Financial Cost Analyst

Our engineering clients based close to Long Crendon have an exciting opportunity for a Financial Cost Analyst to join their growing team!

Reporting directly to the Chief Financial Officer, but having close working relationships with Sales, Production and Supply chain functions across all sites (both in the UK and overseas), this role will maintain the standard cost accounting system and monitor variances through regular detailed reporting

The role will ensure the business maintains robust costing records, providing accurate margin information to inform pricing decisions, and also to ensure compliance with all accounting requirements

Key Responsibilities:

• Establish and maintain the standard costs of all products, which includes both internally manufactured and externally purchased parts

• Ensure the accuracy of all standard costs within the D365 ERP system, so that the business can fully rely upon them for both internal reporting, and also for stock valuations prepared in accordance with UK accounting requirements 

• Lead the annual standard cost revaluation process, including calculations of direct labour rates and indirect overhead recovery rates in the ERP system.

• Ensure that Bills of Materials and labour routings are maintained accurately within D365, working with the production team to ensure accurate timings (and therefore costs) are in place for all activities

• Preparation of all variance reporting (Purchase Price Variance, production/industrial variances reporting etc) and also provide suggestions to the wider business for cost savings opportunities and possible improvements that are identified from this reporting

• Lead the Monthly sales margin review process and liaise with sales and purchasing managers to help the company maximise profit and cashflow

• Provision of other operational reports to the business (weekly, monthly and annual)

• Assist the Chief Financial Officer with the analysis of margin performance vs budget in the monthly accounts

• Interrogation and analysis of the D365 ERP system to assist with any data requests from the business

• Assist the Chief Financial Officer with any other adhoc tasks as required

Required Skills & Experience:

• Proven experience within a similar role, including the use of standard costs within a manufacturing environment
• Prior experience of using Bills of Materials and labour routings within a multi-site entity
• Role would suit a candidate who is part qualified in a professional accountancy qualification, or someone who has demonstrated ability in previous roles and possesses the equivalent experience
• Well organised with attention to detail and ability to work under pressure and to tight deadlines
• Excellent analytical and numerical skills, with strong Excel skills