At a Glance
- Tasks: Prepare management accounts, analyse costs, and support budgeting in a dynamic manufacturing environment.
- Company: Join a world-leading manufacturer near Durham with ambitious growth plans.
- Benefits: Competitive salary, pension scheme, and a friendly, collaborative workplace.
- Other info: Opportunity for career growth in a fast-paced engineering-led environment.
- Why this job: Make a real impact on financial decision-making in an innovative manufacturing setting.
- Qualifications: Qualified accountant or finalist with strong experience in management accounting.
The predicted salary is between 40000 - 50000 £ per year.
Newman Stewart is partnering with a manufacturing organisation near Durham to recruit a Management Accountant. Our client is a world-leading manufacturer and a market leader in its field. They are growing, well backed and ambitious.
We are looking for a detail-oriented and commercially aware Management Accountant to join the finance team. In this key role, you will provide accurate financial insights, support strategic decision-making, and help drive cost efficiency and profitability in manufacturing operations. You will prepare timely management accounts, analyse variances, support budgeting and forecasting, and work closely with the senior leadership team in a fast-paced, engineering-led manufacturing environment.
Key Responsibilities- Prepare accurate monthly management accounts, including profit & loss statements, balance sheet reconciliations, and detailed variance analysis with meaningful commentary.
- Support the annual budgeting process and produce regular forecasts, identifying risks and opportunities.
- Analyse manufacturing costs, including direct materials, labour, and overheads, to support accurate product costing and margin analysis.
- Provide commercial financial support to operational teams on production efficiency, project costing, and capital expenditure appraisals.
- Monitor cash flow, working capital, and inventory levels, producing regular cash flow forecasts.
- Assist with the preparation of year-end statutory accounts and liaison with external auditors.
- Develop and maintain robust financial controls and reporting systems tailored to a manufacturing business.
- Support continuous improvement initiatives by identifying cost-saving opportunities and process efficiencies.
- Produce ad-hoc financial reports and analysis for senior management to aid strategic decision-making.
- Ensure compliance with UK GAAP, tax regulations, and internal policies.
- Qualified accountant (ACCA, CIMA, ACA, or equivalent) or finalist with significant progress towards qualification.
- Strong experience working as a Management Accountant, ideally within a manufacturing or engineering environment.
- Excellent understanding of manufacturing cost accounting, variance analysis, and inventory valuation.
- Advanced Excel skills and experience with accounting/ERP systems (experience with manufacturing-specific systems is advantageous).
- Ability to produce clear, insightful management reporting and present findings to non-finance stakeholders.
- Strong analytical, problem-solving, and communication skills.
- Ability to work independently while collaborating effectively with cross-functional teams.
- Previous experience in a precision engineering, metal fabrication, or similar heavy manufacturing business.
- Knowledge of inventory management in a project/manufacture-to-order environment.
- Familiarity with grant funding, R&D tax credits, or export-related financial matters.
- Competitive salary (dependent on experience and qualifications).
- Company pension scheme.
- Opportunity to work for a well-established, innovative manufacturing business.
- Friendly, collaborative working environment.
Management Accountant in Bath employer: Newman Stewart
Newman Stewart offers an exceptional opportunity for a Management Accountant to join a world-leading manufacturing organisation near Durham. With a focus on innovation and growth, the company fosters a friendly and collaborative work culture that encourages employee development and continuous improvement. Employees benefit from competitive salaries, a robust pension scheme, and the chance to contribute to strategic decision-making in a dynamic engineering-led environment.
StudySmarter Expert Advice🤫
We think this is how you could land Management Accountant in Bath
✨Tip Number 1: Get Involved in Consulting Case Competitions
Look for case competitions hosted by universities and consulting firms. They’re a fab way to showcase your problem-solving skills and meet industry players. Plus, winning one can seriously boost your CV, which we know is key when applying for roles like Management Accountant at Newman Stewart!
✨Tip Number 2: Leverage Alumni Networks
Tap into your university’s alumni network; many consultants love to help out new talent. Reach out to alumni who are working in management consulting, they might have insider knowledge about openings at firms like Newman Stewart or be willing to refer you for that Management Accountant position!
✨Tip Number 3: Attend Industry Events and Conferences
Keep an eye on management consulting events, workshops, or panels. These are prime opportunities to network with top professionals and get your name out there. You might even bump into someone from Newman Stewart who’s on the lookout for their next Management Accountant star!
✨Tip Number 4: Polish Your Consulting Skills Online
Engage with online platforms that offer consulting simulations or courses. Prove your chops by completing relevant projects — this not only beefs up your experience but also gives you concrete examples to chat about during interviews for that full-time Management Accountant role at Newman Stewart!
We think you need these skills to ace Management Accountant in Bath
Some tips for your application 🫡
Show Your Problem-Solving Skills:In management consulting, it's all about problem-solving—so make sure your CV highlights your analytical and critical thinking skills. Include examples from your studies or previous roles where you tackled complex issues or came up with innovative solutions. Quantify your achievements whenever possible to demonstrate your impact!
Tailor Your Cover Letter:Your cover letter is your chance to explain why you're a perfect fit for the consulting world. Focus on your motivation for joining the industry and how your skills align with the requirements of the role at Newman Stewart. Remember to mention any relevant coursework or projects that showcase your understanding of strategic frameworks or business models!
Highlight Team Experience:Consultants often work in teams, so it's vital to showcase your collaborative skills. Include experiences where you've worked effectively with others, whether in academic group projects or internships. Discuss your role in the team and how you helped achieve common goals, demonstrating you can thrive in a consultancy environment.
Professionalise Your Online Presence:Make sure your LinkedIn and any other professional profiles are up to date, reflecting your career aspirations in management consulting. Connect with industry professionals and follow relevant groups—show you’re serious about entering this field. Applying through our website is a great way to get noticed, so showcase your personality and enthusiasm there!
How to prepare for a job interview at Newman Stewart
✨Master the Case Study Game
In management consulting, case study interviews are all the rage. Make sure to practice structuring your thoughts and analysing data on the fly. Use resources like example case studies to get comfortable with frameworks and solutions. Remember, it’s not just about getting the right answer but showcasing your thought process, so talk us through your reasoning!
✨Know Your Numbers
Be prepared for some numerical and analytical questions. Brush up on your mental math and be ready to interpret data from charts or graphs. We might throw some business scenarios at you that require a quick turnaround on numerical analysis, so practice these skills to feel confident and swift!
✨Show Your Leadership Flair
As this is a full-time role, we want to see your potential as a seasoned consultant. Be ready to discuss experiences where you've led a project or a team. Think about times you've influenced decisions or navigated challenges—this is your chance to show how you can thrive in a fast-paced, collaborative environment.
✨Be a Cultural Fit
We’re not just looking for brains; we want to see if you vibe with our company culture at Newman Stewart. Prepare to share how your values align with ours. Have a think about what makes a great team environment for you and how you can contribute to that. A good cultural fit goes a long way in management consulting!
