Job Objective/Purpose of Job:

The cost accountant will be responsible for overseeing and analysing cost expenditures and purchases within the organisation including production, prepare budget reports.

RESPONSIBILITIES

1. Production Accounting Management

• Analyse manufacturing costs and prepare regular reports comparing standard costs to actual production costs.
• Cross checking the procurement list provided by the production assistant
• Process and follow up with payments as required
• Make estimates of new and proposed product costs
• Provide management with reports that specify and compare factors that affect prices and profitability of products

2. Operational Cost Accounting

• Review services and products, record data, and make recommendations about cost-efficient and financially feasible cost options.
• Develop and maintain the cost accounting system, documents, and records of the organization.
• Analyse and recommend costs and cost savings.
• Able to collect, evaluate and interpret data, in both statistical and narrative form
• Prepare and complete internal cost audits.
• Collect cost information across all departments and maintain an expense database
• Assist in Audit and general ledger preparation
• Conduct physical inventory and monitor the cycle count on spa items and products
• Provide management with reports that specify and compare factors that affect prices and profitability of spa services being offered
• Develop and utilize spreadsheets, databases and other computer applications to keep accurate cost accounting records as requested
• Overview current accounting operational system and create new ideas that could aid revenue processing
• Make and submit detailed reports as required
• Construct data accumulation system for operations
• Handling various office duties as assigned or requested

3. Budgeting

• Be involved in all the necessary financial or economic research and budgeting for the accounting team
• Prepare (monthly, quarterly and annual) cost forecasts
• Prepare budgeting reports (for the spa and for production)
• Determine fixed costs, plan and record variable costs
• Analyse, report and create methods to maintain profit margin
• Assist with month-end and year-end budget review and closing

KEY PERFORMANCE AREAS:

Financial

• Job cost control
• Financial Budgeting evaluation

Process

• Accurate budget reports
• Cost Analysis & management

Customer

• Timeline to submission of reports
• Profitability margin level

Learning & Growth

• Operational internal cost audit
• Learning and Development on Production cost management

Education/Professional Qualification:

• BSc in Accounting or Finance or a related discipline.
• Relevant postgraduate and or professional qualification would be an added advantage.

Experience:

• Minimum of 2-5 years experience in cost accounting
• Experience with procurement and cost-control management

KEY SKILLS & COMPETENCIES REQUIREMENTS:

Functional/Technical:

• Detail Oriented
• Precision and articulate
• Strong time management skills
• Good Organisational skill
• Good communication skills both written and verbal
• Confident and Meticulous
• Outstanding presentation and reports skills
• Principles of accounting and financial analysis
• Problem solving and analytic skills

Behavioural:

• Flexible and reliable attitude to working arrangements
• Good interpersonal skills
• Ability to work alone as well as a team
• Adaptable, friendly, polite, courteous
• Excellent attention to details
• Analytical thinking
• Integrity and highly confidential