Production Controls Accountant at Platinum Careers

Business Unit: Finance Department Name: Corporate

PURPOSE OF JOB

Oversee the financial process of production activities which ensures adequate financial reporting of same

DUTIES & RESPONSIBILITIES

• Ensure BOMs are set up with the correct ingredients and quantity as well as the correct conversion costs
• Continuous review of BOM to ensure they reflect production inputs
• Work with production / technical team to ensure regular update of the BOM based on changes made to grist
• Manage the overall costing process through BOM investigation, ensuring that the standard costs for current and new products reflect the true picture and that changes are pro-actively reconciled and communicated
• Monitor extraction rates to ensure they are correctly reflected on the BOM as well obtain explanations for deviation
• Ensure all variances from standard consumption are explained with corrective measures to mitigate against recurrence
• Continuous review of production process with process owners to ensure optimal performance and usage of production materials
• Investigate and analyze Material Usage Variance (MUV) and obtain meaningful explanations from the production team on the variances.
• Work with production team to ensure variances highlighted are closed and mitigated against
• Work together with production team to reduce stock variances during stock count. Co-ordinate stock take activities for all production
• Investigate all stock count variances relating to production and resolve all issues highlighted thereon
• Ensure batch/production orders are properly created and ended
• Daily review of production data postings into AX to ensure correctness
• Prepare all month-end reports and analysis on production highlighting areas of improvements and cost savings
• Analyze moisture gains/losses on wheat, flour, bran, offal etc. Review of extraction rates and grist
• Advise on the impact of grist changes
• Ensure new SKUs are promptly and correctly set up
• Support production team and be the first point of contact for production team on ERP issues Develop SOPs and other production control measures for production data inputs
• Provide support for the Site Operations Managers/Production Managers on production activities as they relate to Finance
• Ensure all BOMs have the correct conversion costs
• Analyze and review conversion costs with the Head of Manufacturing Finance, and key business partners, explaining key issues.
• Continuous analysis and review of production recoveries/burdens to ensure they are up-to-date
• Comparison of production recoveries and burdens with actual conversion costs and closure of gaps identified
• Comparison of production recoveries and burdens with actual conversion costs and advice on optimal recovery
• Partnering with millers and providing support involving financial implication of activities in the mills

EDUCATION

• Minimum requirement: First Degree or equivalent qualifications in business, management or social sciences.
• Added advantage: Master’s Degree and/or MBA

EXPERIENCE

• Minimum requirement: 5-7 years cognate experience
• Added Advantage: Manufacturing experience

PROFESSIONAL (MEMBERSHIPS & CERTIFICATIONS)

• Minimum requirement: N/A
• Added Advantage: ACCA / ICAN

KEY COMPETENCY REQUIREMENTS