At a Glance
- Tasks: Manage and analyse manufacturing work orders and ensure accurate product costing.
- Company: IPS Adhesives, a global leader in adhesive solutions with a focus on innovation.
- Benefits: Gain valuable experience in cost accounting within a dynamic manufacturing environment.
- Other info: Opportunity for professional growth and development in a fast-paced setting.
- Why this job: Kickstart your career in finance while working with cutting-edge technologies and collaborative teams.
- Qualifications: 3-5 years of cost accounting experience and strong analytical skills required.
The predicted salary is between 28800 - 48000 £ per year.
Work Location: Newcastle upon Tyne, UK
About the Company: IPS Adhesives is a global supplier of adhesive and related solutions to a wide variety of markets. The role covers operations for three brands, Scigrip for Structural Adhesives, Integra for Surfacing Adhesives and Unika covering kitchen products. The business is focused on solving problems and delivering value to our customers through great people, class leading adhesive technologies, and innovative and flexible packaging and service offerings.
Job Summary: The Cost Accountant is responsible for managing and analysing manufacturing work orders, ensuring accurate product costing, and overseeing cycle count activities to maintain inventory accuracy. This role partners closely with production, planning, and warehouse teams to support cost control, inventory integrity, and financial reporting in a manufacturing environment.
Role Accountabilities, Expectations, and Responsibilities:
- Ensure timely and accurate closing of work orders
- Monitor and analyse work order costs, including materials, labour, and overhead
- Investigate and resolve work order variances (material usage, labour efficiency, scrap, and overhead absorption)
- Support standard cost development and updates
- Manage our non-conforming material processes along with overseeing the disposal of these products
- Assist with bill of materials (BOM) and routing accuracy in coordination with production and planning
- Plan, manage, and execute the cycle count program for raw materials, WIP, and finished goods
- Analyse cycle count variances and identify root causes
- Work with warehouse and production teams to resolve discrepancies and implement corrective actions
- Ensure compliance with inventory control policies and internal controls
- Maintain accurate inventory records and support physical inventory counts
- Prepare cost-related reports for management, including production cost trends and variance analysis
- Identify opportunities to improve costing accuracy, inventory processes, and internal controls
The duties and responsibilities highlighted in this job description are indicative and may vary over time. Post holders are expected to undertake other duties and responsibilities relevant to the nature, level and extent of the post.
Education and/or Work Experience Requirements:
- 3–5 years of cost accounting experience in a manufacturing environment
- Hands-on experience with work order costing and inventory management
- Strong knowledge of manufacturing cost accounting principles
- Experience with ERP systems (SAP, Oracle, NetSuite, Microsoft Dynamics, or similar)
- Advanced Excel skills (pivot tables, lookups, data analysis)
- Strong analytical and problem-solving abilities
- High attention to detail and accuracy
- Effective communication and cross-functional collaboration skills
- Ability to manage multiple priorities in a fast-paced manufacturing environment
- Working towards a professional qualification, AAT/CIMA
Cost Accountant (Entry Level) in Newcastle upon Tyne employer: IPS Corporation
IPS Adhesives is an exceptional employer located in Newcastle upon Tyne, offering a dynamic work environment that fosters innovation and collaboration. With a strong focus on employee development, the company provides ample opportunities for growth and professional advancement, alongside a supportive culture that values teamwork and problem-solving. Employees benefit from working with cutting-edge adhesive technologies while enjoying a commitment to work-life balance and a vibrant community atmosphere.
StudySmarter Expert Advice🤫
We think this is how you could land Cost Accountant (Entry Level) in Newcastle upon Tyne
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend local events, and connect with professionals on LinkedIn. You never know who might have the inside scoop on job openings or can refer you directly.
✨Tip Number 2
Prepare for interviews by researching the company and its products. Understand their values and how they operate. This will help you tailor your answers and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice your interview skills with friends or family. Get comfortable talking about your experience and how it relates to the role of a Cost Accountant. The more you practice, the more confident you'll feel when it’s time to shine!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Cost Accountant (Entry Level) in Newcastle upon Tyne
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Cost Accountant role. Highlight relevant experience in cost accounting and inventory management, and don’t forget to mention any ERP systems you’ve worked with. 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 passionate about this role and how your background makes you a great fit. Be sure to mention your analytical skills and attention to detail, as these are key for us at IPS Adhesives.
Showcase Your Problem-Solving Skills:In your application, give examples of how you've tackled challenges in previous roles. Whether it’s resolving discrepancies or improving processes, we love to see candidates who can think critically and drive improvements in a manufacturing environment.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at IPS Adhesives!
How to prepare for a job interview at IPS Corporation
✨Know Your Numbers
As a Cost Accountant, you'll be dealing with numbers all day long. Brush up on your understanding of manufacturing cost accounting principles and be ready to discuss how you've applied them in past roles or projects. This will show that you’re not just familiar with the theory but can also put it into practice.
✨Get Familiar with ERP Systems
Since the role requires experience with ERP systems like SAP or Oracle, make sure you can talk about your experience with these tools. If you’ve used any similar software, highlight that too! Being able to demonstrate your technical skills will give you an edge.
✨Show Off Your Analytical Skills
Prepare to discuss specific examples where you've analysed costs or resolved discrepancies in work orders. Think of situations where your analytical skills made a difference. This will help the interviewers see your problem-solving abilities in action.
✨Communicate Effectively
This role involves working closely with various teams, so effective communication is key. Practice explaining complex accounting concepts in simple terms. You might even want to prepare a few scenarios where you successfully collaborated with others to achieve a common goal.
