Management Accountant

2 months ago

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

The Management Accountant is a critical role within the Novanta, Inc. organization, responsible for providing financial support to the Taunton site. This position plays a key part in assisting with budgeting, financial forecasting, and performance analysis, while also supporting factory operations by evaluating financial data related to production, costs, and efficiency.

Key Responsibilities
  • Manufacturing Performance and Process Improvement
    • 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.
    • Complete analyses and provide recommendations and initiatives for improving financial performance and decision making.
    • Help site teams deploy 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, including enhancing standard reporting to functional teams.
    • Research solutions to improve inventory accounting and 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, and 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...).
    • Monitor accuracy of standard costs, intercompany transaction and accounting, and drive process improvement in this area.
    • Execute key inventory and cost of goods sold process controls and ensure documentation of those controls adhere to audit and SOX requirements.
    Requirements
    • CIMA or ACCA/ACA qualification required.
    • Ability to operate comfortably at a detailed as well as a strategic level.
    • Expert experience with Microsoft Excel.

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