Commercial Accountant
4 weeks ago
The Commercial Accountant will be responsible for overseeing the financial aspects of our manufacturing operations, including cost accounting, inventory management, budgeting, and financial analysis. They will drive the financial success of our projects through close collaboration with project managers, engineers, and other stakeholders.
Key Responsibilities:- Perform cost accounting activities, including the analysis of production costs, material costs, labor costs, and overhead costs.
- Business Partner with the Project Teams to ensure project revenue, costs, cash inflows or outflows are accurately captured and reported.
- Assist with the preparation of project cashflow forecasts, reports and analysis of business activity for input to weekly and monthly group forecasts.
- Attend regular project reviews and ensure estimated cost to go is in line with project schedule and challenge any deviations to cost budget baselines or where cost to go does not support project schedule.
- Presentation of the financial status of project at project reviews.
- Correct set up of projects within the IFS ERP system and any support systems at inception of each project, including correct allocation of Cost Baseline Budgets, Margins, Revenue and cash plans in line with approved budget.
- Assist in the development and maintenance of budgets and forecasts for manufacturing activities.
- Conduct variance analysis to identify and explain discrepancies between actual and budgeted costs.
- Collaborate with production and engineering teams to ensure accurate cost tracking and reporting.
- Monitor and report on key financial metrics and performance indicators related to manufacturing.
- Support month-end and year-end close processes, including journal entries and account reconciliations.
- Participate in internal and external audits, providing necessary documentation and explanations.
- Identify opportunities for cost reduction and process improvements within the manufacturing operations.
- Maintain accurate and up-to-date financial records and documentation.
- Qualified Accountant
- Minimum of 5 years of post-qualification experience, preferably in the manufacturing industry.
- Strong understanding of cost accounting principles and practices.
- Proficiency in accounting software and ERP systems, ideally IFS
- Advanced proficiency in Microsoft Excel and other financial analysis tools.
- Excellent analytical, problem-solving, and organizational skills.
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