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- Tasks: Lead the development of standard costing practices in a dynamic manufacturing environment.
- Company: Join a forward-thinking manufacturing company focused on operational efficiency.
- Benefits: Competitive pay, hands-on experience, and opportunities for professional growth.
- Why this job: Make a real impact on financial decisions and operational success.
- Qualifications: Bachelor's degree in Accounting or Finance and 3-5 years of cost accounting experience.
- Other info: Temporary role with potential for flexibility during key project phases.
The predicted salary is between 36000 - 60000 £ per year.
We are seeking a highly skilled and detail-oriented Cost Accountant to lead the implementation and maintenance of standard costing practices at our manufacturing facility. The ideal candidate will have hands-on experience in developing, analyzing, and managing standard cost systems in a production environment, ensuring accurate product costing, supporting operational efficiency, and contributing to strategic financial decisions.
Responsibilities:
- Lead the development and implementation of standard costs for materials, labor, and overhead across all manufacturing operations.
- Collaborate with operations, engineering, and procurement to analyze BOMs, routings, labor, and overhead drivers to establish accurate cost standards.
- Conduct time studies in collaboration with production and engineering teams to establish accurate labor standards and production rates.
- Establish standard costs using the gross margin method, especially for new or customized products, by working backward from target pricing and desired margin levels.
- Develop a process to monitor and report on cost variances (material, labor, and overhead), including root cause analysis and follow-up with relevant departments.
- Develop a process for the annual standard cost roll up, including updates for new products, process changes, and inflationary factors.
- Provide cost modeling and scenario analysis to support pricing, capital investments, and strategic planning.
- Ensure compliance with company policies, internal controls, and SOX requirements (if applicable).
Qualifications/Experience required:
- Bachelor's degree in Accounting, Finance, or related field.
- Minimum of 3–5 years of cost accounting experience in a manufacturing environment, with proven experience setting up standard costs.
- Strong understanding of manufacturing processes, BOMs, routings, and cost allocation methodologies.
- Proficiency with ERP systems (e.g., Microsoft D365, SAP, Oracle) and advanced Excel skills.
- Excellent analytical, organizational, and communication skills.
- Ability to work cross-functionally and manage multiple priorities in a dynamic environment.
Preferred Skills:
- Experience with ERP implementations or cost reengineering projects.
This is a temporary assignment for the duration of the ERP implementation, expected to last 12 months. Flexibility may be required during key phases of the project such as testing and go-live.
Cost Accountant- Standard Costing Specialist in Corby employer: Morgan Advanced Materials
Contact Detail:
Morgan Advanced Materials Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Accountant- Standard Costing Specialist in Corby
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. We recommend practising common interview questions and even role-playing with a friend. The more comfortable you are, the better you’ll perform when it counts!
✨Tip Number 3
Showcase your skills through real-life examples. When discussing your experience, use specific instances where you’ve successfully implemented cost accounting practices or improved processes. This will help you stand out as a candidate who can deliver results.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Cost Accountant- Standard Costing Specialist in Corby
Some tips for your application 🫡
Read the Job Description Carefully: Before you even think about applying, make sure to read through the job description thoroughly. We want to see that you understand what we're looking for in a Cost Accountant and how your skills align with our needs.
Tailor Your CV and Cover Letter: Don’t just send us a generic CV! Take the time to tailor your application to highlight your relevant experience in cost accounting and standard costing practices. Show us why you're the perfect fit for this role!
Showcase Your Skills: Make sure to emphasise your proficiency with ERP systems and advanced Excel skills in your application. We’re keen on seeing how your analytical and organisational skills can contribute to our team.
Apply Through Our Website: When you're ready to apply, do it through our website! It’s the best way to ensure your application gets to us directly and is considered promptly. We can't wait to hear from you!
How to prepare for a job interview at Morgan Advanced Materials
✨Know Your Numbers
As a Cost Accountant, you'll need to demonstrate your expertise in standard costing. Brush up on key metrics and be ready to discuss how you've developed and managed cost systems in previous roles. Bring examples of your work with BOMs and routings to the table.
✨Showcase Your Analytical Skills
Prepare to highlight your analytical prowess during the interview. Think of specific instances where you've conducted time studies or performed root cause analysis on cost variances. Be ready to explain your thought process and the impact of your findings on operational efficiency.
✨Familiarise Yourself with ERP Systems
Since proficiency with ERP systems is crucial for this role, make sure you can discuss your experience with tools like Microsoft D365, SAP, or Oracle. If you’ve been involved in ERP implementations or cost reengineering projects, share those experiences to show your hands-on knowledge.
✨Communicate Cross-Functionally
This role requires collaboration with various departments. Prepare to discuss how you've worked cross-functionally in the past. Think about how you’ve communicated complex financial information to non-financial teams and how that contributed to successful outcomes.
