Cost Accountant

Ingersoll Rand; Redditch; Hybrid; GBP 35,000 - 50,000; Full time

Job summary

A global industrial equipment provider is looking for a Cost Accountant to maintain and analyze standard costs and inventory records. This hybrid role involves controlling standard cost processes in SAP, preparing regular inventory analysis, and conducting audits. The ideal candidate will be part/fully qualified CIMA/ACCA or equivalent and possess good manufacturing experience, problem-solving abilities, and excellent communication skills. The position offers a comprehensive benefits package including holiday allowance and pension contributions.

Benefits

25 Days Holiday + 8 Bank Holidays

7% Employer Pension Contribution

Westfield Health Medical Cash Plan Cover

Death in Service Benefit of 4 x salary

Cycle scheme (After probation period)

Electric Car Scheme (After 1 year employment)

10% of salary in shares after 1 year of employment

Costco Gold Company member, allowing employees to join

Employee Assistance Program

Enhanced Maternity & Paternity Policies

Qualifications

• Part/Fully qualified CIMA/ACCA (or equivalent), qualified by experience will be considered.
• Degree level is desirable.

Responsibilities

• Control and process the annual standard cost roll procedure in SAP.
• Prepare analysis and reports on inventory regularly for local management.
• Assist with annual physical inventory preparation and reconciliation.
• Prepare and post accurate journal entries, maintaining General Ledger integrity.
• Respond to external audit requests and close out items professionally.
• Perform monthly balance sheet account reconciliations including provisions.

Skills

Manufacturing experience

Worked with Standard Costing system

Ability to identify and investigate trends

Excellent communication skills

Proficient in Microsoft office applications

Problem solver

Education

Part/Fully qualified CIMA/ACCA (or equivalent)

Degree level, desirable

Job description

Job Title

Cost Accountant

Location

Redditch, hybrid

About Us

Gardner Denver is a leading provider of mission‑critical flow control and compression equipment and associated aftermarket parts, consumables, and services, which it sells across multiple attractive end‑markets within the industrial, energy and medical industries. Its broad and complete range of compressor, vacuum and blower products and services, along with its application expertise and over 160 years of engineering heritage, allows Gardner Denver to provide differentiated product and service offerings for its customers' specific uses.

Job Summary

This position is primarily responsible for maintaining the standard costs of the UK Industrials business (Redditch) and for analysing and maintaining inventory records on a regular basis.

Responsibilities

• 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.
• 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.
• Prepares reports analysing inventory aging in order 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 Bradford and GXO 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 on 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 meeting the companies 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.
• 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, to name a few.

Basic Qualifications

• Part/Fully qualified CIMA/ACCA (or equivalent)
• Qualified by experience will be considered.
• Degree level, desirable

Travel & Work Arrangements/Requirements

Redditch, hybrid

Key Competencies

• Manufacturing experience
• Worked with Standard Costing system.
• Ability to identify and investigate trends and potential issue.
• Excellent communication skills
• Proficient in Microsoft office applications
• Problem solver

What we Offer

• 25 Days Holiday + 8 Bank Holidays (Option to purchase 5 days after probation period)
• 7% Employer Pension Contribution
• Westfield Health Medial Cash Plan Cover
• Death in Service Benefit of 4 x salary
• Cycle scheme (After probation period)
• Electric Car Scheme (After 1 year employment)
• 10% of salary in shares after 1 year of employment
• Costco Gold Company member, allowing employees to join.
• Employee Assistance Program
• Enhanced Maternity & Paternity Policies