Job Purpose
The Management Accountant will be responsible to provide management accounting support and insight for the relevant customer/principal/depot.
Key Responsibilities
Pricing:
Partner with customer managers to develop principal/customer specific pricing strategies.
Maintain profitability through development of price adjustment negotiation packs.
Monitor in/efficiencies that need to be taken into pricing.
Draft commercial terms of agreements.
Budgeting and Forecasting:
Preparation of the annual budget and quarterly and monthly forecast pack for presentation to exec.
Coordinating the budget inputs from various depts across the business, performing reasonableness checks, marrying operational stats to financial KPI's.
Project Management:
Responsible for identifying logistics areas for process improvement and cost savings to ensure expectations are met.
Lead, manage and facilitate reporting improvement projects across the business.
Monitor industry standards, trends including technological trends, or practices to identify developments in logistics planning/execution and reporting.
Identify training, coaching and mentoring opportunities where possible for the team to achieve performance targets.
Reporting:
Oversee, analyze and interrogate results in TM1 by customer/principal and depot.
Managing the focused delivery of an accurate monthly scorecard.
Understanding and managing of the data accuracy and reconciliation in TM1.
Streamlining existing processes and removing manual/paper-based tasks in order to reduce the risk of human error and improve speed of information delivery.
Overseeing the balancing of all reports, sign off on recons and documented investigation of variances.
Publish weekly and monthly "snapshot" reports as required by the business in an accurate and timely manner by:
Developing a broad knowledge base of the organizational processes and policies.
Staying fully informed of operational objectives, performance and critical trends.
Focusing on the compilation of a monthly commercial reporting pack that highlights.
Focus points for the month, exposes core issues, generates action plans and assigns responsibilities.
Engaging with Management through presentation of the monthly commercial report and follow-up sessions where appropriate in order to provide the business with the tools to make informed strategic decisions, implement change and maximize profitability.
Assist in the review and actioning of TM1 variance reports prepared using data extracted from TM1.
Analyse and explain KPI fluctuations and variances.
Provide monthly commentary for submission to the Commercial Manager.
Track contracted commercial arrangements and ensure adequate billings/provisions are accounted for accurately and completely within the relevant month end financial data.
Cost analysis (ABC Model):
Understand the ABC Model and cost drivers.
Provide commercial insight into variances of cost drivers month on month.
Identify changes in the business that need to flow through the model.
Maintain data process flows and present changes at commercial team meetings.
Analyse costs against budgets and forecasts.
Provide input driving optimisation of efficiencies in the depot environment.
Analyse all input costs within the cost centre.
Analyse proposed changes to cost allocation (as a result of trials or change in specifications) and assist with data collection of new business proposals.
Implement cost management initiatives within the team.
Variance Analysis:
Understand the SAP cost centers and the upload into TM1 to assist in variance explanations.
Prepare presentation of major variances to Commercial Manager.
Participate in investigations and audits to support initiatives designed to control costs and maximize profits.
Provide commentary on the monthly reporting packs, ABC model month on month variance analysis.
Calculate the actual impact of changes that have been made and new cost allocation and present to Management Accountant.
Analyse actual KPI's versus budget and work with the teams to address areas of non-conformance or concern proactively and timeously.
Information and Data Management:
Ensure team members accurately and regularly capture data into the information system to enable access to reliable data and reporting for trend analysis and decision making.
Share relevant data with management teams to enable reliable business decision making.
Take responsibility for data accuracy and completeness for the relevant model.
Customer Service:
Respond to customer queries regarding information relating to the Operations activities.
Engage with Fleet Management, Operations team, Planning and Finance to improve efficiency and reduce cost to serve in order to provide cost effective customer service.
Act as global go-to person for all Operations data quality related questions.
Qualifications, Skills and Experience Required for the Job
Qualifications and Experience
Matric.
Minimum a BCom or equivalent.
CIMA / CA qualification will be an advantage.
3 to 5 years management accounting experience, including commercial costing and some exposure to processing or manufacturing environments.
Skills and Competencies
Computer literacy (SAP and MS Office skills prerequisite).
Report writing.