Supply Chain Finance Manager - Durban
Network Finance
Reference: NFR003032-PaB-1Are you ready to take charge of financial performance and streamline operations within a dynamic cluster of factories? My client is seeking a skilled Supply Chain Finance Manager to join their team and drive excellence in cost management and inventory control. If you're a detail-oriented individual with a passion for optimizing processes and ensuring financial transparency, we want to hear from youThis role is based in Durban, South Coast.Key Responsibilities: Set and Monitor Standard Costs: Utilize a fully absorbed, activity-based model in collaboration with Procurement and Operations to establish and oversee standard costs. This includes costings for new products and revisions to existing costs. Accurate Bill of Materials Management: Ensure timely and precise loading of new and amended bill of materials to support production efficiency. Performance Reporting: Weekly reporting on factory performance, including current month's performance and forecasted performance, allowing for proactive decision-making. Order Management: Review and follow up on open and long outstanding orders to maintain optimal inventory levels and supplier relationships. Month-End Reporting: Provide accrual lists, ensure adherence to cut-off transactions, and validate GL accounts for accurate month-end reporting. Prepare necessary documentation to support adjusting journals. Cost Variance Management: Manage daily cost variances, escalating material items to site management for resolution. Monthly reporting on material cost variances, over/under recoveries, and improvement projects. Cost Control and Budgeting: Support department heads with cost control, budgeting, and forecasting activities. Perform revisions or simulations as needed to ensure financial targets are met. Financial Transparency: Ensure full visibility of costs and the financial impact of major decisions across factories. Evaluate investment proposals and conduct sensitivity analysis to ensure expected returns. Internal Controls and Audit Support: Ensure adequacy and compliance of internal controls, supporting audit processes, and implementing audit recommendations. Take ownership of control self-assessment program. Cost Reduction Initiatives: Identify opportunities for cost reduction and actively contribute to improvement projects. Review and validate proposed savings to drive operational efficiency. Inventory and Fixed Assets Management: Support FSSC with inventory and fixed assets balance sheet reconciliations. Ensure integrity of stock takes and adherence to standard operating procedures. Team Leadership and Development: Provide guidance and support to cost accountant and cost analysts, ensuring the integrity and timely delivery of their outputs. Qualifications: Bachelor's degree in Accounting, Finance, or related field. Completed CIMA designation (non-negotiable). Proven experience in cost and inventory management, preferably in a manufacturing/factory environment. Proficiency in ERP systems and MS Office Suite, particularly Excel. If you are interested in this opportunity, please apply directly. For more finance jobs, please visit www.networkrecruitment.co.za.If you have not had any response in two weeks, please consider the vacancy application unsuccessful.We also invite you to contact us to discuss your next career move in finance R 950 000 - R 980 000
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