Management Accountant - Newport, United Kingdom - Accountancy Recruitment Wales Limited

Accountancy Recruitment Wales Limited

Verified Company

Newport, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Standard setting and reporting on actual performance

To understand the assumptions in built in standards and review the actual performance
Assist the Finance business partner with Annual standard review with a particular focus on raw material standards
Prepare site Gross Margin and Inventory analysis reports.
Track and report on savings initiatives

Inventory and variance reporting

Administer and process stock adjustment process, seeking relevant approvals
Calculation of stock provisioning requirements in line with the accounting policy manual.
Monitor the results of inventory cycle and work with the Supply Chain to investigate the root cause and agree process improvements.
Attend quarterly and annual stock takes.
Analyse materials variances and material yield variance
Report on working capital
Review the weekly production variance report

Business support and other Duties

Support Budget and forecast process
Provide financial support to New products
Continuous Improvement and procurement initiatives.
Cost supplier reject compensation requests
Be responsible for the site Fixed Asset register inclusive of asset verification on biannual basis
Support annual plan process for site, with specific input into materials, overheads and working capital.
Periodic review of BOM assumptions (Lot Size, Waste, Machine Rates), labour and overhead rates.
Support Finance business partner in data cleansing reviews, such as BOM's and other systems data
Review the goods received not invoiced report and ensure the timely closure of older items.
Adhoc analysis

Skills Experience Qualifications

Experience in manufacturing desirable
Advanced excel skills required along with aptitude for picking up new systems
Experience in report building particularly using Microsoft query/ Power query would be an advantage
Studying towards a professional accounting qualification, ACA, ACCA, CIMA. Qualified by experience also considered.
Full UK Driving licence

Hybrid working with up to 2 days working from home weekly. Study support considered.