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.
Job Summary
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.
Qualifications
- 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.
What’s on Offer
- 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 North East 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, providing competitive salaries, a robust pension scheme, and ample opportunities for professional development in a dynamic engineering-led environment.
StudySmarter Expert Advice🤫
We think this is how you could land Management Accountant in North East
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and manufacturing sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company thoroughly. Understand their products, values, and recent news. This will help you tailor your answers and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice your financial insights! Be ready to discuss how you've used your skills in previous roles to drive cost efficiency and profitability. Use specific examples to demonstrate your impact and how you can contribute to their success.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Management Accountant in North East
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Management Accountant role. Highlight your experience in manufacturing and any relevant qualifications like ACCA or CIMA. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our finance team. Mention specific experiences that relate to the key responsibilities listed in the job description.
Showcase Your Analytical Skills:Since this role involves a lot of financial analysis, make sure to showcase your analytical skills in your application. Provide examples of how you've used data to drive decision-making or improve processes in previous roles.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it shows you're keen on joining our team!
How to prepare for a job interview at Newman Stewart
✨Know Your Numbers
As a Management Accountant, you'll need to demonstrate your financial acumen. Brush up on key financial metrics and be ready to discuss how you've used them in past roles. Prepare examples of how you've contributed to cost efficiency and profitability in manufacturing settings.
✨Understand the Business
Familiarise yourself with the manufacturing organisation's operations and challenges. Research their products, market position, and recent news. This will help you tailor your answers and show that you're genuinely interested in contributing to their success.
✨Prepare for Technical Questions
Expect questions about variance analysis, budgeting processes, and inventory management. Be ready to explain your approach to these areas and provide specific examples from your experience. Highlight your advanced Excel skills and any relevant accounting software you've used.
✨Showcase Your Communication Skills
You'll need to present financial insights to non-finance stakeholders, so practice explaining complex concepts in simple terms. Think of examples where you've successfully communicated financial information to cross-functional teams, as this will demonstrate your ability to collaborate effectively.
