Based East Rand.
Join market leader that manufactures their industrial products for local and international markets and forms part of a local Group of Companies.
This medium sized business which employs approximately 230 staff (60 salaried and 170 wages) is the most profitable Subsidiary in the Group (Group turnover is ± R2.5 bn) that consists of 8 manufacturing & engineering Subsidiaries.
This position, which reports into the equivalent of a Financial Director will be his 2 IC.
The primary role of the management accounting function is to prepare all the reporting for the Company on a monthly, quarterly and yearly basis.
In addition, to also provide Management with meaningful accounting information to be used in their decision making process (a percentage of the information & data is taken from the plant and needs to be understood by the incumbent).
Key performance areas, inter alia, include:
Supervise the Cost Accountant and Maintenance Stores Clerk noting that both these positions are important so that the candidate can compile accurate and meaningful management information.As the Group uses Syspro 6.1 which is in the cloud, all the information will be extracted from this system and using a local reporting package, the candidate will need to prepare the Monthly Management Reports and Pack which is complicated due to the costing element (as explained above).
The Pack consists of Balance Sheet, Income Statement, Cashflow, Manufacturing Information and Supplementary Schedules required by the Holding Company.
This includes tonnage, yields, sales, purchases, margins per product, variance analysis (budgets versus actuals) as well as analysis thereof.
It is expected that meaningful relationships will be created with the staff from the Plant to obtain an understanding of the production process.Maintain accurate inventory information including inventory tonnage and value thereof.
Stock counts are done monthly and needs to be 100% accurate including correct cutoffs.
The inventory includes raw material, work in progress and finished goods.
Oversee Production Orders noting that the Cost Accountant does the physical leg work and the Management Accountant needs to ensure that it makes sense and is accurate.
In addition, oversee the management of Stores noting that the Maintenance Stores Clerk does the physical leg work.
The Maintenance Store houses the electrical components, mechanical components, engineering stock etc.
that is required by the Engineering Department.
Assist the Financial Director with the Budget & Forecast process where there are very strict deadlines, (including the Reporting Packs mentioned above) which are sent to the Holding Company.
It should be pointed out that the information required is directly connected to the production process and includes the dissecting of Bill of Materials.
Control the Annual External Audit to do the preliminary work for the Auditors.Further to the first point above, the analysis of information includes profitability of products, the cost of wasteage, input versus output, yield percentages, transport costs, analysis of exports which needs to be monitored and scrutinised, in-depth analysis of variable costs e.g.
gas, oxygen, waste etc.Requirements:
CiMA would be an ideal qualification, but the Client is flexible.
Other qualifications considered will include B Tech: Honours in Cost & Management Accounting or B Comm: Costing or similar.
It is a prerequisite that the candidate is from a manufacturing or engineering environment and has a good grasp of either of these sectors.
The need to have advanced Excel skills is mandatory which includes the use of BI tools as the position also requires the use of ODBC.
Ideally, knowledge of Syspro would be a significant asset in this role but the candidate must have had experience in one of the ERP Packages.
Proactive, assertive, able to challenge the status quo and driven.