Management Accountant

Rheinmetall AG; Telford; Hybrid; GBP 45,000 - 60,000; Full time

Benefits offered by this job

Hybrid working

Annual bonus

Pension contributions up to 10%

5 weeks holiday + bank holidays

Health cash plan

Cycle to work

Onsite gym access

Long service rewards

Enhanced maternity/paternity

Discounts and cashback

Job summary

Rheinmetall BAE Systems Land (RBSL) in the UK is hiring a Management Accountant in Telford, hybrid work with 3 days in the office. The role links finance with operations, delivering robust financial controls, forecasting, and strategic analysis across cost base, stock, investments and costing/pricing rates.

The successful candidate will collaborate with MOD/CAAS, support rate negotiations, and drive mid-term planning, variance analysis and asset accounting in SAP FI/CO.

Qualifications

• Experience in manufacturing/defence environments.
• Accounting designation or working towards (QBE)
• Experience with SaaS and cloud computing costs vs. opex
• Knowledge of IFRS16, IAS16 and IAS38
• Hands-on proficiency with SAP FI/CO

Responsibilities

• Maintain financial controls and reporting accuracy across cost base, stock and rates.
• Partner with cost centre managers to close out positions and run rolling forecasts.
• Build forecasting models for overheads, direct labour, materials.
• Manage accruals, prepayments and balance sheet reconciliations.
• Collaborate with MOD/CAAS and auditors on defence charging rates.

Skills

IFRS16

SaaS knowledge

Financial analysis

Budgeting

Education

Accounting qualification

Tools

SAP FI/CO

Excel advanced

Job description

Ref.-Nr.: UK00921Schedule type: Full TimeContract Type: Permanent Full-TimeWHAT WE ARE LOOKING FORManagement AccountantTelford | Hybrid, 3 days in the office | 37 hrs per week, Perm | FinanceAbout UsRheinmetall BAE Systems Land (RBSL) is a defence engineering company based in the UK. We design, manufacture and support military vehicles used by the British Army and international customers.Position OverviewThis role acts as a critical link between the finance function and wider operational stakeholders. The successful candidate ensures robust financial controls, manages complex defence contract compliance, and provides strategic financial analysis to aid senior leadership decision-making across costbase, stock, investments, and costing/pricing rates.What Will You DoFinancial Control & ReportingMaintain absolute integrity of accounts within your area of responsibility by strictly adhering to Company Financial Policies.Deliver accurate data during reporting processes to help senior leaders understand the cost base, stock levels, and rates.Partner with cost centre managers to close out financial positions efficiently around key financial reporting milestones. Rolling forecasts for costs, cash and headcount within these areas, managing accruals and prepayments and balance sheet account reconciliations and action plans where appropriate.Defence Compliance & RatesEstablish working relationships with the Ministry of Defence (MOD) and the Cost Assurance and Analysis Service (CAAS).Support the calculation, negotiation, and agreement of business charging rates with defence auditors.Build financial forecasting models to calculate forward-looking and actual overhead rates, direct labour rates, and material handling.Review internal overheads and labour costs to ensure they strictly meet the Allowable Costs statutory guidelines (Appropriate, Attributable and Reasonable)Business Partnering & PlanningLiaise directly with cost centre managers to provide financial insights that identify operational opportunities and vulnerabilities within costbase. Rolling forecasts for costs, cash and headcount within these areas.Drive the mid-term planning process by applying constructive challenge to inputs.Inventory & Stock ManagementUphold and maintain company inventory policies through regular, rigorous reviews.Valuation accuracy alongside calculation of Net Realisable Values (NRV) and Moving Average Prices (MAP) while actively managing excess, surplus and slow-moving stock.InvestmentsReview and analyse business cases, project proposals, and capital expenditure requests. Perform financial modelling, including Net Present Value (NPV), Internal Rate of Return (IRR), and payback period calculations, to support investment decision-making.Oversee the end-to-end recording of fixed asset acquisitions, tracking, depreciation, amortization, impairment testing, and disposals. Ensure all asset transactions are accurately processed in the ERP system.Monitor Capital Work-in-Progress accounts.Prepare monthly, quarterly, and annual fixed asset schedules, roll-forward summaries, and depreciation forecasts. Provide variance analysis explaining differences between actual capital expenditures, forecasts, and annual budgets.WHAT QUALIFICATIONS YOU SHOULD HAVEExperience of working in manufacturing/defence environments.A recognised accounting designation or working towards or extensive Qualified By Experience (QBE)Experience of Software-as-a-Service (SaaS) and cloud computing arrangements (distinguishing between capitalizable configuration costs and operational expenses) IFR16, IAS 16 and IAS 38 Hands-on proficiency with enterprise software suites such as SAP (specifically FI/CO modules)The confidence and diplomatic skill to review budget inputs from operational managers or cost centre managers, question assumptions objectively, and enforce financial disciplineWHAT WE OFFER YOURBSL strives to be an employer of choice and to foster a culture in which our employees are supported to build a career they can be proud.Through our contracts to deliver world-class products and support services, we offer great opportunities for personal development and career advancement via specialist technical roles, essential support functions, and broader leadership positions.In addition, RBSL offer:Competitive salaries reviewed each year against market ratesAnnual bonus incentive scheme for all employees37 hours over 4.5 days working weekEmployer pension contributions up to 10%Hybrid and flexible workingLife assurance cover5 weeks holiday plus bank holidaysHoliday purchase schemeHealth cash planSalary sacrifice benefits including cycle to work and electric vehicles schemesAccess to high street and gym discounts and cashbackLong Service rewards with additional holidayEnhanced maternity and paternity benefitsFree access to onsite gymCONTACT INFORMATIONContact Person: Iwona Kurpiewska