Expired on: Feb 14, 2025

Job Title: Financial Controller
Grade: PE 06

Purpose of the role:

Ensure the effective management and monitoring of costs associated with manufacturing operations within the organization. This position is crucial for optimizing profitability, enhancing financial performance, and supporting strategic decision-making through accurate cost deployment. By maintaining a balance between cost efficiency and production quality, the cost controller plays a critical role in improving the overall profitability and competitiveness of Isanti Glass.

Key Performance Areas:

1. Monitor and Control Manufacturing Costs:

• Track and analyse production costs such as raw materials (glass, packaging materials), labour, energy, and overheads.
• Identify cost-saving opportunities without compromising product quality or safety.
• Ensure efficient utilization of resources like manpower, machinery, and materials.

2. Budgeting and Forecasting:

• Prepare and monitor budgets for various departments (e.g., production, maintenance).
• Work closely with management to forecast costs for future production runs and long-term financial planning.
• Through the use of IMS Management Tools develop financial models to predict and manage potential cost fluctuations, such as in the prices of raw materials or energy.

3. Variance Analysis:

• Compare actual costs with budgeted or standard costs and investigate any significant variances.
• Provide detailed reports on variances and propose corrective actions to align actual costs with targets.

4. Cost Optimization:

• Identify inefficiencies in the production process, such as excessive waste or equipment downtime.
• Recommend and implement cost-reduction strategies, such as process improvements, technology upgrades, or alternative sourcing.
• Optimize inventory management to reduce holding costs without risking production delays.

5. Price Setting and Profitability Analysis:

• Assist in setting the right pricing for glass packing products by understanding production costs and market conditions.
• Perform profitability analysis for various product lines and customer segments to ensure sustainable pricing strategies.

6. Internal Controls and Compliance:

• Ensure adherence to internal cost control policies, and ensure processes are in compliance with industry regulations and safety standards.
• Minimize the risk of fraud or financial leakage by implementing robust internal controls in cost-related processes.

7. Reporting and Decision Support:

• Provide accurate and timely reports on cost performance to management, helping them make informed decisions about production, pricing, and investment.
• Support management in strategic planning by providing data-driven insights on cost implications for future projects or expansions.

8. Collaboration with Other Departments:

• Work closely with the production, procurement, maintenance, and finance teams to align on cost objectives and operational goals.
• Facilitate cross-departmental efforts to optimize resource allocation and ensure production efficiency.

Qualifications & Experience:

• A degree in Accounting, Finance, Business Administration, or a related field is typically required.
• Minimum 3-5 Years experience in cost accounting, financial analysis, or a related finance role, preferably in a manufacturing environment.
• Completed articles in accounting will be an advantage.
• Specific Manufacturing Experience: Familiarity with cost structures, processes, and financial dynamics within the manufacturing sector.
• Excellent analytical and problem-solving skills, with attention to detail.
• Proven experience in budgeting, forecasting, variance analysis, and implementing cost control measures.
• Strong communication skills, capable of interacting effectively with clients and stakeholders.

Capabilities & Attributes:

• Strong understanding of cost accounting principles, budgeting, and financial analysis specific to manufacturing processes.
• Ability to analyse complex financial data, identify trends, and provide actionable insights for cost management and optimization.
• Proficient in financial software, ERP systems, and advanced Excel for data analysis, reporting, and modelling.
• Skills in managing multiple tasks and projects simultaneously, ensuring timely completion of cost-related initiatives.
• High level of accuracy in financial reporting, data entry, and analysis, ensuring the integrity of financial information.
• Strong ethical standards and commitment to compliance with financial regulations and internal controls.
• Team-oriented mindset, with the ability to work effectively across departments and foster positive working relationships.
• Flexibility to adjust to changing business conditions, priorities, and processes in a dynamic manufacturing environment.
• Strong verbal and written communication skills, capable of presenting complex financial information in an easily understandable manner.
• Commitment to ongoing learning and improvement, seeking ways to enhance efficiency and effectiveness in cost control processes.

 

Additional Information:
• Consideration will be given to Isanti Glass’ Employment Equity targets.
• Appointment is subject to qualifications and integrity checks
• If you don’t hear from us a month after the closing date, please assume your application was unsuccessful

 

 

To Apply:
Please submit applications at: https://isantiglass.com/careers

 

Closing Date: 14 February 2025

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