Cost Accountant

IPS Finance; Halifax; Hybrid; GBP 42,000 - 65,000; Full time

Benefits offered by this job

3 days WFH

Job summary

IPS Finance is seeking a Cost Accountant to join the manufacturing finance team. The role focuses on analysing and controlling manufacturing costs, standard costing, inventory and variance analysis while collaborating with production, procurement and engineering teams.

The ideal candidate is qualified or part-qualified, or an experienced QBE Cost Accountant with strong manufacturing experience. The position offers hybrid working with three days remote per week.

Qualifications

• Experience in manufacturing cost accounting or similar finance role.
• Strong understanding of standard costing and variances.
• Excellent Excel and data presentation abilities.

Responsibilities

• Analyse production costs and provide detailed reporting and variance analysis.
• Manage and maintain standard costing, including direct materials, labour and overheads.
• Calculate, establish and annually update standard costs within D365.
• Monitor manufacturing expenditure against budgets and identify opportunities for cost control.
• Review and update bills of materials and cost drivers with ops/engineering/procurement.
• Prepare cost statements, forecasts and management information.
• Support month-end and year-end processes including budgeting and standard costing.
• Reconcile monthly inventory balances and monitor slow-moving stock.

Skills

Cost accounting

Standard costing

Excel

Data analysis

D365 Finance

Tools

D365 Finance & Operations

Job description

An opportunity has arisen for a Cost Accountant to join the finance team of an established manufacturing business. This is a role with responsibility for analysing and controlling manufacturing costs, standard costing, inventory and variance analysis, while working closely with production, procurement and engineering teams.

This roles offer 3 days WFH.

The role would suit a qualified or part-qualified accountant, or an experienced QBE Cost Accountant, with strong manufacturing experience.

Key responsibilities

• Analyse production costs and provide detailed reporting and variance analysis.
• Manage and maintain standard costing, including direct materials, labour and manufacturing overheads.
• Calculate, establish and annually update standard costs within D365.
• Monitor manufacturing expenditure against budgets and identify opportunities for improved cost control.
• Work with operations, engineering and procurement to review and update bills of materials and production cost drivers.
• Prepare cost statements, financial forecasts and management information.
• Support month-end and year-end processes, including budgeting and standard costing.
• Reconcile monthly inventory balances and monitor slow-moving and obsolete stock.
• Prepare, calculate and reconcile margin invoice line reports.
• Maintain and improve cost accounting processes, systems and procedures.
• Develop, improve and support users of D365 Finance & Operations and other relevant internal systems.
• Complete account reconciliations and provide cover for senior members of the finance team when required.
• Contribute to wider finance and continuous improvement projects.

Ideal candidate

• Previous experience in a manufacturing cost accounting or similar finance role.
• Strong understanding of standard costing and manufacturing variances.
• Strong Excel skills.
• Strong analytical, modelling and data presentation abilities.
• Excellent attention to detail with the ability to interpret complex financial and operational data.