22nd January 2026 
Durban 
Full-time A well known company in the manufacturing industry is looking for a Cost Accountant to be based in Durban.
Job Purpose:
To Implement and Manage cost accounting systems to support the companies cost optimization and financial decision-making processes.
1. KEY PERFORMANCE AREA
Cost Accounting System Improvement.
- Establish and allocate indirect material usage to BOM.
- Maintain and allocate standard labor cost rates to work centers.
- Establish and allocate set up time to BOM work centers.
- Review and update product run times.
- Establish and update scrap percentage for all sub-assemblies
Cost Accounting & Analysis
- Maintain and update standard cost systems and ensure correct allocation of overheads.
- Conduct regular product costings , variance analysis and margin analysis and feedback to Commercial on under recoveries.
- Update machine rates in Syspro and report on Actual vs Recovery.
- Generate PPV reports and clear variances on a weekly basis.
- Analysis and clear Tooling and Maintenance Job variances.
- Close of Tooling and Maintenance jobs.
- Daily review of WIP accounts.
- Monthly presentation on slow-moving and obsolete stock.
- Manage Bills of Material (BOM)
- Reconciliation of actual material cost against standard.
- Collaborate with operations to track production costs and identify savings opportunities.
Budget & Forecasting and Management Reporting
- Assist in preparation of annual budgets and periodic forecasts.
- Distribute weekly departmental budget spend reports.
- Update weekly operations budget performance charts and present on variances and proposed action plans.
- Report on Tooling project budget variances.
- Load monthly requisition budgets in Syspro.
- Prepare departmental profit reports and report on variance between actual and customer recovery rate.
Inventory valuation and control
- Calculate inventory valuation in accordance with IAS2.
- Process daily cycle count adjustments.
- Create new stock codes in Syspro.
- Investigate high cycle count variances with Logistics team.
- Perform weekly / monthly Bom cost implosion.
- Participate in stock audits and physical inventory checks.
Financial Accounting
- Support audit queries related to inventory and cost of sales.
- Assist Financial Manager with ad hoc projects.
Budgets
- Ensure an understanding of the departmental budget, as may be applicable, and ensure a practice of cost control.
Reporting
- Ensure accurate and timely reporting as may apply to the respective KPAs for the position.
Job Requirements Specifications
- Degree in Finance / Cost Accounting
- CIMA is an advantage
- 7 years’ experience in a manufacturing environment.
Computer Literacy
- Microsoft excel.
- Syspro.
- Microsoft (Word, PowerPoint, Email)
Knowledge
- IAS 2 Inventory
- Cost Accounting principles, standards and methodologies.
- Strong financial analysis skills.
- Production process understanding.
Behavioral Traits (e.g., Interpersonal, attention to detail, etc.).
- Time management
- Able to communicate with groups
- Good writing skills
- Assertiveness
- Listening skills
- Problem-solving
- Meeting skills
- Detail orientated
Personal Attributes
- Approachable
- Good listener
- Calm in difficult situations
- Being comfortable with being firm
POPIA Statement
- Please note that when applying for any position, reference checks will be completed and personal information as defined in the Protection of Personal Information Act 4 of 2013 will be processed. In applying for this position, applicants will be deemed to have consented to such processing as defined in the included Privacy Statement.
- Please also note that if you have not been contacted within 1 month after the closing date of this advertisement, please accept that your application has been unsuccessful.
If you meet the requirements and interested please submit your application to recruitment@boikagogroup.co.za by 31 January 2026
This job is Expired