Prepare and maintain journal entry schedule, invoice schedule, creditor schedule and debtor schedule, cash collection schedule, cash receipt and payment schedule, cash flow schedule, trial balance schedule, balance sheet schedule and profit and loss schedule, bank reconciliation schedule, prepayment schedule and other schedule.
Prepare and maintain journal entry schedule, invoice schedule, creditor schedule and debtor schedule, cash collection schedule, cash receipt and payment schedule, cash flow schedule, trial balance schedule, balance sheet schedule and profit and loss schedule, bank reconciliation schedule, prepayment schedule and other schedule.
The Cost Accountant is responsible for assisting and developing policies and procedures in conjunction on how the Company determines its standard cost of inventory for Material, Labor and Mfg Burden. This position is responsible for ensuring that these policies are consistently applied across all Divisions. In addition, this position is responsible for the periodic update of the standard costs for inventory and are properly updated based upon the Company’s policies.
This position is responsible to ensure that all new inventory items (NPI’s – New Product Introductions) have been properly costed so that timely reporting of Cost of Sales can be determined in conjunction with the month end close schedule. This position is expected to work with Engineering and Sales (Quoting team) to ensure both BOM’s and MoM’s properly reflect accurate cost of an inventory item. This position is responsible to provide analysis on both Contribution Margin and Gross Profit Margin by both Verticals and Product Groups and to present their findings to Sr Leadership so that actionable decisions can be made to help improve profitability. This position is also responsible to assist in the budgeting process and ad-hoc reporting/projects for Strategic Business Units. Ad-hoc reporting and projects include data gathering, manipulation, summarization and analysis of financial and non-financial data identifying trends and opportunities.
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The Cost Analyst is a key contributor to the financial planning and analysis team, specializing in product costing, standard cost setup, and detailed cost analysis. This role involves meticulous review of monthly job costing, stock assessments, and collaboration with various departments to prepare accurate forecasts, budgets, and cash flow projections. The Cost Analyst plays a pivotal role in providing valuable insights for decision-making and maintaining financial accuracy within the organization. Supports the accountant in the monthly closure process and supports on the preparation of reports required for internal and external audits.
Own the maintenance and update of accurate standard cost in the Company’s ERP system.
Develop into the Company expert on the Inventory Module within the ERP system and to understand fully the transactions flow of the valuation of inventory, related cost of sales and quantize on hand.
Ensure that inventory reserve policies are properly adhered to for all sites.
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Support management in financial & management reporting, coordination, cost control, administration, and process improvement.
Analyse information, prepare reports, monitor departmental performance, coordinate management initiatives, and ensure that assigned activities are completed accurately and within the required timeline. Analyse actual results against budget and forecast and explain significant variances.
Prepare monthly management reports, operational reports, and performance summaries.
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