Cost Accountant

IPS Finance; Norland Town; Hybrid; GBP 40,000 - 62,000; Full time

Benefits offered by this job

Hybrid work

3 days WFH

Job summary

IPS Finance in the United Kingdom is seeking a Cost Accountant to join its finance team. You will analyse manufacturing costs, manage standard costing and variances, and collaborate with production, procurement and engineering to drive cost efficiency.

The role offers hybrid working with three days remote. The ideal candidate is seasoned in manufacturing cost accounting or is part-qualified, with strong Excel and data storytelling skills to produce clear reporting and forecasts.

Qualifications

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

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.

Skills

Cost accounting

Manufacturing costs

Excel

Variance analysis

D365 Finance

Education

ACCA/CIMA in progress

Part-qualified accountant

Tools

D365 Finance

Excel

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.

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.