Your new company
An established business in South Bucks, with sites across the UK

Your new role
This person will be responsible for the valuation of inventory, revenue and cost of goods sold for various product lines.
Be responsible for the P&L reporting to Gross Margin and Inventory and Warranty provisions.
They will provide meaningful financial information which will be used for decision-making and be a key finance partner for the Operations team.
It is a HYBRID role which also offers some degree of flexibility and study support.

The Role itself
Inventory Management

• Monthly reconciliation of inventory with a detailed analysis of inventory held by part number that we are holding the correct inventory,
• Preparation and review of Labour and Overhead in Inventory, posting as appropriate.
• Monthly review of labour recovery to ensure costs are correctly recovered to Prime Margin.
• Provide analysis to the Production Manager for effective management of labour and to ensure production cells are correctly set up
• Liaise with the regional offices
• Prepare the month-end profit in the stock journal.
• Business Partner with the Operations team,
• Review Ageing of WIP with the production manager monthly
• Monthly balance sheet reconciliations of all stock accounts (including any stock provision accounts)
• Work closely with Operations to ensure an efficient cycle count process.
• Ensure appropriate levels of inventory are being maintained.

Revenue / Margin Analysis

• Prepare monthly revenue analysis
• Prepare and review margin analysis against the prior year/budget/forecast.
• This analysis will be by product line and region.
• Reviewing monthly ledger entries to ensure direct cost of sales and other cost of sales are correctly reported
• Ensure correct classifications of classification COGS: FOC, Warranty & ICO Service.
• Review all work-orders & Purchase Order Variances, liaising with relevant managers to resolve any issues.
• Review all other COGS categories to ensure they are at an appropriate value.

Other Month-end Tasks

• Review order income and revenue and upload to the controller.
• Work with the Order Entry team or production on resolving any missing information
• Ensure that revenue is recognised in line with the INCO terms of the order
• Preparation of Regional P&Ls to upload into the Group consolidation system monthly
• Monthly reconciliation of order book
• Monthly calculation of the warranty provision. Monthly review of Freight, Scrap and Cycle Count Variances

Other Tasks

• Assist in budgeting and planning processes.
• Provide analysis to the Financial Controller of markets, regions and OEM data relevant to the business.
• Provide commentary and communicate effectively to the Financial Controller key performance trends, variances and unusual items on a regular basis.
• Prepare Monthly Customer Service Level/Days Late Report.
• Prepare the Operations KPIs.
• Prepare the supporting schedules for the Quality Manager.
• Preparation of the quality report.
• Produce a weekly revenue forecast.
• Ownership of the vendor returns process.
• Work closely with the external audit team to ensure all information is provided in a timely manner for the interim and annual audit
• Review of open purchase orders by the procurement team on a regular basis to ensure that the information held in the system is current
• Year-end accruals
• Any ad-hoc tasks as required by the Financial Controller.

What you'll need to succeed
Qualified, or part qualified.
Able to use MS products, work for my own organisation and work in a customer service accounting environment.
Demonstrate Customer Awareness, process improvement, under a commercial purview.
Experienced in Manufacturing Accounting processes.
A team player, experienced at engaging with stakeholders and partners.

What you'll get in return
Flexible working options are available.

What you need to do now:
Contact Ed Kitchener at Hays
Edward.Kitchener@hays.com