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- Tasks: Support business performance through job costing, stock reporting, and financial analysis.
- Company: Join Magellan Aerospace, a global leader in the aerospace industry.
- Benefits: Enjoy work-life balance, mental health support, and career development opportunities.
- Why this job: Make a real impact in a dynamic environment while growing your finance skills.
- Qualifications: Qualified Accountant with experience in cost accounting and strong analytical skills.
- Other info: Collaborative culture with excellent career progression and a commitment to employee development.
The predicted salary is between 30000 - 42000 ÂŁ per year.
Magellan Aerospace, Llay Wrexham has an exciting opportunity for a Cost Accountant. This is a full-time, permanent position (39 hours per week) located in Llay, Wrexham, LL12 0PB. The site is unionised and works in partnership with Unite the Union.
This is an excellent opportunity for someone who enjoys collaborating cross-functionally and driving real impact on business performance. The Cost Accountant, reporting directly to the Head of Finance, will act as the primary contact for three operational sites supporting the business with job costing, stock reporting, fixed assets, and overhead allocation. They will also support site activities such as stock takes, budget preparations, and audits whilst ensuring any escalations are reported and dealt with in a timely and effective manner. Although based at the Wrexham site, there will be a requirement to travel to other sites within MALUK including the Greyabbey site in Northern Ireland and Blackpool.
Perks and Benefits:
- A company culture that promotes work-life balance
- Access to mental health support
- Business performance related bonus
- Career development opportunities
- Commitment to continued learning and development
- Long Service Awards
- Enhanced Holiday Entitlement based on length of service
- Free parking
Essential Responsibilities:
- Build-up and maintenance of product standard costs on computer system
- Monitoring of actual costs against standard and reporting and investigation of variances
- Optimise cost accounting processes (job/product costing, margin analysis) to ensure accurate financial reporting
- Assist in the calculation of machine hourly cost rates
- Lead process improvement initiatives to enhance data, controls, and reporting
- Manage capex process and asset register
- Preparation of weekly/monthly management reports on product profitability
- Assist in preparation of monthly management accounts
- Preparation and monitoring of stock provisions
- Monitor perpetual inventory counting
- Attendance and assistance in the full stock take function
- Preparation and investigation of stock take variances
- Preparation of year-end supporting schedules for internal and external audit
- Preparation of data to assist budget-setting and forecasting processes
- Work with minimum amount of supervision and maintain good level of productivity
- Positively support teamwork and circulation of experience within the finance function
- Work in a safe manner in compliance with company Health & Safety policy
- Report and log Health & Safety incidents that occur
- Any other reasonable duties as requested by management in support of the business
Position Requirements:
Essential Criteria:
- Demonstrable experience within a multi-site manufacturing environment
- Strong costing and management accounting skills
- Qualified Accountant preferably CIMA
- 3-4 years experience in a cost accountant role
- Looks to improve processes
- SAP experience
Desirable Criteria:
- Aerospace experience desirable but not necessary
- Educated to a degree level
Key Competencies:
- Highly IT proficient. Advanced Excel user with experience of integrated computer systems (SAP)
- Very hands-on approach; need to get close and to understand production processes
- Happy to work in non-financial environment but with main line report to Finance
- Role will have close liaison with production and IT staff, good team player therefore needed
- Experience of constructing forecasting and budgeting models
Other Skills/Abilities:
- Quick learner with the personal skills required to adapt quickly to new challenges
- Resilient self-starter, with ability to manage workload to hit deadlines
Personal Attributes:
- Confident communicator, written and orally
- Strong attention to detail
- Analytical and commercially focused
- Self-starter and hands-on
- To have Integrity
- Respectful to others
- Creative in finding ways to do things better
- Act ethically in all you do
- Collaborate well with others
About us:
Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, defence and space agencies worldwide. The organization officially adopted the name “Magellan Aerospace Corporation” in 1996; deriving it from the intrepid explorer Ferdinand Magellan. His global exploits at the turn of the 15th century established a number of firsts, so the company’s vision has been to carry this same legacy into the future of the aerospace industry. At Magellan, we have over 80 years of collective knowledge and experience in the aerospace industry, and believe one truth: People create value. Employees are our greatest resource in working towards a successful future, and together we build professional relationships that thrive. We know that personal development is fundamental to the success of every individual, and every individual is fundamental to the success of our business, so we invest in our employees and provide excellent career progression opportunities. When you are part of Magellan, you are part of the team!
Confidentiality: Magellan Aerospace respects the privacy and confidentiality of personal information provided by candidates and shall not disclose to any external parties unless legislated. Thank you for considering this exciting opportunity. This document is intended to provide the reader with information and is not a contractual document. Some of the material therefore may be subject to change.
Cost Accountant employer: Magellan Aerospace Limited
Contact Detail:
Magellan Aerospace Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Accountant
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work at Magellan Aerospace or similar companies. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by researching the company culture and values. Magellan values collaboration and personal development, so be ready to share how you embody these traits in your work.
✨Tip Number 3
Practice your answers to common interview questions, but keep it natural. Use examples from your past experiences that highlight your costing and management accounting skills, especially in a multi-site environment.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in being part of the Magellan team.
We think you need these skills to ace Cost Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Cost Accountant role. Highlight your costing and management accounting skills, and don’t forget to mention any experience with SAP or in a multi-site manufacturing environment.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role at Magellan Aerospace. Share specific examples of how you've driven impact in previous roles and how you can bring that same energy to our team.
Showcase Your Analytical Skills: As a Cost Accountant, analytical skills are key. In your application, provide examples of how you've used your analytical abilities to solve problems or improve processes. This will show us that you’re not just about numbers, but also about making sense of them!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at Magellan Aerospace Limited
✨Know Your Numbers
As a Cost Accountant, you'll be dealing with figures all day long. Brush up on your costing and management accounting skills before the interview. Be ready to discuss how you've optimised cost accounting processes in the past and any specific examples of job costing or variance analysis you've handled.
✨Familiarise Yourself with SAP
Since SAP experience is essential for this role, make sure you're comfortable discussing how you've used it in previous positions. If you can, prepare to share specific instances where you leveraged SAP to improve financial reporting or manage inventory effectively.
✨Show Your Team Spirit
This role requires collaboration across various sites and departments. Be prepared to talk about your experiences working in cross-functional teams. Highlight any process improvement initiatives you've led and how you supported teamwork within the finance function.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities and how you handle challenges. Think of scenarios where you've had to manage tight deadlines or resolve discrepancies in financial reports. Practising these responses will help you demonstrate your analytical skills and resilience.
