Accountant - Cost and Inventory

Position Type
Full-time permanent
Business Area / Division
Finance
Location
UK - Birkenhead
Job Advert Description

We are looking for a qualified accountant to join the Finance team based at our Birkenhead site to ensure that inventory valuations and standard costs are correct and that effective cost control procedures are being operated

Knowledge & Skills

  • Qualified Accountant (ACA/ACCA/CIMA/CIPFA) with 3+ years experience in a similar role in a manufacturing environment
  • Detailed working knowledge of IFS or equivalent
  • Proven experience of developing, maintaining and managing standard costs
  • Proven record of delivering effective control over standard costs and inventory valuation, with minimal supervision, whilst adhering to strict deadlines
  • Commitment to providing a high quality of service to internal and external customers
  • Strong IT skills (including good working knowledge of Microsoft Word and Excel)
  • Effective communication and interpersonal skills
  • Unquestionable professional ethics and integrity
  • Ability to proactively resolve day-to-day operational issues and to effect process improvements
  • Strong organisational skills in terms of work planning and time management
  • Ability to lead from the front and work as a member of a team to meet demanding deadlines

Key Responsibilities

COST ACCOUNTING

  • Collect and maintain cost data to determine the standard costs of business activity (from new product development through to mainstream production)
  • Ensure that raw material, labour and overhead costs are accurately reflected in standard and actual costs and in accordance with Survitec’s policies and guidelines
  • Analyse changes in product design, raw materials, manufacturing processes and labour mix to determine effects on costs
  • Analyse actual manufacturing costs and prepare periodic reports comparing standard costs to actual production costs
  • Ensure that variances between standard and actual costs are investigated
  • Provide a report on manufacturing variances for each designated period – identifying the causes and corrective actions required
  • Work with other members of the Survitec Team to ensure that corrective actions are taken
  • Ensure that manufacturing Bills of Materials (BOMs) are based on up-to-date standard cost information
  • Conduct periodic audits of standard costs and take corrective actions
  • Manage standing data on IFS and ensure that changes in standard costs are properly quantified, authorised and controlled
  • Assist with the month-end close process to ensure that cost of sales and contribution margin information is correct – by product and on an overall basis
  • Assist with the budgeting and forecasting processes to ensure that standard and other costs are accurate and that all assumptions are clearly documented
  • Assist with the provision of cost information for tender submission and quotations
  • Ensure that IFS functionality is optimised for the effective and efficient management of standard and product costs

INVENTORY VALUATION

  • Ensure that all inventory (raw materials, work in progress and finished goods) is valued correctly and in line with accepted accounting principles
  • Ensure that stock obsolescence provisions are reviewed monthly and calculated in accordance with Survitec policy whilst taking account of factors affecting value in use (eg: product lifespan, BOM changes, etc…)
  • Ensure that stock adjustments are substantiated and authorised in accordance with Survitec policy and limits of authority in advance of being processed
  • Ensure that stock adjustments are processed at the earliest opportunity to maintain the integrity of the stock valuation
  • Ensure that all supporting documentation is uploaded to IFS and attached to the relevant transactions using the appropriate Survitec file naming conventions
  • Ensure that stock reports being generated by IFS are fit for purpose and provide information in the format required by key stakeholders
  • Work with other members of the Survitec Team to ensure that stock transactions are being booked at the earliest opportunity to guarantee the integrity of the underlying data
  • Assist the Procurement, Stock Management and Production Team to ensure that stock levels are being optimised to minimise working capital whilst facilitating on-time production
  • Generate reports to support the stock valuation and associated provisions being reported in the accounts
  • Reconcile the stock control accounts to the general ledger on a monthly basis and ensure that all reconciling items are resolved promptly
  • Ensure that appropriate Key Performance Indicators (KPIs) are implemented and achieved to secure performance and deliver continuous improvement

OTHER DUTIES

  • Manage relationships with existing clients, contractors, other professionals, suppliers and site staff
  • Ensure that the company’s IT procedures, standards and specifications are recorded and maintained
  • Comply with Survitec’s policies and procedures at all times
  • Promote a culture of continuous improvement
  • Ensure a flexible approach to working hours to fulfil the requirements of the post and meet project deadlines
  • Be prepared to travel to and between sites as necessary to fulfil the requirements of the post and meet project deadlines
Closing Date
28/04/2019

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