At a Glance
- Tasks: Support product teams with financial appraisals and investment analysis for new products.
- Company: Join Caterpillar, a leader in sustainable energy solutions and innovative engineering.
- Benefits: Enjoy competitive salary, bonus potential, generous leave, and flexible benefits.
- Why this job: Make a real impact on product profitability while collaborating with diverse teams.
- Qualifications: Degree level education and experience in finance or accounting required.
- Other info: Dynamic role with opportunities for career growth in a supportive environment.
The predicted salary is between 40000 - 55000 £ per year.
Overview
Caterpillar\’s Industrial Power Systems Division (IPSD) designs, tests and manufactures 0.5 to 18L Cat and Perkins engines that power over 5000 applications including Marine, Petroleum, Industrial Applications, Electric Generators, and Locomotives. Caterpillar\’s company strategy includes sustainability as one of four focus areas and IPSD is engaged and actively preparing green energy solutions for the future.
The Opportunity
An exciting opportunity exists for a Management Accountant within the New Product Introduction (NPI) Team at our Caterpillar facility in Peterborough. You will support and advise the Product Team on a variety of financial appraisals, providing recommendations within challenging timescales. Whilst this opportunity sits in the Finance function, a key component of this role will be effective business partnering directly with multiple different Product Managers and other stakeholders from the wider business.
What You Will Do
- Investment analysis and financial review including New Product Introduction (NPI), future cost, should cost, global footprint, sourcing strategy and review of strategic alternatives
- Cost Analysis: establishing and monitoring target costs, forecasting future product costs and profitability, quantifying cost reductions
- Product, Customer and Region profitability reporting & analysis
- Operating Profit After Capital Charge (OPACC) determination & analysis
- Accountable Results Tool (ART) reporting and analysis
- Presenting results to Senior Leaders and non financial audiences
- Financial Analysis, Analytical Thinking and Problem Solving: Ability to interpret and draw accurate conclusions from financial and numerical data; perform systematic comparisons of two or more alternative solutions; use knowledge, logic and intuition to arrive at conclusions and recommendations
- Accuracy and attention to detail: Ability to complete tasks with high levels of precision, balancing speed and accuracy
- Managing Multiple Priorities: Ability to manage multiple concurrent objectives and be able to shift focus, co-ordinate with others to prioritize work and meet commitments
- Effective Communications: Strong collaboration skills, ability to summarise and confidently present results and recommendations to Senior Leaders
- Educated to degree level, Professional Certification (CIMA, ACCA or equivalent) or qualified by experience
- Experienced user of MS Excel and MS PowerPoint
- Experience of data analytics and visualisation tools such as MS PowerBI and Alteryx
- Experience of accounting within a manufacturing environment
Salary and Contract
£47,500 per year — Permanent, Full-time
Location
Peterborough, United Kingdom
Benefits
- 25 days annual leave
- Up to 10% bonus
- Contributory pension scheme – Caterpillar will double the employee\’s contribution Up To 10%
- Contributory share scheme – Caterpillar will match 50% of the employee\’s contribution.
- Optional flexible benefits including access to health and dental care plans for family members, EV car lease, holiday purchase.
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Management Accountant (supporting Product Profitability and Investment Analysis) employer: Caterpillar
Contact Detail:
Caterpillar Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Management Accountant (supporting Product Profitability and Investment Analysis)
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Caterpillar on LinkedIn. A friendly chat can give us insider info about the company culture and maybe even a referral!
✨Tip Number 2
Prepare for the interview by practising common questions related to financial analysis and business partnering. We should also be ready to discuss how we can contribute to sustainability initiatives at Caterpillar.
✨Tip Number 3
Showcase our analytical skills! Bring examples of past projects where we’ve successfully managed multiple priorities or improved profitability. This will help us stand out during discussions with the Product Team.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure our application gets noticed. Plus, it shows we’re genuinely interested in being part of the Caterpillar team.
We think you need these skills to ace Management Accountant (supporting Product Profitability and Investment Analysis)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Management Accountant role. Highlight your experience in financial analysis and business partnering, as these are key components of the job. We want to see how your skills align with 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 passionate about the role and how your background makes you a perfect fit. Don’t forget to mention your experience with cost analysis and investment appraisal, as these are crucial for us.
Showcase Your Analytical Skills: In your application, be sure to showcase your analytical thinking and problem-solving abilities. Provide examples of how you've interpreted financial data and made recommendations in previous roles. We love seeing candidates who can think critically!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Let’s get your journey started!
How to prepare for a job interview at Caterpillar
✨Know Your Numbers
As a Management Accountant, you'll be dealing with financial data all the time. Brush up on key financial metrics and be ready to discuss how you would approach investment analysis and cost forecasting. Familiarise yourself with Caterpillar's products and their profitability to show that you're not just numbers-savvy but also understand the business.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical thinking during the interview. Think of examples where you've successfully interpreted financial data or solved complex problems. Use the STAR method (Situation, Task, Action, Result) to structure your responses and highlight your ability to draw accurate conclusions from data.
✨Communicate Effectively
Since this role involves presenting results to Senior Leaders, practice summarising complex financial information in a clear and concise manner. You might even want to prepare a short presentation on a relevant topic to showcase your communication skills and confidence in front of an audience.
✨Be Ready for Scenario Questions
Expect questions that assess your ability to manage multiple priorities and work under pressure. Prepare for scenario-based questions where you might need to explain how you'd handle competing deadlines or collaborate with Product Managers. Think about past experiences where you successfully juggled tasks and how you prioritised effectively.