At a Glance
- Tasks: Analyse financial costs and maintain accurate accounting records for engineering products.
- Company: Dynamic engineering firm near Aylesbury with a collaborative team environment.
- Benefits: Competitive salary, career growth opportunities, and hands-on experience in finance.
- Other info: Work closely with various departments and gain valuable insights into business operations.
- Why this job: Join a growing team and make a real impact on financial decision-making.
- Qualifications: Strong analytical skills and familiarity with accounting principles.
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.
Financial Cost Analyst in Milton Keynes employer: Latitude Recruitment
Join a dynamic engineering team in Aylesbury as a Financial Cost Analyst, where you will play a crucial role in shaping financial strategies and driving cost efficiencies. Our collaborative work culture fosters strong relationships across departments, providing ample opportunities for professional growth and development. With a commitment to innovation and excellence, we offer a supportive environment that values your contributions and encourages you to make a meaningful impact.
