Overview Reference Cost Management Acco Salary ZAR/month Job Location - South Africa -- Johannesburg Metro -- Johannesburg Job Type Permanent Posted 03 October 2023 Our client is seeking a dedicated and detail-oriented Cost Management Accountant to join their finance team. The Cost Management Accountant will play a crucial role in managing and optimizing costs across the organization. If you have a strong background in cost accounting and financial analysis, and you're passionate about helping a company operate more efficiently, we encourage you to apply. Responsibilities: Forecasting Weekly forecast of sales/cost of sales/margin / overheads&EBIT Cashflow forecasting and variance analysis Forecasting project closures/ppt's / cost and margins Income statements, balance sheet and c,ash flow statements Cash Management and Optimisation Budgeting Compiling and submission of the annual budget Contract budgeting - actual vs. planned cost with variance analysis Analysis of contract cost *** budget against cost Manpower budget vs. actual Review of revenue and cost centrecenternces Project Accounting Hours accounting and recovery analysis Actual vs. planned with variance analysis Project cashflows actual against budget Perform trend analysis and actively evaluate project cost and schedule performance to identify potential risk areas, validate forecasts, and communicate same to key stakeholders Cost Control Setting and reviewing standards Reviewcentercentre cost and advisecentercentre managers on improvements Monitoring major cost and highlighting cost savings on expense accounts where necessary Work closely with key stakeholders to identify project risks, and lead the cost and schedule contingency management process for assigned projects Tender Review&Qualifications on large projects Developing controls systems and procedures Support of Branches - Dealing and resolutions of queries/problems from branches SARB, Tax and DTI Incentives - Apply, process and adhere to reporting requirements Bank limits and Guarantees - Negotiate facilities ensuring company liability is maintained Reporting German reporting Develop dashboards to communicate cost and schedule performance in real time. Monthly management report to Germany&Head Office Providing Project Managers, performance status and reporting, baseline change control, and risk management Managing project control audits with regards to policies, procedures, and systems Assisting with the audit pack and accounts reconciliations and queries New Systems Implementation Review analysis and report on the proposed new system Participate in the business process, development and design and implementation - member of steering committee Review present financial policies and procedures Quality Management Follow strict procedures and processes dictated by ISO processes and company procedures Develop accounting procedures to improve process and controls where necessary Report and accounting as per regulatory and legal requirements Ensure adequate control measures are in place in terms of security, confidentiality and documentation Risk Management Insurance Monitor business transaction, claim liability and legal rights and obligations Review Insurance agreements and ensure insurance is in place New vehicle documentation, insurance and vehicle tracking devices Forward Exchange Contracts All exchange risks are to be covered in terms of the Company's policies Credit Control Setting credit limits for every debtor an reviewing debtors applications Setting weekly collection targets Reporting on overdue debtors and action steps required Review of all debtors limits Calculation of DSO Qualifications: BCom Accounting degree Preferred completed CIMA 5-7 years of experience in a similar role ERP system experience MS Office with solid excel skills, PowerBi IFRS standards knowledge is preferable Work effectively within a team, whilst balancing own priorities Be flexible and responsive to changes in the business that impact financial processes and reporting. Strong information monitoring and analytical skills #J-18808-Ljbffr