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- Tasks: Support finance operations across three manufacturing sites, driving cost efficiencies and improving reporting accuracy.
- Company: Join Dover Precision Components, a leader in delivering performance-critical solutions for clean energy and efficiency.
- Benefits: Enjoy professional development opportunities and a competitive health and welfare package.
- Why this job: Be part of a collaborative culture that values innovation and sustainability while making a real impact.
- Qualifications: Undergraduate degree in Accounting & Finance; CA/ACCA/CIMA qualified preferred; strong analytical skills required.
- Other info: Travel to various sites is required; experience with ERP software and business intelligence systems is a plus.
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
- 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
Contact Detail:
Dover Precision Components Recruiting Team
hr@doverprecision.comfor
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Analyst
✨Tip Number 1
Familiarise yourself with Sarbanes Oxley compliance measures, as this role heavily involves ensuring internal controls are in place. Understanding these regulations will not only help you in the interview but also demonstrate your commitment to maintaining high standards in financial reporting.
✨Tip Number 2
Brush up on your cost accounting principles and GAAP accounting knowledge. Being able to discuss these topics confidently during your conversations with us will show that you have the technical expertise needed for the role.
✨Tip Number 3
Highlight any experience you have with business intelligence systems like Qliksense or Power BI. If you can demonstrate how you've used these tools to analyse data and drive decision-making, it will set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your collaborative experiences with various departments, such as Operations and Purchasing. This role requires strong relationship-building skills, so sharing specific examples of how you've worked cross-functionally will be beneficial.
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 your qualifications, such as CA/ACCA/CIMA, and any relevant manufacturing experience, while also expressing your enthusiasm for the role.
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/Power BI. This will show that you have the technical skills necessary for the role.
Showcase Soft Skills: In your application, illustrate your strong communication skills and collaborative mindset. Provide examples of how you've successfully worked with cross-functional teams or led change initiatives in previous roles, as these are key attributes for the Financial Analyst position.
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. Brush up on key performance indicators (KPIs) relevant to manufacturing and be ready to discuss how you can track and report on them effectively.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical abilities during the interview. Be ready to discuss past experiences where you've successfully interpreted cost data or identified areas for cost efficiencies. Use specific examples to illustrate your problem-solving skills.
✨Familiarise Yourself with Compliance
Since compliance with Sarbanes Oxley procedures is crucial, make sure you understand these regulations. Be prepared to discuss how you would ensure compliance in your role and any previous experience you have with internal controls.
✨Build Relationships
The role requires collaboration with various departments. Think about how you can build relationships with key stakeholders like Plant Managers and Production Supervisors. Prepare examples of how you've successfully worked with cross-functional teams in the past.
