Cost Accountants at Talents and Skills Africa

DUTIES & RESPONSIBILITIES:

Cost Analysis:

• Conduct a detailed analysis of product costs, including direct materials, labor, and overhead, to identify cost-saving opportunities and improve profitability.

Variance Analysis:

• Monitor and analyze cost variances, providing explanations for any discrepancies between actual and budgeted costs.

Budgeting and Forecasting:

• Assist in the preparation of annual budgets and forecasts, working closely with cross-functional teams to ensure accurate and realistic financial projections.

Inventory Management:

• Collaborate with the inventory team to reconcile and analyze inventory levels, ensuring accuracy and identifying areas for improvement.

Process Improvement:

• Identify and implement process improvements related to cost accounting procedures, contributing to the overall efficiency of financial operations.

Financial Reporting:

• Prepare regular financial reports, including cost of goods sold (COGS) analysis, and present findings to management.

Compliance:

• Ensure compliance with accounting principles, company policies, and regulatory requirements related to cost accounting.