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- Tasks: Join a high-performing finance team to manage cost control and financial analysis.
- Company: Fast-growing organisation in the professional services and technology sector.
- Benefits: Competitive salary, hybrid working, 33 days leave, and pension contributions.
- Why this job: Play a key role in strategic decision-making and enhance your finance skills.
- Qualifications: Fully qualified Accountant with strong Excel and management accounts experience.
- Other info: Opportunities for long-term career development and regular team events.
The predicted salary is between 36000 - 60000 £ per year.
BMC Recruitment Group are delighted to be recruiting for a Cost Accountant on behalf of a leading, fast-growing organisation within the professional services and technology sector. This newly created position offers an exciting opportunity to play a key role within a high-performing finance team, supporting cost control, financial analysis, and strategic decision-making across the business.
Key Benefits they offer:
- Competitive salary (dependent on experience)
- Full-time, permanent position
- Monday to Friday, standard office hours
- Hybrid working
- Free on-site parking
- 33 days annual leave including bank holidays (rising with length of service)
- Company pension contribution (increases with service)
- Regular company/team events
- Opportunities for long-term career development within a growing group
Your Duties & Responsibilities include:
- Preparation of accurate monthly Management Accounts with insights and commentary (P&L, Balance Sheet, Cash Flow)
- Support with subsidiary and consolidated monthly management accounts from an overheads perspective
- Business partnering with department heads, providing cost centre reporting, budgeting and forecasting support
- Weekly nominal and spend analysis to identify trends and variances
- Preparation of Balance Sheet reconciliations
- Reviewing and analysing accruals and prepayments
- Supporting internal and external audit requests
- Overhead tracking for key business projects
- Management of exceptional costs reporting
- Supporting complaints and operational loss reporting
- Working alongside finance teams to develop a universal coding structure for overheads
- Reviewing automated payroll journals and performing payroll reconciliations (MTD/YTD)
- Liaising closely with Purchase Ledger to ensure accurate invoice coding
- Conducting ad-hoc overhead and cost analysis for various departments
- Assist with VAT submissions
- Preparation of journals
Systems, Processes & Controls
- Act as a key contributor to continuous improvement initiatives across finance systems and reporting
- Support ongoing enhancements to Workday (or similar ERP) reporting
- Foster collaboration between FP&A, Purchase Ledger, Tax and Technical Accounting teams
- Identify opportunities to improve reporting quality, process control and data accuracy
- Act as a systems administrator for finance and banking systems
Experience Needed:
- Strong Excel skills – essential
- Experience producing management accounts and balance sheet reconciliations
- Variance analysis and cashflow knowledge
- Understanding of purchase ledger cycles, forecasting, accruals, and prepayments
- Experience working to tight deadlines
- Exposure to Workday or similar ERP – desirable
- Financial services experience – desirable
Qualifications Required:
- Fully qualified Accountant (ACCA / ACA / CIMA / ICAS)
Cost Accountant in Newcastle upon Tyne employer: BMC Recruitment Group
Contact Detail:
BMC Recruitment Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Accountant in Newcastle upon Tyne
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance sector and let them know you're on the hunt for a Cost Accountant role. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your financial analysis skills. Be ready to discuss your experience with management accounts, variance analysis, and cash flow. Show them you’re not just a number cruncher but a strategic thinker!
✨Tip Number 3
Don’t forget to showcase your Excel wizardry! Bring examples of how you've used Excel to streamline processes or improve reporting quality. This will definitely catch the eye of hiring managers looking for someone who can hit the ground running.
✨Tip Number 4
Apply through our website for the best chance at landing that dream job! We make it easy for you to connect with top employers in the professional services and technology sector. Plus, we’re here to support you every step of the way!
We think you need these skills to ace Cost Accountant in Newcastle upon Tyne
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Cost Accountant role. Highlight your experience with management accounts, variance analysis, and any relevant financial systems like Workday. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our finance team. Mention specific experiences that relate to cost control and financial analysis, and don’t forget to show your enthusiasm for the role.
Showcase Your Excel Skills: Since strong Excel skills are essential for this position, make sure to mention any advanced functions or tools you’re familiar with. If you've used Excel for financial reporting or analysis, let us know how you did it!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at BMC Recruitment Group
✨Know Your Numbers
As a Cost Accountant, you'll be dealing with financial data all day. Brush up on your management accounts, balance sheets, and cash flow statements. Be ready to discuss how you've used these in past roles and how they can impact decision-making.
✨Excel Skills are Key
Strong Excel skills are essential for this role. Make sure you can confidently navigate spreadsheets, use formulas, and create pivot tables. Consider preparing a few examples of how you've used Excel to analyse data or streamline processes in previous jobs.
✨Understand the Business
Research the company and its industry. Understand their services, key projects, and financial challenges. This will help you tailor your answers and show that you're genuinely interested in contributing to their success.
✨Prepare for Scenario Questions
Expect questions about how you'd handle specific situations, like managing tight deadlines or conducting variance analysis. Think of examples from your experience where you've successfully navigated similar challenges and be ready to share them.