Senior Cost Accountant

JOB PURPOSE 

Provide support to finance and operations with the analysis of cost structures and development of costing principles and processes.

KEY PERFORMANCE AREAS 

Develop costing modules
•    Develop and maintain costing processes to track and analyse relevant cost structures/projects/activities of service delivery.
•    Prepare cost allocation principles and processes to ensure proper distribution of costs across various indicators and/or projects.
•    Develop and maintain costing principles, processes, projections and scenarios to support strategic planning, investment evaluation and decision-making processes.

Measuring and assessments
•    Collaborate with divisional heads and business units to analyse and cost operational processes/performance targets/projects to ensure alignment with strategic objectives and financial goals.
•    Conduct cost analysis and productivity assessments of operational processes/performance targets/projects, identifying opportunities to reduce costs and or improve productivity.
•    Perform variance analysis and trend analysis of key performance indicators (KPIs), comparing actual results to set standards and analyse variances.
•    Analyse and evaluate additional funding requests and business initiatives, determine standard expected outputs and measure against unit’s projections.
 
Stakeholder interactions and support
•    Provide financial insights and recommendations to management on productivity/efficiency enhancement opportunities, operational efficiency improvements and other cost reduction strategies.
•    Liaise with divisions to optimise resource utilisation and financial planning.
•    Collaborate with cross-functional teams, including finance, accounting and operations to gather data and share insights.
•    Stay updated on industry trends, market dynamics, and regulatory changes affecting the business environment, and incorporate relevant insights into financial modules, analysis and decision-making.
•    Communicate financial information, analysis, and recommendations effectively to stakeholders, including senior management, governance structures as well as internal and external auditors.
•    Be a technical reference, coach and review the work of others

Compliance
•    Maintain confidentiality, integrity, and accuracy in handling financial data, ensuring compliance with internal policies, accounting standards where relevant, and regulatory requirements.
•    Ensure consistency in the FIC’s budgeting process through the provision of accurate cost estimates and expenditure trends.
•    Adhere to internal policies, procedures and processes.

EDUCATION, SKILLS, AND EXPERIENCE 

•    B Com Accounting
•    BCom (Hons) will be advantageous.
•    Minimum of 6 years’ financial management experience in costing, budgeting and general financial management skills
•    Proficient in Excel – at advance level
•    Communication (verbal and written) skills
•    Possess well developed negotiating skills
•    Influencing and collaborating.
•    Experience in handling (analysing) high volume information / data
•    Innovative, adaptable, highly organised and system orientated.
•    Ability to work under pressure with or without full-time supervision.