Junior Cost and Management Accountant

NEC XON is looking for a Junior Cost and Management Accountant to join our team in Midrand.

This role offers the opportunity to work across cost and management accounting, revenue recognition, project cost tracking, WIP and gross profit analysis, while supporting accurate financial reporting and key month-end processes.
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​NEC XON Midrand Office, 1 Mints Street, Old Mint Office Park, Louwlardia
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All applications (updated CV and mo​tivational letter) to be emailed to [email protected]
Main purpose of the job
To support the Cost Control Manager and the Business Finance Division in the accurate tracking, analysis, and reporting of costs and revenue recognition in accordance with IFRS 15 and NEC XON’s internal Revenue Recognition Policy. The incumbent will assist in maintaining the integrity of project cost data at FCID level, preparing revenue recognition schedules, and ensuring that performance obligations are correctly identified and reported in Microsoft Dynamics D365 and the NEC XON Forecasting system.
  • To support the Cost Control Manager with month end reporting deadlines.
  • To support the Cost Control Manager with year end reporting deadlines and milestones.
  • To support the audit team with accurate records and schedules in relation to the cost and management accounting section.
Key Responsibilities
  • Maintain and update the FCID (Forecasting Control ID) register to ensure all sales opportunities, costs, and performance obligations are accurately tracked end-to-end in D365 and the NEC XON Forecasting system.
  • Process and monitor cost postings to the FCID Work in Progress (WIP) accounts, including transactions originating from Procure-to-Pay (PTP), creditors, warehouse, and other cost centres.
  • Assist in performing the month-end FCID performance obligation review, including assessment of delivery/completion evidence (POD or sign-off), outstanding costs, open purchase orders, and project budget vs. actuals.
  • Prepare and maintain revenue recognition schedules per FCID in line with IFRS 15 and the NEC XON Revenue Recognition Policy, covering point-in-time and over-time recognition scenarios (equipment, software, licensing, SLAs, OEM support, and project/milestone billing).
  • Run and analyse the revenue per FCID report in Management Reporter; compare results against project budgets and performance obligation data loaded on the Forecasting system to identify discrepancies or revenue to be reversed.
  • Analyse WIP balances per FCID to confirm appropriateness; flag unbilled FCIDs that have attracted costs and escalate for business unit investigation where necessary.
  • Assist in the preparation and submission of revenue recognition entries to the Controllership Division for processing on D365, ensuring all supporting documentation and BU-approved project budgets are in place prior to submission.
  • Support the processing and reconciliation of contract liabilities (deferred revenue) for support, maintenance, and advance billing scenarios in accordance with IFRS 15 and the NEC XON policy.
  • Compile monthly cost and gross profit reports per FCID, tracking forecasted GP% against actuals and flagging material variances to the Cost Control Manager.
  • Liaise with Account Managers, Business Unit representatives, and the OTR (Order to Receipt) team to obtain and verify supporting documentation for performance obligation sign-off.
  • Adhere to the segregation of duties requirements between the Business Finance Division and the Controllership Division as defined in the Revenue Recognition Policy.
  • Support internal and external audit processes by maintaining accurate records, audit trails, and schedules related to revenue recognition and cost accounting.
knowledge
​Focus Area
  • Revenue recognition principles under IFRS 15 (5-Step Model)
  • Cost accounting and WIP/COS movement principles
  • Microsoft Dynamics D365 (Finance & Accounting module) and Management Reporter
  • Project-based cost tracking and GP analysis
  • Understanding of contract liabilities and deferred revenue
  • ICT/technology sector product and service categories (hardware, software, licensing, managed services, SLAs)
Key Outputs
  • Accurate and timely monthly revenue recognition schedules per FCID
  • Reconciled WIP and COS reports per accounting period
  • Monthly GP variance report (budgeted vs. actual per FCID)
  • Completed performance obligation review documentation with supporting evidence
  • Accurate contract liability (deferred revenue) reconciliations
  • Audit-ready supporting files for all revenue and cost recognition entries
Competencies
  • Strong analytical ability and attention to detail
  • Sound understanding of accounting principles and financial controls
  • Proficiency in Microsoft Excel (including pivot tables and data analysis)
  • Ability to work accurately under pressure and meet month-end deadlines
  • Effective written and verbal communication skills for cross-functional collaboration
  • High degree of integrity, confidentiality, and professional ethics
  • Team-orientated with the ability to work independently when required
experience and Qualifications ​
  • A relevant tertiary qualification in Accounting, Cost and Management Accounting, or Finance (e.g. B.Com, National Diploma, or equivalent).
  • Minimum 3 years’ experience in a cost accounting, management accounting, or financial reporting role; or equivalent relevant experience in a finance environment.
  • Working knowledge of IFRS 15 or comparable revenue recognition standards is advantageous.
  • Experience with ERP systems, preferably Microsoft Dynamics D365, or a comparable platform.
  • Intermediate to advanced Microsoft Excel skills are required.
  • Experience within the ICT or technology distribution sector is beneficial but not essential.