Cost Accountant
JOB_51969874528362Job type
PermanentLocation
High WycombeWorking Pattern
Flexible Working,Full-timeSpecialism
Senior Finance QualifiedIndustry
Manufacturing & ProductionPay
Competitive + benefits
Cost / Plant Accountant - Manufacturing
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.
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.
Location:
This is a hybrid role, with 3 days in the office. The working week is 37 hours and with a flexible start.
We are based in High Wycombe.
We are based in High Wycombe.
The role:
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 office to understand the inventory held outside of the factory.
- Prepare the month-end profit in the stock journal.
- Business Partner with the Operations team, ensuring they have finance resource when needed
- Prepare the WIP reconciliation and review anomalies.
- Review Ageing of WIP with the production manager monthly
- Maintain and track all stock used for demonstration and ensure appropriate carrying value is held.
- Review stock held in quarantine on a regular basis with the procurement team
- Monthly balance sheet reconciliations of all stock accounts (including any stock provision accounts)
- Preparation of High Wycombe report with Operations.
- Review with the Financial Controller and post as appropriate.
- Work closely with Operations to ensure an efficient cycle count process.
- Ensure appropriate levels of inventory are being maintained.
- Annually update base costs for all items held in inventory
- Quarterly review of inventory held in regional offices
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 into 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 orderbook
- 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 weekly revenue forecast.
- Ownership of the vendor returns process.
Ensure the movement of stock is correctly accounted for - Work closely with the external audit team to ensure all information is provided for in a timely manner for the interim and annual audit
- Review of open purchase orders with the procurement team on a regular basis to ensure that the information held in the system is current
- Year-end accrual of open purchase orders
- Year-end accrual of stock in transit from our suppliers
- Any ad-hoc tasks as required by the Financial Controller.
Qualified, or part qualified.
Able to use MS products, work to own organisation and working in a customer service accounting environment.
Demonstrate Customer Awareness., Process improvement, under a commercial purview.
A team player, experienced at engaging with stakeholders and partners.
Cost AccountantJOB_519698745283622024-11-212025-02-20
Talk to Edward Kitchener, the specialist consultant managing this position
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JOB_51969874528362