Operations Finance Manager

Owen Mumford; Chipping Norton; On-site; GBP 70,000 - 90,000; Full time

Benefits offered by this job

25 days annual leave

Flexi time

Company pension

Holiday purchase scheme

BUPA Private Medical Care

Cycle2Work Scheme

Electric Car Scheme

Wellbeing initiatives

Job summary

Owen Mumford is seeking an ambitious Operations Finance Manager to ensure accurate financial reporting and strong management accounts. You will drive financial models, support decision-making and improve processes to boost profitability. The role is based in the UK and fixed-term for 12 months.

The role requires ACCA/CIMA and 10+ years in finance, with 5+ years in manufacturing costing. You will work with ERP systems, perform costings, budgeting and capital analyses to support operations

Qualifications

• Qualified Accountant (ACCA or CIMA strongly preferred).
• 10+ years experience in Finance/Accounting.
• 5+ years in manufacturing with product costing methodologies.
• Good understanding of UK GAAP accounting principles.
• Experience with Epicor, SAP or other manufacturing ERP systems.
• Knowledge of capital budgeting (IRR/NPV).
• Experience with standard costing, variance analysis and product costing.
• Strong analytical and problem-solving abilities.
• Ability to translate financial data for non-finance audiences.
• Excellent communication and relationship-building skills.

Responsibilities

• Act as the finance partner to Operations leadership, supporting business performance and decision-making.
• Lead the monthly Operations finance process, including month-end close, reporting and variance analysis.
• Lead Annual Operating Plan and quarterly forecast processes with site leaders.
• Provide financial input at Leadership meetings on budgets and performance improvements.
• Standardise Operations finance reporting, dashboards, budgets and forecasts.
• Ensure forecasts and budgets are accurate and timely; lead reviews with site/corporate teams.
• Oversee standard costing process for manufactured parts with CI team.
• Handle intercompany transfer pricing communications and updates.
• Support capital investment decisions and fixed asset records.

Skills

Analytical skills

Communication skills

Problem solving

Financial modelling

Education

ACCA/CIMA qualification

10+ years in Finance/Accounting

5+ years manufacturing costing

UK GAAP knowledge

Tools

Epicor / SAP ERP

Job description

Owen Mumford is looking to hire an ambitious Operations Finance Manager! Could this be your next role?

As the Operations Finance Manager you will ensure the provision of accurate, high quality financial reporting and management accounts, supporting the development of financial models and driving improvement in financial processes. This role will collaborate with managers to improve efficiency, accuracy in financial data and assist in key decision making, ultimately to improve the profit of the business.

Please be aware this role is offered on a 12 Month Fixed Term Contract.

Key Responsibilities:

• Act as the finance partner to Operations leadership, supporting business performance, integration activities and decision-making.
• Lead the monthly Operations finance process, including month-end close, management reporting and variance analysis.
• Lead the development of the Annual Operating Plan and quarterly forecast processes, working with manufacturing site leaders to understand changes in volumes, material prices (PPV), labour, overheads and waste.
• Provide financial input at Operations leadership meetings, including financial management, budgets, key metrics and performance improvements.
• Standardise Operations finance reporting, including dashboards, budgets and forecasts, in line with wider embecta requirements.
• Ensure forecasts, budgets and supporting schedules are accurate, complete and submitted on time and lead the review process with site and corporate leadership teams.
• Lead the annual standard costing process for manufactured parts, working with site leaders and the Continuous Improvement (CI) team to ensure accurate data and a streamlined process, and review cost changes with leadership teams.
• Calculation of intra group transfer prices, based upon the methodology determined by the Group Finance Director. Communicating the new transfer prices to all overseas affiliates, circulating updated lists monthly to cover new products.
• Support capital investment decisions, attending all capital budget request meetings, ensuring compliance with capital expenditure policies and maintaining appropriate fixed asset records and approvals.
• Assisting managers with post completion audits of selected capital projects, to ensure that expected benefits are being realised.
• Oversee inventory accounting, ensuring the balance sheet accurately reflects inventory values.
• Work with the CI team to perform to perform cost benefit analysis, as needed.
• Ensure financial reporting complies with US GAAP, embecta policies and internal controls, including monthly balance sheet reconciliations as required by the Sarbanes / Oxley Act.
• Support internal and external financial audits.

To be successful in this role, you will need:

• To be a Qualified Accountant - ACCA or CIMA strongly preferred
• 10+ years’ experience in Finance / Accounting – essential
• 5+ years’ in manufacturing with product costing methodologies - essential
• A good understanding of all aspects of accounting under UK GAAP
• Experience in Epicor / SAP or other manufacturing ERP systems
• Knowledge of capital budgeting, including IRR / NPV principles
• Recent experience of working with standard costing, variance analysis and product costing – Desirable
• Strong analytical skills and the ability to identify and implement solutions to resolve problems
• To be creative and able to translate financial data/analysis to non-finance individuals
• Excellent communication and relationship building skills

What will we give you?

You will be joining a successful, privately owned industry leader who are constantly innovating and looking to improve lives, empower patients and relieve the pressure on healthcare professionals. We invest heavily in our staff and offer a competitive salary and benefits package along with the opportunity to develop within the business:

• 25 days annual leave (with the opportunity to earn loyalty days with length of service)
• Flexi time – covering 37.5 hours per week with core working hours of 9:30am-12 Noon and 2:00pm-4:00pm (3:30pm on Fridays)
• Company pension scheme with employer contributions
• Holiday purchase scheme (up to 10 days purchased per holiday year)
• Enhanced Family Friendly Policies
• Enhanced Sickness Pay
• Group Life Insurance
• BUPA Private Medical Care
• Cycle2Work Scheme
• Electric Car Scheme
• Wellbeing initiatives and support

About us:

Owen Mumford is a global leader in medical device design and manufacture. For over 70 years we have been inventing life-enhancing devices that are tested and proven to deliver an industry benchmark in the safety, accuracy and comfort of medication administration. This strong heritage is the springboard for our future as we help to shape the progress of the healthcare industry by bringing pioneering concepts and solutions to life in an accountable and sustainable way. Headquartered in the UK, Owen Mumford is a global medical device company with an established presence across North America, EMEA and APAC.

Owen Mumford is an equal opportunities employer. We aim to ensure that no candidate or employee receives less favourable treatment on the grounds of gender, race, disability, sexual orientation, religion or belief, age, gender identity, marital or civil partnership status, pregnancy or maternity. We are committed to making our recruitment process accessible to everyone. If you require any reasonable adjustments to participate in the application or interview stage, please let us know at [e-mail]. Every job offer is subject to satisfactory references and compliance with vetting requirements applicable to the job role.