65 Cost Analyst jobs in South Africa

Senior Cost Engineer/Cost Analyst page is loadedSenior Cost Engineer/Cost Analyst Apply locations Milnerton time type Full time posted on Posted Yesterday time left to apply End Date: August 31, 2025 (9 days left to apply) job requisition id JR001640 The Project Cost Analyst / Cost Engineer serves as the subject matter expert in project cost engineering, providing comprehensive cost engineering services to Refinery Capital Projects portfolio. Portfolio includes small, minor to major projects at various project life-cycle stages. Cost Engineering support involves reviewing, guiding and assisting project managers in managing of project cost budgets, forecasts, reporting, and control to ensure projects stay within approved project budget and business plans. The role also focuses on performance measurement, governance reporting, coordination of G&A (General & Administration) and Operational & Capital business planning.

LPS Stewardship : Effectively manage health and safety risks by actively participating in the LPS program. This includes proactively identifying opportunities for safety improvements and implementing necessary changes within the project control department and refinery wide. Furthermore, individual must be dedicated to completing all mandated compliance training in alignment with Astron Energy’s organizational standards.

Cost Reporting : Collect, gather, and analyse cost data from different sources to create complete detailed cost reports for small, minor and major capital projects. Ensure all cost data entered into the reporting system is accurate and complete. Provide regular project cost updates including TIC cost curves for project teams, project sponsors and management for review. Lastly, they keep records of all cost reports and related communication.

Project Cost Forecasting : Develop and update comprehensive project cost forecasts, with inputs from project managers, financial teams, and stakeholders to gather necessary information and ensure forecast accuracy. Analyse project data and make visible trends and issues, impacting project budget. Monitor and track the total installed cost (TIC) against the baseline budget and estimates to ensure financial targets are met.

Cost Control : Provide Support to project teams on all cost control queries relating to project portfolio, including but not limited to budget transfer, contingency drawdowns, raising purchase orders, purchase order amendments, foreign payments, etc.

Change Management : Collaborate regularly with project managers to ensure that all changes and modifications made to the project in comparison to the baseline budget are recorded on the Project Trend Register, accurately reflecting project changes.

Invoice Tracking and Accruals : Ensure timely processing and approval of vendor invoices, prepare and record accruals for expenses incurred but not yet invoiced, and reconcile invoices and accruals with the company's financial records for accuracy. Work closely with the finance and procurement teams to support smooth operations and maintain organized documentation of all related transactions.

Performance Measurement: Monitor project performance through established measurement frameworks. Gather, analyse, and interpret performance data to identify trends and forecast future project costs. Share these insights early in the project lifecycle to enable project managers to implement risk mitigation strategies proactively

G&A (General & Administration) Co-ordination : Annually, coordinate with the finance team to finalize the General & Administrative (G&A) calculation. Conduct a study to determine the amount of time refinery staff dedicate to projects by gathering feedback from team leads. Apply a percentage of time spent on projects to the labour burden to allocate costs appropriately. Use this rate across all capital expenditures to account for the salaries of permanent staff.

Business Planning Process : Collaborate with the Refinery Capital Planning and Finance teams to develop accurate inputs for annual Capex and Opex business plans. Review and analyse business plan outputs, providing constructive feedback to project teams and departmental leaders to enable effective monitoring, control, and continuous improvement.

Governance Reporting : Prepare presentation slides for Governance meetings depicting status of Capital Expenditure for capital projects. Develop a Capex forecast versus business plan report for capital projects, and monitor the expenditure status of small, minor, and major projects. Identify and highlight any projects that are behind on their spend targets.

Opex Budget Monitoring and Reporting : Coordinate with TSD team leaders to develop the Opex Business Plan. Continuously monitor and evaluate TSD Opex monthly, identifying and flagging any deviations from the plan for prompt corrective action.

Become Cost Engineering Expert for Refinery Capital Projects : Stay informed and up to date with the latest trends and AACEI (Association for the Advancement of Cost Engineering International) standards and best practices in cost engineering. Serve as an instrumental team member, providing specialist cost engineering advice and guidance to Refinery Capital Projects Teams.

