Senior Accountant: Cost

MAIN PURPOSE OF THE JOB:

Provide ongoing costing and production information, analysis of cost variances, justification of costing projects, margin analysis and tracing costs back to underlying activities. The position also constructs and monitors cost-effective budget and actual reporting systems needed to provide an appropriate level of management (cost and performance) information, and supports budget holders on financial and costing disciplines.

Key Performance Areas:

• Ensure adequate management reporting per sub division and coordinate monthly cost meetings with management/budget holders.
• Assist in the compilation of key business metrics and report on them in monthly management reports.
• Report on productivity measures cost per ton/Hour/MTTR MTBF etc.
• Perform Economic Value Analysis where required for new projects.
• Provide site support through accurate cost allocations on stock, POs and labour.
• Prepare cost center reports and allocate overheads monthly to determine profitability.
• Identify and analyse expenditure trends and performance against budget.
• Ensure accurate cost allocation per area/cost center and rectify it through month end journals.
• Monthly and year end accruals for cost realized but not expensed yet.
• Confirm stock valuation classes for new stock applications.
• Produce weekly cost reports to EXCO.
• Identify possible cost saving opportunities, discuss with end-users and, in collaboration with end-users.
• Manage and follow up on departmental cost saving projects to provide timely feedback to Management.
• Maintain and improve cost accounting system.
• Assist SCM with bi-annual stock count at all SU Warehouses.
• Coordinate and manage the annual budget process in terms of timing, guidelines, communication and facilitation with allocated departments.

Requirements and experience:

• Grade 12 or current NSSCO with 20 points over 5 subjects.
• B. Comm degree or other relevant Accounting Degree (NQF level 7).
• Honours degree or postgraduate diploma in Management Accounting (NQF level 8) will be an added advantage.
• Professional Accounting/Membership: CIMA/ICAN is an added advantage.
• Minimum 5 years Management Accounting experience, of which 2 years should have been in a senior capacity.
• Experience in the mining industry.
• Experience in the application of Management Accounting and Costing Principles, Practices and Models.
• Sound governance, internal controls, reporting experience.
• Valid Code B/BE Drivers License