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Component Costing

Posting Date:  11-Jan-2021
Req ID:  661
Job Family:  Finance and Accounting
Department:  FINANCE DURBAN (60000044)
Building Address:  Prospecton, Durban
Province:  KwaZulu-Natal
Type of Hire:  Contract



  • Compile Standard cost estimates for Local, Imported and In-house materials and Parts and Accessories.
  • Perform variance analysis for monthly price movements by liaising with Purchasing Division, Toyota affiliates, Plant and Logistics division.
  • Compile Standard cost estimates for Components on New models and Facelifts.
  • Perform analysis to check whether new pricing is adequate for Component and Vehicle Costing.
  • Determine parameters to be used for Costing, assessing reasonableness and completeness.
  • Compile and issue Costing activity timing plan to co-ordinate activities from various areas (PCLD, PUD, Unit plants, Finance, Component Exports).
  • Analyse revaluation accounts to ensure that stock are valuated correctly and standard prices updated correctly.  Also check that there are no unauthorised entries.
  • Investigate, analyse and report on local and import price variances (Standard vs Actual cost).
  • Analyse Unit Plant Production variances (Standard vs Actual Consumption).
  • Adjust stock accounts (via capitalised price variances) for actual stock valuations.
  • Compile Budget Flexing for Export Components and Parts and Accessories.
  • Check Flexed Budget to Actuals cost variances.
  • Identify master data issues, follow up and co-ordinate meetings with relevant areas.
  • Prepare monthly, quarterly and annual cost comparisons for Exec. presentations.
  • Check stock with zero or 1 cent cost to determine validity of pricing.
  • Perform continuous evaluation of component costing processes for areas of improvement/enhancement.
  • Compile change managements for system changes to improve reporting.
  • Ensure SOX requirements are met.
  • Investigate, analyse and report on Standard cost estimate errors.
  • Monitor financial loss/gain account and investigate material to material transfers and plant to plant transfers.
  • Compile materials budget for Export components and Parts and Accessories based on budget parameters and volumes.
  • Provide Costing for Intercompany Selling prices.





  • Minimum NQF6 (240 credits) majoring in Accounting or Management accounts or B.Comm or equivalent
  • Managerial accounting/Costing experience in a Manufacturing environment (Minimum of 3-5 years)
  • Excellent SAP CO module and MS Excel skills are essential







  • Accurate Information gathering and analysis
  • Awareness and commitment to our mission
  • Awareness of situations and Decisiveness
  • Communication and sharing of mid to long term plans
  • Creation of innovative vision
  • Establishing framework and systems for organisational review
  • Feedback of evaluation results and long-term development of others
  • Perseverance
  • Strategic re-allocation of resources and review of work methods
  • Suitable assignment and objective performance review




Closing Date:        18 January 2021