Commercial Management Accountant

Transaction Recruitment; West Midlands; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

An exciting opportunity awaits as a Commercial Management Accountant with a forward-thinking manufacturing company. In this dynamic role, you'll engage in hands-on financial management, including inventory analysis, standard costing, and general ledger oversight. Collaborate with a talented team in a modern, hybrid work environment, where you'll contribute to the company's growth while receiving mentorship from experienced managers. If you have a background in manufacturing and a passion for financial analysis, this position offers a fantastic chance to advance your career and make a significant impact in a thriving business.

Benefits

Hybrid Working

Supportive Management

Growth Opportunities

Qualifications

• Experience in manufacturing and standard costing systems is essential.
• Part/Fully qualified CIMA/ACCA or equivalent required.

Responsibilities

• Prepare and analyze inventory reports and standard costs.
• Control general ledger entries and ensure SOX compliance.

Skills

Communication Skills

Trend Identification

Analytical Skills

Manufacturing Experience

Education

CIMA/ACCA Part/Fully Qualified

QBE (Qualified by Experience)

Tools

SAP

Microsoft Office

Job description

About the Business

An opportunity to be a Commercial Management Accountant for a manufacturing company based in Redditch. This business has and gives you a fantastic chance to be a part of a productive and engaging team.

This is a varied, hands-on Senior Management Accountant Role which involves:

• Inventory: Prepares analysis and reports on inventory on a weekly and monthly basis and provides to local management. Ensures Inventory and WIP accounts are clean and cleardowns are done in a timely manner.
• Standard costs: Control and processing of the annual standard cost roll procedure in SAP. In addition, perform regular standard cost updates as required by the business.
• Prepares reports analysing inventory aging to calculate provisions for Obsolete and Slow-Moving Inventory (OSMI).
• Assists with the coordination of the annual physical inventory preparation, count and reconciliation including book to count investigation and explanation.
• General Ledger: Preparation and posting of accurate and timely journal entries, including but not limited to, Cost of Sales, inventory and a variety of other manufacturing variances. At all times maintaining and controlling General Ledger integrity and system processing.
• SOX Controls:
  • Monthly: Cycle counting controls for 2 sites.
  • Quarterly: Obsolete and Slow-Moving Inventory (OSMI) control.
  • Annually: (i) Annual standard cost roll (ii) Physical inventory count.
• External Audit: Responds to external audit requests in a timely manner and closes out open items and issues in a professional manner.
• Reconciliations: Performs monthly balance sheet account reconciliations, which may include various accruals and prepayments, obsolete and slow-moving inventory provisions and any other requisite balance sheet reserves. Performs controls over accounts and helps meet the company's SOX and audit requirements.
• Reports: Provides timely, accurate and professional reports that may include daily input/output updates, weekly shipping forecasts, inventory analysis plus annual federal and state tax type schedules required by both domestic and international locations.
• Analysis: Performs ad hoc analysis and works with operating personnel to identify cost and product cost issues and opportunities.
• Other: Liaise with senior management to assist in the preparation of annual budget and periodic forecast returns, providing detailed breakdown of the P&L and salient balance sheet items in readiness for corporate review.
• Monthly Orderbook Reporting.
• Reconcile Consumption balances and investigate orders that are causing reconciling differences, then monitoring orders until items are closed out.
• Manage National Statistics Reports.
• Quarterly Reporting: Including OSMI, Goods in Transit, IC Profit in Inventory, IC Profit in Freight and Performance Obligations.

Location / Office / Culture

The role is hybrid with only 2 days a week in their Redditch office and 3 days working from home. The company operates from a modern office consisting of a strong team, with exciting senior management to learn from.

What We Are Looking For

The ideal candidate will have:

• Part/Fully qualified CIMA/ACCA (or equivalent) or QBE.
• Manufacturing experience is essential.
• Worked with Standard Costing system.
• Ability to identify and investigate trends and potential issues.
• Excellent communication skills.
• Proficient in Microsoft Office applications.

Why Join the Business

• Large, growing Business.
• Fantastic managers.
• Hybrid Working.