Key Purpose Statement
To own the maintenance of product costing and the bill of materials. Ensure timeous analysis and insights on Cost of Goods Sold performance for CCBSA in order to support timeous and accurate business decision-making.
Key Duties & ResponsibilitiesKey Outputs and Accountabilities
Cost of Goods Sold
Prepare the Bill of Material (BOM) analysis (month and year to date) versus multiple plans and Prior Year (PY) and provide insightful commentary on the analysis. Preparation of variance analysis against comparatives (Budget, Rolling Estimates, prior periods) and provide insightful commentary. Prepare and submit monthly CoGS slides for review prior to inclusion into the business review. Problem solve any discrepancies relating to master data to ensure accurate or complete costing. Identify and communicate any issues on product costing related to value chains to senior management to enable meaningful negotiations between CCBSA and The Coca-Cola Company (TCCC). Analyse and provide insights on price variances to ensure accurate costing across existing ERP systems. Identify and execute process improvement initiatives for BOM analysis, product costing, raw material analysis etc. Ownership of and accountability for the accuracy of all costing data for CCBSA (including new products, promotional products etc.). Work with Technical and Commercial department on the costing of new products. Prepare the budget product costing models for each plant to support the delivery of the CoGS budget. Prepare the BOM budgets for plant and company to ensure accurate CoGS targets are set. Prepare and perform product cost estimates for ERP (monthly, annual, ad-hoc) as part of maintaining costing on the ERP system. Create costing runs for updates required at month end due to change in standard prices. Identify focus areas where commodity increases are not in line with the Consumer Price Index (CPI) or market related to ensure risks and opportunities are timeously identified and communicated. Complete statutory templates covering raw material purchasing and management for submission to the Financial Controller.Governance
Implement the identified Risk and Control Matrix (RACM) controls to comply with the RACM framework requirements and mitigate financial risk to the business. Conduct quarterly self-assessment to identify areas of non-compliance relating to management reporting and cost of goods. Attend quarterly full-stock count within region, as a management control requirement, to ensure accurate stock reporting. Attend the monthly commodity stock counts to ensure accurate stock reporting. Source and provide information required for the statutory audit process for identified entities in the South African statutory group structure to ensure compliance to International Financial Reporting Standards (IFRS) and audit controls. Upload collated evidence onto relevant platform as required by Corporate Audit Division (CAD) as per The Coca-Cola Company (TCCC) as well as internal auditors and external auditors to assess internal controls compliance and correct accounting aligned to IFRS. Implement action plans to ensure closure of audit findings and mitigation of further risk to the business. Prepare General Ledger reconciliations for identified accounts, as per RACM requirements. Skills, Experience & EducationQualifications and Experience
BCom Honours or equivalent. Chartered Accountant of South Africa (CA(SA)) / Certified Institute of Management Accountants (CIMA) would be advantageous. 4 years’ operational finance experience. Previous experience in managing a complex reporting function an advantage.Competencies
Integrity and Trust
Is widely trusted; is seen as a direct, truthful individual; can present the unvarnished truth in an appropriate and helpful manner; keeps confidences; admits mistakes; doesn’t misrepresent him/herself for personal gain.
Ethics and Values
Adheres to an appropriate (for the setting) and effective set of core values and beliefs during both good and bad times; acts in line with those values; rewards the right values and disapproves of others; practices what he/she preaches.
Customer Focus
Is dedicated to meeting the expectations and requirements of internal and external customers; gets first-hand customer information and uses it for improvements in products and services; acts with customers in mind; establishes and maintains effective relationships with customers and gains their trust and respect.
Timely Decision
Making Makes decisions in a timely manner, sometimes with incomplete information and under tight deadlines and pressure; able to make a quick decision.
Comfort Around Higher Management
Can deal comfortably with more senior managers; can present to more senior managers without undue tension and nervousness; understands how senior managers think and work; can determine the best way to get things done with them by talking their language and responding to their needs; can craft approaches likely to be seen as appropriate and positive.
Approachability
Is easy to approach and talk to; spends the extra effort to put others at ease; can be warm, pleasant, and gracious; is sensitive to and patient with the interpersonal anxieties of others; builds rapport well; is a good listener; is an early knower, getting informal and incomplete information in time to do something about it.
Action Oriented
Enjoys working hard; is action oriented and full of energy for the things he/she sees as challenging; not fearful of acting with a minimum of planning; seizes more opportunities than others.
Interpersonal Savvy
Relates well to all kinds of people, up, down, and sideways, inside and outside the organization; builds appropriate rapport; builds constructive and effective relationships; uses diplomacy and tact; can diffuse even high-tension situations comfortably.
Knowledge
• International Financial Reporting Standards (IFRS) reporting standards used to regulate reporting standards.
The advert has minimum requirements listed. Management reserves the right to use additional or relevant information as criteria for short-listing. Interested applicants, who meet the above employee specifications, should please apply. Suitable equity candidates will be given preference in line with our Equity Plan.