Cost Management Specialist
1 week ago
We are seeking a highly skilled Financial Analyst to join our team at Edwards & Pearce Limited. In this role, you will be responsible for producing monthly Profit and Loss statements, analysing production and P&L variances, and assisting in month-end closing.
About the CompanyEdwards & Pearce Limited is a leading recruitment agency specialising in permanent and temporary placements. We pride ourselves on delivering exceptional service and supporting our clients in finding the best candidates for their roles.
A competitive salary of £45,000 - £55,000 per annum, depending on experience, plus benefits including 25 days' holiday and a pension scheme.
Key Responsibilities- Produce monthly Profit and Loss statements for the production facility and associated businesses.
- Analyse production and P&L variances to standard - Budget and Forecast.
- Produce analysis of scrap, material, labour, and production overhead cost.
- Analyse Gross profit.
- Analysis of production and trading results.
- Monthly WIP analysis.
- Assist in month-end closing, prepare journal entries as necessary.
- Inventory analysis of materials and finished goods.
- Manufacturing output monthly review.
- Monthly review of in-transit orders.
- Analyse cost accounting data and assist with cycle count/physical inventories.
- Provide input for standard cost update including material prices, overhead absorption rates.
- Overhead absorption rates review.
- Check that accruals for production overhead cost have been posted and variances explained.
- Check that GRNI has been fully reviewed and additional GRNI accruals have been posted.
- Check with finance team that all stock and material entries have been processed.
- Actively pursue resolution of any system issues.
- Provide necessary production input for Budgets and Forecasts.
- Provide budgetary input for capital expenditure.
- Year-End tasks - Liaison with auditors - processing schedules and analysis as required.
- Assist with preparation of the year-end accounts pack.
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