Finance Leader for Taunton Site
3 weeks ago
About the Role
We are seeking a skilled Management Accountant to lead our factory finance and accounting functions at the Taunton site. As a key member of our team, you will play a critical role in providing financial support to the organization. Your primary responsibility will be to assist with budgeting, financial forecasting, and performance analysis. Additionally, you'll specifically support factory operations by evaluating financial data related to production, costs, and efficiency in a process manufacturing environment.
Key Responsibilities
Manufacturing Performance & Process Improvement
- Collaborate with Operations Leader and other 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 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).
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, 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.
Financial Reporting, Planning & Analysis
- 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.).
- Execute key inventory and cost of goods sold process controls and ensure documentation of those controls adhere to audit & SOX requirements.
Requirements
- CIMA or ACCA/ACA qualification required.
- Expert experience with Microsoft Excel.
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