Financial Cost Analyst

Financial Cost Analyst

Full-Time 40000 - 50000 Β£ / year (est.) No working from home possible
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At a Glance

  • Tasks: Analyse financial data and maintain accurate cost accounting records.
  • Company: Join a dynamic finance team in a leading organisation.
  • Benefits: Competitive salary, flexible working hours, and career development opportunities.
  • Other info: Collaborate with various teams across the UK and overseas.
  • Why this job: Make a real impact on pricing decisions and profit maximisation.
  • Qualifications: Detail-oriented with strong analytical skills and knowledge of cost accounting.

The predicted salary is between 40000 - 50000 Β£ 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.

Financial Cost Analyst employer: 1to1 Group

Joining the Royal Logistic Corps Charity in Winchester as a Charity Finance Manager offers a unique opportunity to contribute to meaningful financial operations within a supportive and mission-driven environment. The organisation fosters a collaborative work culture that values professional growth, providing employees with opportunities for development and the chance to make a real impact in the community. With a hybrid working model and a commitment to employee well-being, this role is perfect for those seeking a rewarding career in the charity sector.

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Contact Details:

1to1 Group Recruitment Team

We think you need these skills to ace Financial Cost Analyst

Detail Orientation
Analytical Skills
Cost Accounting
D365 ERP System
Standard Costing
Variance Reporting
Bill of Materials Management