At a Glance
- Tasks: Analyse financial data and maintain accurate cost records to maximise profits.
- Company: Join a leading recruitment agency with a commitment to diversity and inclusion.
- Benefits: Enjoy 21-26 days holiday, pension scheme, gym discounts, and more.
- Other info: Dynamic role with opportunities for growth in a supportive environment.
- Why this job: Make a real impact on financial decisions and work closely with various teams.
- Qualifications: Experience in cost analysis and strong analytical skills required.
The predicted salary is between 45000 - 50000 £ per year.
We are seeking a detail oriented and analytical Financial Cost Analyst to join our clients' finance team. The successful candidate will be responsible for maintaining the cost accounting system, monitoring variances through regular reporting and ensuring the business maintains robust costing records providing accurate margin information to inform pricing decisions and maximise profit opportunities. This role will be reporting directly to the Chief Financial Officer but maintaining close relationships with Sales, Production and Supply Chain functions at all clients' sites (both in UK and overseas).
Responsibilities
- Establish and maintain the standard costs of products, including internally manufactured and externally purchased parts.
- Ensure the accuracy of all standard costs within the D365 ERP system and for stock valuations prepared in accordance with UK accounting requirements.
- Lead annual standard cost evaluation process, including calculations of direct labour rates and indirect overhead recovery rate 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 are in place for all activities.
- Preparation of all variance reporting (Purchase Price Variance, productions/industrial variances reporting etc) and also provide suggestions to the wider business for cost savings opportunities and improvements identified from the reporting.
- Lead the monthly sales margin review process and liaise with sales and purchasing managers to help the company maximise profit and cashflow.
- Preparation of other operational reports (weekly, monthly and annual).
- Assist the Chief Financial Officer with the analysis of margin performance against budget in the monthly accounts.
- Interrogation and analysis of the ERP system to assist with any data requests from the business.
- Assist the Chief Financial Officer with any other ad hoc tasks as required.
Requirements
- 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 organisation.
- Ideally someone who is part qualified in a professional accountancy qualification or who has demonstrated ability in previous roles and possesses the relevant experience.
- Highly organised with attention to detail and ability to work under pressure and to tight deadlines.
- Able and willing to interrogate ERP systems with a 'can do' attitude.
- Possess excellent analytical, numerical and Excel skills.
- Excellent communication skills and a proven track record of being an effective business partner across all departments.
- D365 experience preferred but not essential.
Benefits:
- Holiday starting at 21 days rising to 26 days with every year of service.
- Company pension scheme.
- Employee Assistance Programme.
- Gym discount.
- Retail discounts.
- Cycle to work scheme.
As an equal opportunities employer, 1to1 Group is committed to the equal treatment of all current and prospective employees and does not condone discrimination on the basis of age, disability, sex, sexual orientation, pregnancy and maternity, race or ethnicity, religion or belief or gender identity. We aspire to have a diverse and inclusive workplace and strongly encourage suitably qualified applicants from a wide range of backgrounds.
Financial Cost Analyst in London employer: 1to1 Group Limited
1to1 Group is an excellent employer, offering a supportive work culture that values attention to detail and effective communication. Located in Winchester, employees benefit from free on-site parking and the opportunity for temporary to permanent employment, fostering career growth in a dynamic environment. With a focus on quality and teamwork, this role provides meaningful contributions to product excellence while allowing for professional development.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Cost Analyst in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like 1to1 Group Limited. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Financial Cost Analyst in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to 1to1 Group Limited.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on 1to1 Group Limited's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at 1to1 Group Limited
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with 1to1 Group Limited.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at 1to1 Group Limited will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former 1to1 Group Limited employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
