Financial Accountant (Manufacturing Industry)

Square 1 Recruitment

Location
South Africa
Contract
Permanent
Minimum qualification
Bachelor's degree
Closing date

First listed . Last checked at source .

In brief

Overview This role is for a hands-on Financial Accountant with Management Accountant experience within an established manufacturing business. The position is part of the Finance & Procurement team and combines solid financial accounting with cost accounting, inventory control, and operational analysis. The successful candidate will be responsible for maintaining accurate financial records while also helping management understand manufacturing costs, variances, margins, and areas for efficiency improvement. The role requires comfort working closely with both finance and operational teams. What you will do * Prepare monthly management accounts and management reporting within required month-end deadlines. * Maintain and reconcile the general ledger, including accruals, prepayments and journals. * Maintain standard costs across labour, materials and manufacturing overheads. * Analyse manufacturing price, usage and efficiency variances and investigate the reasons behind them. * Ensure accurate valuation and reconciliation of raw materials, WIP and finished goods. * Analyse inventory gains/losses, stock adjustments, scrap and obsolete stock. * Assist with departmental P&L and gross margin analysis by product and department. * Manage fixed assets and monthly depreciation. * Support budgeting, forecasting, cost modelling and CAPEX analysis. * Monitor operational measures that impact profitability, including production efficiency and downtime costs. * Assist with VAT, Income Tax and PAYE submissions and ensure financial and regulatory compliance. * Support internal and external audits and maintain strong financial controls. * Work closely with management and operational teams to identify cost-saving and efficiency-improvement opportunities. Requirements (from the original advert) * Degree in Accounting or Finance; Honours would be advantageous. * Minimum 5 years' relevant experience within a manufacturing environment, including hands-on costing experience. * Strong practical knowledge of cost accounting, standard costing and manufacturing variances. * Experience working with inventory, raw materials, WIP and finished goods. * Solid general ledger, month-end and balance sheet reconciliation experience. * Strong analytical ability with the confidence to investigate numbers and identify what is driving financial performance. * Advanced Excel skills. * Pastel experience would be advantageous. * Comfortable working closely with factory/operations teams rather than operating purely within the finance function. * Strong attention to detail, data integrity and the ability to work to tight month-end deadlines. Who should apply This role is suitable for a Financial Accountant with Management Accountant experience who enjoys understanding the operational aspects behind financial numbers in a manufacturing environment. The ideal candidate is hands-on, experienced in a manufacturing setting (minimum 5 years, including costing), and comfortable collaborating with both finance and factory/operations teams. Candidates with a background as a Management or Cost Accountant from a manufacturing environment are encouraged to apply. Deadline Not specified Reference Original posting: https://www.jobmail.co.za/jobs/it-computer/other-it-computer/south-africa/financial-accountant-manufacturing-industry-id-7600382 Source: jobmail

Summary drafted with AI assistance from the original advert. The advert itself is the authority — how we use AI.

At a glance

  • At least 5 years of experience.
  • Microsoft Excel
  • Sage / Pastel

Extracted automatically from the advert; confirm requirements on the original listing.

Job description

If you’re a Financial Accountant with Management Accountant experience who enjoys getting behind the numbers and understanding what is actually happening in a manufacturing operation, this could be a great opportunity. We’re recruiting for an established manufacturing business looking for a hands-on Financial Accountant to join its Finance & Procurement team. This role combines solid financial accounting with cost accounting, inventory control and operational analysis — so we’re looking for someone comfortable working with both the finance team and the operational side of the business. You’ll take responsibility for maintaining accurate financial records while helping management understand manufacturing costs, variances, margins and areas where efficiencies can be improved. Key responsibilities will include: * Prepare monthly management accounts and management reporting within required month-end deadlines. * Maintain and reconcile the general ledger, including accruals, prepayments and journals. * Maintain standard costs across labour, materials and manufacturing overheads. * Analyse manufacturing price, usage and efficiency variances and investigate the reasons behind them. * Ensure accurate valuation and reconciliation of raw materials, WIP and finished goods. * Analyse inventory gains/losses, stock adjustments, scrap and obsolete stock. * Assist with departmental P&L and gross margin analysis by product and department. * Manage fixed assets and monthly depreciation. * Support budgeting, forecasting, cost modelling and CAPEX analysis. * Monitor operational measures that impact profitability, including production efficiency and downtime costs. * Assist with VAT, Income Tax and PAYE submissions and ensure financial and regulatory compliance. * Support internal and external audits and maintain strong financial controls. * Work closely with management and operational teams to identify cost-saving and efficiency-improvement opportunities. Requirements * Degree in Accounting or Finance; Honours would be advantageous. * Minimum 5 years' relevant experience within a manufacturing environment, including hands-on costing experience. * Strong practical knowledge of cost accounting, standard costing and manufacturing variances. * Experience working with inventory, raw materials, WIP and finished goods. * Solid general ledger, month-end and balance sheet reconciliation experience. * Strong analytical ability with the confidence to investigate numbers and identify what is driving financial performance. * Advanced Excel skills. * Pastel experience would be advantageous. * Comfortable working closely with factory/operations teams rather than operating purely within the finance function. * Strong attention to detail, data integrity and the ability to work to tight month-end deadlines. Benefits Salary & Benefits Competitive salary package based on qualifications and experience. This is an opportunity to take on a broad Management Accounting role where your work extends beyond producing financial reports. You’ll have direct exposure to the manufacturing operation and an opportunity to use financial information to influence cost control, margins and operational efficiency. How to Apply If you’re an experienced Management or Cost Accountant from a manufacturing environment and enjoy understanding the operational story behind the numbers, we’d like to hear from you. Submit your updated CV to be considered. Disclaimer By applying for this position, you consent to the processing of your personal information in accordance with the Protection of Personal Information Act (POPIA) for recruitment purposes. Square 1 Recruitment 2018 Fourways 2-10 Recruiter square-1-recruitment.zohorecruit.com/jobs/career-page About Square 1 Recruitment is a Professional Recruitment Agency with a focus on sourcing and placing technical people, into Permanent Roles. We work with companies across Multiple Industries in the South African Market. WE UNDERSTAND THAT GREAT AMBITION WITHOUT GREAT PEOPLE, IS IRRELEVANT!

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