At a Glance
- Tasks: Analyse financial costs and maintain accurate costing records for engineering products.
- Company: Dynamic engineering firm near Aylesbury with a collaborative team culture.
- Benefits: Competitive salary, professional development, and opportunities for career growth.
- Other info: Fast-paced environment with opportunities to work closely with various departments.
- Why this job: Join a growing team and make a real impact on financial decision-making.
- Qualifications: Experience in cost analysis within manufacturing and strong Excel skills required.
The predicted salary is between 40000 - 50000 £ per year.
Our engineering clients based close to Aylesbury have an exciting opportunity for a Financial Cost Analyst to join their growing team! Reporting directly to the Chief Financial Officer, but having close working relationships with Sales, Production and Supply chain functions across all sites (both in the UK and overseas), this role will maintain the standard cost accounting system and monitor variances through regular detailed reporting. The role will ensure the business maintains robust costing records, providing accurate margin information to inform pricing decisions, and also to ensure compliance with all accounting requirements.
Key Responsibilities:
- Establish and maintain the standard costs of all products, which includes both internally manufactured and externally purchased parts.
- Ensure the accuracy of all standard costs within the D365 ERP system, so that the business can fully rely upon them for both internal reporting, and also for stock valuations prepared in accordance with UK accounting requirements.
- Lead the annual standard cost revaluation process, including calculations of direct labour rates and indirect overhead recovery rates in the ERP system.
- Ensure that Bills of Materials and labour routings are maintained accurately within D365, working with the production team to ensure accurate timings (and therefore costs) are in place for all activities.
- Preparation of all variance reporting (Purchase Price Variance, production/industrial variances reporting etc) and also provide suggestions to the wider business for cost savings opportunities and possible improvements that are identified from this reporting.
- Lead the Monthly sales margin review process and liaise with sales and purchasing managers to help the company maximise profit and cashflow.
- Provision of other operational reports to the business (weekly, monthly and annual).
- Assist the Chief Financial Officer with the analysis of margin performance vs budget in the monthly accounts.
- Interrogation and analysis of the D365 ERP system to assist with any data requests from the business.
- Assist the Chief Financial Officer with any other adhoc tasks as required.
Required Skills & Experience:
- Proven experience within a similar role, including the use of standard costs within a manufacturing environment.
- Prior experience of using Bills of Materials and labour routings within a multi-site entity.
- Role would suit a candidate who is part qualified in a professional accountancy qualification, or someone who has demonstrated ability in previous roles and possesses the equivalent experience.
- Well organised with attention to detail and ability to work under pressure and to tight deadlines.
- Excellent analytical and numerical skills, with strong Excel skills.
Financial Cost Analyst in Aylesbury employer: Latitude Recruitment
Join a dynamic engineering team in Aylesbury as a Financial Cost Analyst, where you will play a crucial role in maintaining robust costing records and driving financial insights. Our company fosters a collaborative work culture, offering opportunities for professional growth and development while ensuring compliance with accounting standards. With a focus on innovation and efficiency, we provide our employees with the tools and support needed to excel in their roles and contribute to meaningful projects.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Cost Analyst in Aylesbury
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Latitude Recruitment. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Financial Cost Analyst in Aylesbury
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Latitude Recruitment.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Latitude Recruitment's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Latitude Recruitment
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Latitude Recruitment.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Latitude Recruitment will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Latitude Recruitment employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
