Management Accountant
3 weeks ago
The Management Accountant will serve as the factory finance and accounting leader for the Taunton site.
Key ResponsibilitiesManufacturing Performance & Process Improvement
- Collaboration with Operations Leader and senior site managers to analyze results, make improvements, manage projects, and identify inefficiencies.
- Complete analyses and provide recommendations and initiatives for improving financial performance and decision making.
- Implement Novanta Growth System (NGS) tools and activities in the factory to support overall improvement to factory operations.
- Drive automation, simplification, and process efficiency throughout the cost accounting and finance processes.
- Analyze and improve inventory accounting and management processes, including raw materials, finished goods, purchase price variance, and labor rate variance.
Manufacturing Data Management
- 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 and implement governance related to the quality of Novanta master data, adapting to changing business trends and requirements.
- Maintain a standard cost system to ensure accuracy of inventory valuation and lead annual plant manufacturing cost standard roll.
Financial Reporting, Planning & Analysis
- Prepare standard financial and operational reports, explain operational activities and related variances, and report monthly plant performance.
- Lead and support the preparation of budgets and forecasts for the site, partnering with FP&A and other business teams as needed.
- Perform work order review and analysis weekly, assessing accuracy and completeness.
- Prepare financial analysis to monitor spend in key areas, including scrap, warranty, rework, and purchase price variance.
- Monitor accuracy of standard costs and drive process improvement in intercompany transactions and accounting.
Compliance & Controls
- Ensure the accuracy of inventory existence through cycle counts and physical inventories and report results in compliance with internal controls.
- Implement key inventory and cost of goods sold process controls and ensure documentation adheres to audit and SOX requirements.
CIMA or ACCA/ACA qualification required.
Experience or understanding of manufacturing, including production workflows, cost allocation, and inventory management.
Ability to operate comfortably at a detailed and strategic level.
Expert experience with Microsoft Excel.
Strong presentation and written communication skills.
Novanta is an equal employment opportunity and affirmative action workplace, considering all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, military and veteran status, disability, genetics, or any other protected category.
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