Cost and Management Accountant needed at National Bioproducts Institute

Minimum Requirements    

• B Tech Cost and Management
• Accounting/CIMA/ B Comm Honours Accounting
• Knowledge of ERP systems – SAP advantageous
• A minimum of 3-5 years’ cost accounting
• Experience in a manufacturing environment

Duties & Responsibilities    
Product Costing

• Manage and update standard cost of all products
• Liaise with Planning & Logistics to ensure product costs are updated for changes to Bill of Materials
• Review changes to Bills of Materials on a monthly basis for validity
• Establish yearly standard and review labour and overhead rate variances for the plant
• Assist with annual budget preparation (product costs, overhead rates)

Cost Accounting

• Monthly Work in Progress valuation
• Analyse production variances, obtain explanations and determine corrective action plans
• Monitor and report on progress against agreed action plans
• Monthly review of process orders and relevant status
• Review monthly factory overhead spend versus budget, highlight variances and discuss with relevant cost centre manager
• Incorporate changes in overhead rates/allocations into product cost model
• Participate in half yearly and annual stock counts

Management Accounting

• Analyse price variances on a monthly basis and report to management
• Review inventory holding on a monthly basis, highlight slow moving and embargoed inventory items and ensure required provisions are raised
• Inventory reporting and explanation of movements
• Monthly reporting on stock write offs
• Preparation of Journal entries
• Prepare general ledger reconciliations for accounts under your control
• Ensure monthly statistical data is compiled and reported to Statistics SA in stipulated timeframe
• Identify areas for improvement and recommendations on how to improve overall cost effectiveness within the business

General

• Attend to ad hoc tasks as assigned by the Financial Manager
• Develop financial reporting tools to assist with management accounts
• Assist in finance related projects

Core Competencies

• Leading and Influencing Others
• Managing Relationships
• Personal Leadership
• Business Impact
• Strong communication and interpersonal skills
• Ability to work under pressure
• Planning and organizing
• Strong attention to detail and accuracy
• Able to proactively identify and resolve problems
• Analytical and problem solving skills
• Responsible and accountable
• Ability to work in collaborative team environment
• SAP Preferred

Deadline:17th December,2025