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- Tasks: Prepare financial reports, conduct variance analysis, and manage inventory for manufacturing operations.
- Company: Join a dynamic manufacturing firm focused on financial health and operational efficiency.
- Benefits: Enjoy a competitive salary of £40k - £50k and opportunities for career growth.
- Why this job: Perfect for proactive individuals wanting to enhance their analytical skills in a supportive environment.
- Qualifications: Must be newly qualified (CIMA/ACCA) with manufacturing experience and strong IT skills.
- Other info: Collaborate with various departments to drive process improvements and financial performance.
We are recruiting a newly qualified (CIMA/ACCA) Management Accountant with manufacturing experience and an aptitude for forensic analysis. The ideal candidate will play a crucial role in supporting the financial health of operations by providing accurate and timely financial information. This position is perfect for a proactive individual with strong analytical skills who wants to further their career in Management Accounting.
Key Responsibilities:
- Financial Reporting: Prepare and present monthly management accounts, including profit and loss statements, balance sheets, and cash flow forecasts and completion of month end relating to production operations.
- Variance Analysis: Conduct detailed variance analysis between actual performance and budget/forecast, identifying key drivers of variances.
- Cost Accounting: Monitor and analyse manufacturing costs, including raw materials, labour, and overheads. Ensure accurate allocation of costs to products and projects.
- Inventory Management: Oversee inventory valuation and management, ensuring accurate reporting and minimizing excess stock levels.
- Continuous Improvement: Collaborate with operational teams to identify and implement process improvements that drive efficiency, cost savings, and financial performance.
- Stakeholder Engagement: Work closely with production, supply chain, and other departments to provide financial guidance and challenge variances.
Manufacturing experience is critical to this role along with highly demonstrable successes in variance analysis, cost accounting, and financial reporting. Highly developed IT Skills are a must and the ability to communicate financial information to non-finance colleagues is crucial to your success.
Salary on the position is circa £40k - £50k. If this sounds like your next move, you can apply by sending your CV via the link below.
Good Luck
Management Accountant employer: Blue Oak Recruitment
Contact Detail:
Blue Oak Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Management Accountant
✨Tip Number 1
Familiarise yourself with the specific financial software and tools commonly used in manufacturing environments. Highlighting your proficiency in these systems during interviews can set you apart from other candidates.
✨Tip Number 2
Prepare to discuss real-life examples of how you've conducted variance analysis or cost accounting in previous roles. Being able to articulate your thought process and the impact of your work will demonstrate your analytical skills effectively.
✨Tip Number 3
Network with professionals in the manufacturing sector, especially those in finance roles. Engaging with industry-specific groups on platforms like LinkedIn can provide insights and potentially lead to referrals for the position.
✨Tip Number 4
Research StudySmarter's values and recent projects related to financial health in operations. Tailoring your conversation during the interview to align with our mission can show your genuine interest in joining our team.
We think you need these skills to ace Management Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in management accounting, particularly in manufacturing. Emphasise your skills in financial reporting, variance analysis, and cost accounting to align with the job requirements.
Craft a Strong Cover Letter: Write a cover letter that showcases your analytical skills and proactive approach. Mention specific examples of how you've successfully managed financial reporting or improved processes in previous roles, demonstrating your fit for the position.
Highlight Relevant Qualifications: Clearly state your qualifications, such as CIMA or ACCA, and any additional certifications that may be relevant. This will help establish your credibility and expertise in the field of management accounting.
Showcase IT Skills: Since highly developed IT skills are essential for this role, mention any relevant software or tools you are proficient in, such as ERP systems or advanced Excel functions. This will demonstrate your capability to handle the technical aspects of the job.
How to prepare for a job interview at Blue Oak Recruitment
✨Showcase Your Manufacturing Experience
Make sure to highlight your previous experience in the manufacturing sector during the interview. Discuss specific projects or roles where you successfully managed financial reporting and cost accounting, as this is crucial for the position.
✨Prepare for Variance Analysis Questions
Expect questions related to variance analysis, as it's a key responsibility of the role. Be ready to explain how you've conducted variance analysis in the past, including the methods you used and the insights you gained from the data.
✨Demonstrate Your IT Skills
Since highly developed IT skills are essential, be prepared to discuss the software and tools you are proficient in. If possible, bring examples of reports or analyses you've created using these tools to showcase your capabilities.
✨Communicate Financial Concepts Clearly
You will need to communicate complex financial information to non-financial colleagues. Practice explaining financial concepts in simple terms, as this will demonstrate your ability to engage with stakeholders across different departments.
