Cost Accountant

IPS Group Limited; Halifax; Hybrid; GBP 50,000 - 55,000; Full time

Benefits offered by this job

Disability Confident employer scheme

Job summary

IPS Group Limited seeks a Cost Accountant to join the finance team in Halifax to analyse and control manufacturing costs, standard costing, inventory and variance analysis while collaborating with production, procurement and engineering.

This role offers 3 days WFH and requires a qualified or part-qualified accountant, or experienced QBE Cost Accountant, with strong manufacturing cost experience and Excel skills.

Qualifications

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

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 cost-control opportunities.
• Collaborate with operations, engineering and procurement on BOMs and cost drivers.
• 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.
• Prepare and reconcile margin invoice reports.
• Improve cost accounting processes and internal systems.

Skills

Manufacturing cost accounting

Standard costing

Excel

Analytical, modelling, data visualisat

Tools

D365 Finance & Operations

Job description

Cost Accountant

Company: IPS Group Limited
Salary: £50,000 to £55,000 a year
Hours: Full-time
Location: Halifax, HX6 2BX
Job type: Permanent

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.

The ideal candidate will have:

• 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.

Proud member of the Disability Confident employer scheme

About Disability Confident

Disability Confident is a government scheme. It encourages employers to recruit and retain disabled people and those with long term health conditions.

Closing date: 31 Oct 2026