Senior Finance and Cost Accountant
Job Summary (50 words)
A Senior Finance and Cost Accountant will be responsible for preparing journal entries, account reconciliations, margin variance analysis, and monitoring variances to standard cost. They will also participate in the monthly close activities and drive consistency and standardization of cost accounting.
Key Responsibilities:
1. Financial Reporting: Prepare journal entries related to manufacturing accounting to support accurate and timely financial statements in accordance with US GAAP and corporate financial policies.
2. Account Reconciliations: Prepare account reconciliations to ensure proper balance sheet valuation, with appropriate accounting treatment for potential risk.
3. Margin Variance Analysis: Analyze margin variances including PPV, Production and Absorption variances.
4. Variance Monitoring: Monitor variances to standard cost and investigate significant differences.
5. Monthly Close Activities: Participate in other monthly close activities in area of responsibility.
6. Standard Costing: Calculate standard costing of products in SAP, including reviewing appropriate update of BOMs, Routings, etc. as necessary.
7. Cost Accounting Standardization: Drive consistency and standardization of cost accounting in line with Corporate Policies.
8. Finance Lead on Process Improvement: Finance Lead on process improvement projects related to costing of materials.
9. Finance Guidance: Provide finance guidance aligned to the preparation of customer pricing simulations, financial analysis and modelling.
10. SAP Closing and Reporting: Ensure timely closing of SAP and subsequent reporting submissions to the head office.
11. Business Partner: Business partner to functions across the manufacturing site and the wider finance community.
12. Continuous Improvement: Driving continuous improvement in the finance function.
13. Reporting: Delivers timely and comprehensive reporting (current and forecasting reports) of income statement, and balance sheet. Providing risk and commentary for top management.
14. Statutory Accounts: Preparation of Statutory Accounts, Regulatory and Revenue returns to a final review stage.
15. Transfer Pricing: Transfer pricing including reporting and liaising with internal external tax teams.
16. Liaising with External and Internal Auditors: Liaising with external and internal auditors.
17. Site Strategic Activities: Participates in site strategic activities, providing relevant input and support for KPI's & organisational decisions.
18. Ad-hoc Reporting: Ad-hoc reporting as required.
Requirements:
1. Professional Accounting Qualification: Professional accounting qualification ACCA / CIMA / ACA.
2. Experience in Cost Accounting: Minimum of 5 years' experience in cost accounting, preferably within a manufacturing environment.
3. Delivering Information and Financial Support: Ability to exceed internal customer expectations on delivery of information and financial support to achieve business goals.
4. Self-Motivation and Ability to Work Independently: Self-motivated and ability to work on own initiative.
5. Knowledge of Lean Initiatives: Knowledge of lean initiatives and ability to drive continuous improvement.
6. Excellent Interpersonal Skills and Leadership Ability: Excellent interpersonal skills and the ability to lead.
7. Advanced Excel Skills: Advanced Excel skills.
8. Experience in Multinational Environment: Experience of working in a multinational environment.
9. SAP and IFRS Familiarity: Experience with SAP and familiarity with IFRS an advantage.
10. Intelligence Reporting: Intelligence reporting – Power BI, Process Automation, Design Optimisation.