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For Companies At a Glance
- Tasks: Support finance operations across three manufacturing sites, driving cost efficiencies and improving reporting accuracy.
- Company: Join Dover Precision Components, a leader in delivering innovative solutions for cleaner energy and efficient manufacturing.
- Benefits: Enjoy professional development opportunities, a collaborative culture, and competitive health and welfare offerings.
- Why this job: Be part of a mission-driven team that enhances performance and accelerates clean energy adoption.
- Qualifications: Undergraduate degree in Accounting & Finance; CA/ACCA/CIMA qualified preferred; strong analytical skills required.
- Other info: Travel to various sites is required to support plant management and financial performance.
The predicted salary is between 28800 - 48000 £ per year.
As the Finance Analyst for Dover Precision Components, you will support the UK Finance Manager, with a responsibility for 3 manufacturing sites (4 P&Ls) in Scotland and England in driving cost efficiencies and improvements in reporting accuracy and profitability, whilst determining and implementing cost accounting procedures and methods. You will prepare and/or review sales & cost reports and inventory accounts, examine and review cost records and ensure cost data is allocated correctly. The Finance Analyst is also responsible for ensuring compliance measures are in place in regard to Sarbanes Oxley internal control procedures, assisting in capital expenditure requests, preparing journal entries, and preparing forecasts and budgets.
What You Will Bring
- An undergraduate degree in Accounting & Finance
- Ideally CA/ACCA/CIMA Qualified
- Previous manufacturing industry experience desired, but not essential
- Excellent verbal and written communication skills
- A collaborative mind-set, with sound judgment and analytical abilities and strong attention to detail
- Fluency with Microsoft Office products, including Excel, Word and Power Point
- Demonstrated experience in leading change initiatives
- Requires fluency and proficiency in the practical application of cost accounting principles and intermediate level GAAP accounting principles
- Experience with Infor-Syteline ERP Operating System software is a plus
- Ability to effectively prioritize workload based on business needs
- Must possess strong data analysis and presentation skills
- Experience with business intelligence systems Qliksense/Power BI is a plus
- Ability to build key organizational relationships with Financial Controller, Plant Managers, Production Supervisors, Quality Managers, Purchasing Managers, Planning Manager, and CI Coordinator
What You Will Do
- Establish and maintain excellent internal controls and comply with Sarbanes Oxley procedures and supply data timely for audit
- Provide support to local plant management across 3 sites to better improve plant financial performance
- Travel required to each site to offer management support
- Participate in a critical role in month end accounting close including review of management accounts, inventory reconciliation and other account reconciliations as assigned
- Develop your working relationships with Operations, Purchasing, Manufacturing, Engineering colleagues
- Ascertain plant assets are properly accounted for and safeguarded from loss including participating in annual physical inventory/daily cycle count and fixed asset inventory
- Analyse the manufacturing operation results including interpreting and communicating cost and expense variances to management
- Assist in the maintenance of standard cost data and preparation of reports
- Work with operations to capture and drive productivity savings
- Support in the preparation of accurate direct and indirect labour rates to ensure accurate product costing
- Prepare manufacturing variance analysis standard and ad hoc reports to assist in the determination of plant and value stream (product line) profitability
- Track and report on Key Performance Indicators (KPI’s) as defined
- Assist the UK Finance Manager in preparation of annual budgets and forecasts for plant operations
- Monitor progress against forecast, providing explanation for forecast variances, preparation and review of monthly financial statements
- Perform special projects and other ad-hoc financial reporting as required or requested
Financial Analyst employer: Dover Precision Components
Contact Detail:
Dover Precision Components Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Analyst
✨Tip Number 1
Familiarise yourself with cost accounting principles and GAAP accounting. Since the role requires fluency in these areas, demonstrating your knowledge during interviews can set you apart from other candidates.
✨Tip Number 2
Highlight any experience you have with ERP systems, especially Infor-Syteline. If you don’t have direct experience, consider taking a short course or tutorial to understand its functionalities better.
✨Tip Number 3
Prepare to discuss how you've previously driven cost efficiencies or improvements in reporting accuracy. Use specific examples that showcase your analytical skills and attention to detail.
✨Tip Number 4
Network with professionals in the manufacturing finance sector. Building relationships with individuals who work in similar roles can provide insights and potentially lead to referrals for the position.
We think you need these skills to ace Financial Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in finance and accounting, particularly any roles that involved cost accounting or financial analysis. Use keywords from the job description to demonstrate your fit for the Financial Analyst position.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of Dover Precision Components and how your skills align with their needs. Mention specific experiences that relate to the responsibilities outlined in the job description, such as preparing budgets or analysing financial data.
Highlight Technical Skills: Emphasise your proficiency with Microsoft Office, especially Excel, and any experience with ERP systems like Infor-Syteline or business intelligence tools like Qliksense or Power BI. This will show that you have the technical skills necessary for the role.
Showcase Soft Skills: In your application, highlight your communication skills and ability to collaborate with various teams. Provide examples of how you've successfully worked with others to drive improvements or solve problems in previous roles.
How to prepare for a job interview at Dover Precision Components
✨Know Your Numbers
As a Financial Analyst, you'll be expected to have a strong grasp of financial metrics and accounting principles. Brush up on your cost accounting knowledge and be prepared to discuss how you would apply these principles in real-world scenarios.
✨Demonstrate Analytical Skills
Showcase your analytical abilities by preparing examples of how you've used data analysis to drive decision-making in previous roles. Be ready to explain your thought process and the impact of your findings.
✨Familiarise Yourself with Relevant Software
If you have experience with Infor-Syteline ERP or business intelligence tools like Qliksense or Power BI, make sure to highlight this during your interview. If not, consider doing a bit of research or a quick tutorial to understand their functionalities.
✨Build Relationships
The role involves collaborating with various departments. Prepare to discuss how you've successfully built relationships in past positions and how you plan to engage with plant management and other stakeholders to improve financial performance.
