Management Accountant
2 weeks ago
The Management Accountant is a critical role in providing financial support to the organization. As the factory finance & accounting leader, you will play a key part in assisting with budgeting, financial forecasting, and performance analysis. Your primary responsibility will be to support factory operations by evaluating financial data related to production, costs, and efficiency in a process manufacturing environment.
Key ResponsibilitiesManufacturing Performance & Process Improvement- Collaborate with Operations Leaders and senior site managers to explain results, make improvements, manage projects, identify inefficiencies, understand operations, and participate in strategic business discussions and decisions.
- Complete analyses and provide recommendations and initiatives for improving financial performance and decision making.
- Help site teams to deploy Novanta Growth System (NGS) tools & activities in the factory (Structured Problem Solving, Kaizen events, Daily Management routines, etc.) to support overall improvement to factory operations.
- Drive automation, simplification, and process efficiency throughout the cost accounting & finance processes, including enhancing standard reporting to functional teams.
- Research solutions to improve inventory accounting & management processes; conduct analysis of all types of inventory variances (raw materials, finished goods, purchase price variance, overhead absorption, and labor rate variance).
- Maintain accurate costing methodology in the ERP system, partnering with operations and engineering experts to ensure proper BOMs, routings, item masters, and vendor masters are maintained.
- Establish, implement, and maintain governance relating to the quality of Novanta master data, adapting as needed to changing business trends and requirements.
- Maintain standard cost system to ensure accuracy of inventory valuation and lead annual plant manufacturing cost standard roll.
- Prepare standard financial and operational reports, explain operational activities/related variances, and report monthly plant performance.
- Prepare financial analysis to monitor spend in key areas (scrap, warranty, rework, PPV, etc.).
- Monitor accuracy of standard costs and intercompany transaction & accounting, and drive process improvement in this area.
- Execute key inventory and cost of goods sold process controls and ensure documentation of those controls adhere to audit & SOX requirements.
- CIMA or ACCA/ACA qualification required.
- Familiarity with production workflows, cost allocation in manufacturing, inventory management in a factory setting.
- Expert experience with Microsoft Excel.
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