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Cost Management Accountant

Luton Bennett
Leagrave, Luton, United Kingdom
Competitive Salary
Closing date
Nov 26, 2022

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Job Role
Contract Type
Full Time
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Cost Management Accountant


£32,000 to £45,000 DOE + 25 Days Holiday + Bank Holidays + Pension 4% Employee and 5% Employer + Death in Service Benefit 2x Annual Salary + Option to join Bupa after Probation + Full Training Provided

Home working available 2 days per week.

Monday to Thursday, 7.30am to 4.30pm.
Friday Early Finish at 1.30pm.

Cost Management Accountant required for a successful and well established electronics manufacturer serving a wide customer base. The company have a professional yet supportive and friendly working environment.

The Cost Management Accountant Role:
  • Manage all standard costs, labour rates and associated manufacturing variances across the business.
  • Manage all the variance reporting, including transfer pricing, commercial and operational.
  • Management of the inventory, including all associated reporting and analysis.
  • Apportionment of overhead by allocation models.
  • Analyse, communicate monthly reports and advise departments about production variances and gross margins.
  • Conduct inventory management with all relating financial ratios.
  • Ensure that the stock and scrap reconciliations are completed and stock provisioned as necessary.
  • Ensure projects such as Installation, maintenance and repairs are correctly accounted for.
  • Reconciliation of R&D projects.
  • Preparation of management accounts including preparation of accruals, overheads variance analysis and intercompany reconciliations.
  • Adhere to month end, budget, ad-hoc and business deadlines.
  • Control productivity savings and capital expenditure reporting.
  • Assist the Financial Controller in relation to the reporting of month end financials, VAT returns, budgeting, planning and forecasting.

The Successful Cost Management Accountant:
  • High level of commercial acumen and an influential approach to reporting the monthly figures.
  • Full or part qualified ACA/ACCA/CIMA (or equivalent) and have worked with both financial and commercial reporting.
  • Have experience within a similar role.
  • Possess strong organisational and analytical skills with attention to detail.
  • Knowledge of BOMs and routings, transfer pricing calculations, unrealised profit in inventory provision calculations, inventory provisions and adjustments and year-end audit requirements.
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