Strive for Continuous Improvement : Continuously improve project controls department procedures, tools, and templates used in cost engineering to enhance accuracy, efficiency, and consistency across all projects.

Provide Innovative Solutions : Continually investigate advanced computer models, artificial intelligence and digital tools to enhance cost engineering support for Refinery capital projects. Provide innovative and modern tracking tools for cost engineering to complete projects within budgets

Provide Training and Skills Transfer : Provide training to project teams on cost engineering methodologies, tools, and templates. Offer guidance and mentorship to junior staff to enhance their skills and facilitate knowledge transfer.

Core Elements of Job

Key Performance Indicators

• Financial Perspective

Monthly project cost reports

Project tracking to achieve CPI > 1

Achieve 90-110% forecast accuracy

• Customer Perspective

Providing effective dashboards and management reports to enhance effective decision making by project managers and Refinery Leadership

• Business Excellence

Continuous improvement of project control procedures, tools and templates to simplify and improve end-user experience.

Successful rollout of new tools or templates

• People Management

Project Control awareness and training for Refinery capital project teams.

Relationships / Contacts / Communication

Who (internal & external) and Why (purpose of communication) and how often?

Internal

• Capital Projects Project managers and engineering teams- continuous inputs for project expenditure updates
• Technical Services Department Leads, Refinery Leadership and capital planner- monthly reports to provide updates of projects costs to make informed business decisions
• Finance, procurement, contracting teams – liaise with teams to provide key project inputs and cost information
• Project Control team – peer to peer group discussions and knowledge transfer

External

• EPCM, EC’s, external contractors and suppliers- for tracking and reporting project expenditure

Minimum Professional Qualification and Certification required:

• Graduate of any of the following: B Tech or BSc Quantity Surveying, B Tech, B.Eng. or BSc Engineering, B Tech or B. Com Accounting or any other finance- or business-related tertiary qualifications Required.
• Certified Cost Professional (CCP) with the Association for the Advancement of Cost Engineering International (AACEI) preferred.

• Work Experience:

• Minimum 5 - 10 years’ experience in large-scale project environment with project controls and financial controls exposure required.

• Knowledge; skills and competencies:

• Understanding of cost engineering principals (AACEI)
• SAP and Ariba Software proficiency
• Power BI will be an advantage
• Microsoft Office suite (experienced to intermediate / advanced level)
• Build relationships engage collaboratively with internal and 3rd party stakeholders
• Analytical Skills and anticipate / forecast pinch points
• Effective report writing and presentation skills
• Capital Portfolio Reporting

Application deadline:

Astron Energy is a leading supplier of petroleum products in South Africa, with a vast network of Caltex-branded service stations that make us one of the country’s top two petroleum brands. We are strongly committed to being a responsible corporate citizen, promoting education, health and economic development in an effort to build stronger communities and drive sustainable economic growth.

We own and operate the country’s third-largest crude oil refinery in Cape Town, which has a capacity of 100,000 barrels a day, and a lubricants manufacturing plant in Durban.

About the job Accountant: Cost Management

Accountant: Cost Management

Requirements

• Bachelor's Degree in Accounting, Finance, or a related field.
• Professional accounting certification (e.g., CIMA) preferred.
• Minimum of 5 years of experience in cost accounting, with at least 3 years in a leadership role.
• Valid driver's license and own vehicle.
• Frequent travel to 3 sites is a requirement of the position.

• Team Leadership :
  • Manage, mentor, and develop a team of assistant accountants and inventory controllers to ensure high performance and professional growth.
• Cost Analysis :
  • Conduct detailed cost analysis to identify cost-saving opportunities and provide actionable insights to management.
• Forecasting :
  • Lead the forecasting processes, ensuring accuracy and alignment with company goals.
• Financial Reporting :
  • Prepare and present comprehensive financial reports to senior management, highlighting key cost drivers and variances.
• Process Improvement :
  • Identify and implement process improvements to enhance efficiency and accuracy.
• Compliance :
  • Ensure compliance with relevant accounting standards and regulations.
• Controls :
  • Implement accurate control measures.

