Overview
Cost and Management Accountant Jobs in Durban, South Africa at Tower Group (Pty) Ltd
Our client in the Automotive Manufacturing industry is seeking a Cost and Management Accountant to join their team based in Durban.
MINIMUM REQUIREMENTS
Grade 12
Bachelor of Commerce / Diploma in Financial Accounting.
Minimum 2 to 3 years’ experience in management accounting role.
Automotive Industry and Manufacturing Environment experience.
MAIN JOB FUNCTIONS
Prepare and review detailed product costing analysis for all new parts.
Analyse all current parts and make recommendations for the financial recovery on distressed parts.
Calculate and propose potential price increases.
Review GP percentage of individual BOMs and identify distressed parts.
Participate incontinuous improvementinitiatives.
Provide indicative “what-if” costings and impact on profitability for new product generation and specification to existing products.
Work closely with the technical team to ensure the integrity of the control sheet.
Work closely with factory accountants to facilitate an understanding of and ensure that the most current costs (both production and distribution) are used when calculating profitability.
Effectively communicate and present findings, as well as recommendations, to the commercial manager, business development manager, technical team, and the rest of the cross-functional team.
Provide meaningful profitability information and recommend ways to optimise OEM profitability and project profitability for new business.
Recover margin in underperforming categories by highlighting commercial impact (margin enhancement vs volume opportunity) and assist instrategic decision-making.
Support the business development managers in the use of system tools regarding costing and profitability.
Support the commercial manager in considering product rationalisation, mix comparisons, and other business improvement opportunities.
Challenge product enhancement opportunities.
Attend customer and commercial meetings to provide insight into ongoing projects and commercial items.
Create a platform within quarterly profitability reviews to evaluate the success of projects post-launch, providing insight and learnings that can be taken into future launches.
Develop suitable standards of commercial reports that will provide insight, stimulate further discussion, and assist in decision-making across RFQ patch.
Work closely with IT to automate reporting where possible.
Weekly tracking of costings done to create visibility of projects and manage workload with project and customer teams.
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Title: Cost and Management Accountant
Company: Tower Group (Pty) Ltd
Location: Durban, South Africa
Category: Business, Finance & Banking
