At a Glance
- Tasks: Support financial accuracy and reporting for the Newport site while collaborating with the UK Finance team.
- Company: Join Essentra, a dynamic company focused on innovation and teamwork.
- Benefits: Gain valuable experience in finance with a supportive team environment.
- Other info: This is a 6-month contract with opportunities for personal and professional development.
- Why this job: Make a real impact by improving financial processes and supporting business growth.
- Qualifications: Experience in finance or accounting is a plus; passion for teamwork is essential.
The predicted salary is between 40500 - 49500 £ per year.
We are currently recruiting for an experienced Management Accountant to join us on a fixed term basis of 6 months to begin with. This role works closely with the Site Finance Business Partner and supports them in ensuring the accuracy of the accounts and the provision of timely information to the Business. They are responsible for implementing and maintaining the controls required, to ensure the accuracy of the accounts. They will be primarily focused on the Newport site, however they will work closely with the UK Business Finance team and the management accountant for Bradford and Newmarket. The Newport site is currently working on a Fourth Shift system.
Job Requirements
- Standard setting and reporting on actual performance to understand the assumptions built in standards and review the actual performance.
- Assist the Finance business partner with annual standard review with a particular focus on raw material standards.
- Prepare site Gross Margin and Inventory analysis reports.
- Track and report on savings initiatives such as GMI and procurement.
- Calculation of stock provisioning requirements in line with the accounting policy manual.
- Monitor the results of inventory cycle count and work with the Supply Chain to investigate the root cause and agree process improvements.
- Attend quarterly and annual stock takes.
- Analyse materials variances inclusive of PPV and material yield variance.
- Report on working capital.
- Review the weekly production variance report.
- Support Budget and forecast process with particular focus on COGS.
- Support annual plan process for site, with specific input into materials, overheads and working capital.
- Provide financial support to New product, Continuous Improvement and procurement initiatives.
- Cost supplier reject compensation requests.
- Be responsible for the site Fixed Asset register inclusive of asset verification on bi-annual basis.
- Assist in Minimum Control Standards audits.
- Reporting into Cognos Controller for appropriate areas.
- Periodic review of BOM assumptions (Lot Size, Waste, Machine Rates), labour and overhead rates.
- Support Finance business partner in data cleansing reviews, such as BOM’s and other systems data.
- Review the goods received not invoiced report supplied by SSC and ensure the timely closure of older items.
- Will be required to undertake adhoc analysis as required by the Finance Business Partner.
At Essentra we are ideally looking for individuals who enjoy working as part of a close team, are passionate about what they do and who strive to make a difference. We are always looking to better ourselves and are keen to recruit individuals who like to innovate and improve processes. Candidates must be able to demonstrate a pre-existing right to work and travel within the EU. Documentary evidence will be requested at interview.
Management Accountant in Newport employer: Essentra
Essentra is an excellent employer that values flexibility and collaboration, making it an ideal workplace for the Global Indirects Lead role. With a strong focus on employee growth and development, we offer a supportive work culture that encourages innovation and cost optimisation across multiple regions. Our commitment to work-life balance and stakeholder partnership ensures that every team member can thrive in a meaningful and rewarding environment.
StudySmarter Expert Advice🤫
We think this is how you could land Management Accountant in Newport
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Essentra.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like Essentra might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Management Accountant in Newport
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Essentra will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Essentra. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Essentra confidence in your short-term commitment to the role.
How to prepare for a job interview at Essentra
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Essentra.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Essentra that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
