Cost/manufacturing Accountant

4 weeks ago

Knutsford, United Kingdom Adele Carr Recruitment Full time

Our client, a leader within the Technology Manufacturing industry are seeking an experienced Costing/Manufacturing Accountant to support their current team. Do you have strong experience within stock and manufacturing, are you a quick thinker with the abilityto problem solve? If so, this could be the perfect opportunity for you

**Purpose of the role**:

- Responsible for the accurate and timely calculation of the stock valuation of the company
- Responsible for reviewing, understanding and explaining all manufacturing variances
- Ensures stock control and valuation system is accurate, comprehensive, and complies with generally accepted accounting principles (FRS102)

**Key responsibilities and accountabilities**:

- Maintain the inventory subsystem, within the wider control environment, to ensure the integrity of the data within the general ledger and the accurate valuation of stock (£6.0M) in accordance with accounting standards
- Responsible for the accurate accounting for our 'specialist' stock items e.g Silver
- Co-ordinate the annual (interim by exception) standard costing process / review for all manufacturing operations, including material costs and labour and overhead rates.
- Co-ordinate monthly (quality) and quarterly (demand and obsolescence) stock provision, reviewing and challenging large value provisions and any significant movements.
- Take the lead in identifying and investigating any costing issues and manufacturing variances.
- Liaise with, and develop the financial awareness of, the manufacturing managers in understanding their variances and eliminate any errors at source.
- Complete associated month end processes to strict deadlines
- Produce and interpret monthly management reports for inclusion in the Company's financial statements, including a thorough understanding and explanation of any significant variances.
- Ensure the reconciliation of relevant balance sheet accounts (Stock, Provision and GRNI) to the general ledger, including the timely input of accruals and journals.
- Submission of the monthly stock 'Borrowing Base Certificate' to the Company's financial provider, ensuring external deadlines and all contractual requirements are met.
- Co-ordinate the financial provider's annual stock valuation audit
- Conduct data analysis using the company's ERP system and linked BI system providing meaningful reports to guide business focus.
- Work closely with the manufacturing managers to ensure they understand the impact their actions have to the company's profitability and cashflow.
- Key member of the Product Introduction Team, ensuring that the profitability of all new initiatives are fully understood before commitment to launch, and also revisited post launch.
- Provide relevant information to the external audit team, in a timely manner, to ensure all questions /queries are resolved
- Undertake all activities in line with Company Health, Safety and Environmental policies and procedures and participate in the development of a safe and healthy workplace.

**Qualifications or equivalent experience**:

- Demonstrable experience as a Manufacturing accountant, or equivalent role, in SME or larger organisation
- ACA or CIMA qualified

**Skills / knowledge**:

- Detailed knowledge of accounting principles and procedures
- Thorough understanding and experience of Standard Costing systems, including labour and overhead absorption
- Skilled in accounting software, data analysis and integrated ERP systems
- Skilled in Microsoft Office, Excel, Access and Word.
- Attention to detail with clear, concise communication of information
- Ability to demonstrate effective time management in order to meet strict deadlines
- Ability to communicate information effectively and efficiently through verbal, non-verbal and written skills, across different levels within the company and with external suppliers, including the ability to explain complex accounting principles to non-financepersonnel
- Able to adopt a flexible approach to Company requests within your level of responsibility, skill set, training and knowledge.

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