Management Accountant
Permanent Position
Excellent Salary Available
(25 days + 8 Statutory Days, Pension up to 8% matched, Life Assurance: 5x Basic Salary)
Growing Manufacturing Business
Birmingham
My client are a precision manufacturing business, based in Birmingham, specialising in machining and assembly of high value low volume components.
The Management Accountant role reports directly into the Financial Controller and requires full understanding of management/financial accounts, year-end processes, accounting standards and internal controls & processes.
As a key member of the Finance team, you will be assisting in the timely and accurate preparation and production of all financial reports for the business and Group reporting. You will be a part/ fully qualified accountant with demonstrable hands-on accounts experience. You will possess excellent analytical skills and be able to prepare management information for both internal and external stakeholders.
Management Accountant
Job Description
- Preparation of monthly management accounts and detailed financial forecasts in readiness for Group submission within the pre-defined timescales. This includes basic journal posting; balance sheet reconciliations and preparation of P&L/ balance sheet/ cash flow.
- Support the ongoing development of the rolling monthly forecasting process and quarterly Group forecasting process to ensure high quality information is delivered on time. Ensure deliverables and responsibilities are clearly understood.
- Inventory controls from valuation through to typical movements of inventory such as; Goods Receipt through to WIP, Despatch and Scrappage. In addition, supporting the quarterly and yearly Inventory Counts process.
- Preparation and review of project margins. Ability to interpret this data and deduce key findings to drive a business wide lesson learnt process and business improvements.
- Produce in depth, challenging and competent financial analysis and support to the business covering aspects such as inventory; provisions; labour absorption; Cost Centre Reporting and project & cost accounting.
- Seek to continuously improve accounting activities and controls/ processes for the business implementing agreed improvements.
- Preparation and review of monthly Cost of Sales Analysis. Ability to interpret this data and deduce key findings to drive a business wide lesson learnt process and business improvements.
- Review; improve and design accounting and related system reports and processes for accuracy and completeness and ensure adherence to accounting practices as outlined by the department
- Support the development of junior members of the finance team to ensure the teams future succession plan.
- Act as a key contact and liaison with external audit teams, producing the relevant work papers and analysis to support on the statutory accounts and tax pack preparation.
Management Accountant
Essential Qualifications / Experience / Skills
- Qualified or part qualified ACA, ACCA or CIMA with a strong understanding and working knowledge of basic financial accounting standards (UK GAAP/ IFRS) and control environment.
- Able to work pro-actively, using their own initiative to identify opportunities for process, automation and systems improvements.
- Ability to interpret and constructively challenge large volumes of data, ensuring a high level of accuracy is maintained.
- Experience of operating within a global manufacturing business