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Management Accountant
2 months ago
We are seeking a highly skilled and driven Management Accountant to join our finance team at Macildowie Recruitment and Retention. In this role, you will take a lead in the financial management of stock and inventory, ensuring accurate accounting, analysis, and reporting.
Key Responsibilities- Lead the preparation of management accounts, with a specific focus on stock accounting, including stock valuation, stock movement analysis, and variance reporting.
- Perform detailed stock analysis, identifying trends, inefficiencies, and opportunities to improve stock utilisation and reduce waste.
- Manage and improve processes related to inventory accounting, ensuring accurate reporting of stock in line with company policies and accounting standards.
- Collaborate with operations and supply chain teams to ensure effective stock control and timely reconciliation of stock levels.
- Provide comprehensive financial analysis on stock-related KPIs, including stock turn, obsolescence, and shrinkage.
- Work closely with department heads on budgeting, forecasting, and financial planning, particularly relating to inventory and stock management.
- Manage the month-end process, ensuring accurate financial reporting on stock balances, variances, and provisions.
- Support the business in cost control measures by providing insights into stock-related cost drivers and opportunities for efficiency.
- Lead and develop a finance team, promoting best practices in stock accounting and inventory control.
- Ensure strong internal controls and compliance with regulatory standards in all stock-related financial processes.
- Fully qualified ACA/ACCA/CIMA accountant.
- Extensive experience in stock or Management accounting within a large or complex organisation.
- It would be beneficial if you have an understanding of stock valuation methods, stock management processes, and financial reporting related to inventory.
- Advanced Excel skills and experience with ERP systems, particularly in managing stock data.
- Excellent analytical and problem-solving skills.
- Proven experience in managing the month-end close for stock, including reconciliations and adjustments.
- Strong communication skills, with the ability to present financial data to non-finance stakeholders.
- Ability to work under pressure, managing multiple priorities and deadlines.
