience:

• Degree in Accounting/Finance
• CGMA/SAIPA qualified or in progress CIMA Management Level minimum.
• Minimum 3 years’ experience in a Cost Accountant or Management Accountant role within the manufacturing industry (non-negotiable).
• In-depth understanding of Bill of Materials (BOMs), WIP, Standard Costing, and Product Costing

Salary:

• R720,000 - R840,000 CTC per annum