Management Accountant

2 weeks ago


Taunton, Somerset, United Kingdom Novanta Inc. Full time
Job Summary

The Management Accountant is a critical role in providing financial support to the organization. As the factory finance & accounting leader for the Taunton site, you will play a key part in assisting with budgeting, financial forecasting, and performance analysis. Your responsibilities will include evaluating financial data related to production, costs, and efficiency in a process manufacturing environment.

Primary Responsibilities

Manufacturing Performance & Process Improvement

  1. Collaborate with Operations Leader and senior site managers to explain results, make improvements, manage projects, identify inefficiencies, and participate in strategic business discussions and decisions.
  2. Complete analyses and provide recommendations for improving financial performance and decision making.
  3. Help site teams deploy Novanta Growth System (NGS) tools & activities in the factory to support overall improvement to factory operations.
  4. Drive automation, simplification, and process efficiency throughout the cost accounting & finance processes.
  5. Research solutions to improve inventory accounting & management processes.

Manufacturing Data Management

  1. 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.
  2. Establish, implement, and maintain governance relating to the quality of Novanta master data.
  3. Maintain standard cost system to ensure accuracy of inventory valuation and lead annual plant manufacturing cost standard roll.
  4. Prepare standard financial and operational reports, explain operational activities/related variances, and report monthly plant performance.
  5. Prepare financial analysis to monitor spend in key areas.

Required Experience, Education, Skills and Competencies

  1. CIMA or ACCA/ACA qualification required.
  2. Expert experience with Microsoft Excel.

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