Job Title: Cost and Management Accountant

Location: Cape Town, South Africa

Industry: Fast Moving Consumer Goods (FMCG) /Food

Job Type: Full-time

Salary: Competitive, based on qualifications and experience

Job Summary:

Hire Resolve is seeking a skilled Cost and Management Accountant to join our client's fast-moving consumer goods (FMCG) company in Cape Town. The ideal candidate will be responsible for managing and analyzing financial data to support business decision-making and improve cost efficiency.

Key Responsibilities:

- Prepare and analyze monthly financial reports, including cost analysis and variances
- Develop and implement cost-saving initiatives to improve profitability
- Monitor and control product costs, including raw materials, production costs, and labor costs
- Provide management with insightful financial analysis and recommendations to drive business growth
- Assist in budgeting and forecasting processes
- Conduct regular audits to ensure compliance with financial regulations and best practices
- Collaborate with cross-functional teams to optimize operational efficiency
- Participate in strategic planning and goal setting activities

Requirements:

- Bachelor's degree in Accounting, Finance, or related field
- Professional certification such as AGA, CIMA, or CA preferred
- Minimum of 3-5 years of experience as a Cost and Management Accountant in the FMCG industry
- Strong analytical skills and attention to detail
- Proficiency in financial analysis tools and software
- Excellent communication and interpersonal skills
- Ability to work independently and as part of a team
- Knowledge of accounting principles and financial regulations
- Experience with SAP or other ERP systems is a plus

If you meet the above requirements and are passionate about driving financial performance in a dynamic FMCG environment, we encourage you to apply for this exciting opportunity. Join us in our pursuit of excellence and innovation in the world of fast-moving consumer goods.

Send your CV to:

(USE THE SUBJECT LINE - COST ACCOUNTANT CAPE TOWN)

Should you not hear from us in 3 days, please note that we will keep your CV on file for future opportunities that may arise.

Our client, a listed multinational manufacturing company in South Africa, is looking for a Cost & Management Accountant to provide overview & analysis of Cost of Sales & Gross Contributions Stats at Business Unit level, as well as assist with Sales related projects & complete ad-hoc feasibility projects. This is an EE position, therefore preference will be given to African & Coloured applicants.

Key Performance Areas:

• Participate in organisational strategy management from a financial management perspective
• Provide financial analysis & support to management & all operational areas of the business
• Maintain & update accounting system
• Prepare & review details product costing for all new parts
• Analyse all current parts & make recommendations for the financial recovery on distressed parts
• Calculate & propose potential price increases
• Provide indicative “what-if” costings and impact on profitability for: New Product Generation and Specification to existing products.
• Work closely with technical team to ensure integrity of the control sheet.
• Provide meaningful profitability information and recommend ways to optimise customer profitability and project profitability for new business.
• Recover margin in underperforming categories by highlighting commercial impact (margin enhancement vs volume opportunity) and assist in strategic decision making.
• Support the Business Development Managers in the use of system tools regarding costing and profitability.
• Create a platform within quarterly profitability review to evaluate the success of project post launch review, providing insight and learnings which can be taken into future launches.
• Weekly tracking of costings done to create visibility of projects in order to manage workload with projects and customer focus teams.

Requirements:

• Bachelor of Commerce / Diploma in Financial Accounting
• 3 years' experience in a management accounting role
• Automotive & Manufacturing experience

Our client, a national manufacturing concern, needs your experience and expertise to provide an overview and analysis of COS and Gross Contributions Stats at division level, as well as assist with Sales-related and adhoc feasibility projects.

The Person:

• B.Com Degree in Cost & Management Accounting or equivalent.
• Min. 2 to 3 years’ experience in a management accounting role.
• Automotive Industry and Manufacturing environment experience essential.

• Participate in organisational Strategy management from a financial management perspective.

• Provide financial analysis and support to management and all operational areas.
• Maintain and update accounting system (ERP: LX).
• Ensure compliance with internal control.

• Prepare and review detailed product costing analysis.
• Analyse all current stock and make recommendations for the financial recovery on distressed stock.
• Calculate and propose potential price increases.
• Review GP percentage of individual BOM’s and identify distress stock.
• Participate in continuous improvement initiatives.

• Provide indicative “what-if” costings and impact on profitability for: New Product Generation and Specification to existing products.
• Ensure most current costs are used when calculating profitability.
• Effectively communicate and present findings as well as recommendations to the Commercial Manager, Business Development Manager, Technical team and the rest of the cross-functional team.

• Provide meaningful profitability information and recommend ways to optimise OEM profitability and project profitability for new business.
• Recover margin in under-performing categories by highlighting commercial impact (margin enhancement vs volume opportunity) and assist in strategic decision-making.
• Support the Business Development Managers in the use of system tools regarding costing and profitability.
• Support Commercial Manager in considering product rationalisation, mix comparisons and other business improvement opportunities.
• Attend customer and commercial meetings to provide insight into ongoing projects and commercial items.

• Create a platform within quarterly profitability review to evaluate the success of project post launch review, providing insight and learnings which can be taken into future launches.
• Develop suitable standard of commercial reports that will provide insight, stimulate further discussion, and assist in decision-making across RFQ patch.
• Work closely with IT to automate reporting where possible.
• Weekly tracking of costings done to create visibility of projects.

• Good sense of structure, processes and controls.
• Experience in managing/supervising staff.
• Good grasp of Brilliant Basics.
• Take ownership and accountability for tasks and activities.
• Demonstrate effective self-management in terms of planning and prioritising, and self-development.
• Follow through to ensure that quality and productivity standards of work are consistently and accurately maintained.
• Manage colleagues and client’s expectations and communicate appropriately.
• Demonstrate willingness to help others and “go the extra mile” to meet team targets.
• Participate and drive regular performance appraisals and ensure that own targets and goals are clear and achievable.

R612 000.00 per annum (cost to company)

Our client, a listed multinational manufacturing company in South Africa, is looking for a Cost & Management Accountant to provide overview & analysis of Cost of Sales & Gross Contributions Stats at Business Unit level, as well as assist with Sales related projects & complete ad-hoc feasibility projects. This is an EE position, therefore preference will be given to African & Coloured applicants.

Key Performance Areas:

• Participate in organisational strategy management from a financial management perspective
• Provide financial analysis & support to management & all operational areas of the business
• Maintain & update accounting system
• Prepare & review details product costing for all new parts
• Analyse all current parts & make recommendations for the financial recovery on distressed parts
• Calculate & propose potential price increases
• Provide indicative “what-if” costings and impact on profitability for: New Product Generation and Specification to existing products.
• Work closely with technical team to ensure integrity of the control sheet.
• Provide meaningful profitability information and recommend ways to optimise customer profitability and project profitability for new business.
• Recover margin in underperforming categories by highlighting commercial impact (margin enhancement vs volume opportunity) and assist in strategic decision making.
• Support the Business Development Managers in the use of system tools regarding costing and profitability.
• Create a platform within quarterly profitability review to evaluate the success of project post launch review, providing insight and learnings which can be taken into future launches.
• Weekly tracking of costings done to create visibility of projects in order to manage workload with projects and customer focus teams.

Requirements:

• Bachelor of Commerce / Diploma in Financial Accounting
• 3 years' experience in a management accounting role
• Automotive & Manufacturing experience

• Perform cost accumulation tasks
• Analyze and report on variances
• Prepare budgeting reports
• Conduct financial analysis
• Assist in month-end close process

• Bachelor's degree in Accounting or Finance
• Proven experience in Cost and Management Accounting
• Strong analytical skills
• Proficiency in accounting software - SAGE
• Excellent communication skills
• CLEAN CREDIT & CRIMINAL RECORD - will be verified