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For Companies At a Glance
- Tasks: Analyse manufacturing activities and prepare monthly reports to support business decisions.
- Company: Join a large international manufacturing organisation based in Telford, known for its innovation.
- Benefits: Enjoy flexible working hours with a competitive hourly rate and opportunities for growth.
- Why this job: Be part of a dynamic team that values accuracy and collaboration in a thriving environment.
- Qualifications: Experience in manufacturing or engineering, strong analytical skills, and proficiency in MS Excel required.
- Other info: We promote an inclusive recruitment process and welcome applicants from diverse backgrounds.
We are recruiting for a large international manufacturing organisation based in Telford. They are looking for a Costing Analyst on a permanent basis. This role is vital to ensuring a robust, accurate & timely reporting process to support key business decisions.
As Costing Analyst, duties will include:
- Detailed analysis of all manufacturing activities including variable labour, machine efficiency and material usage (actual versus standard).
- Prepare and process monthly management account journals for all manufacturing activities.
- Reconciliation of associated balance sheet accounts.
- Produce monthly report for Operational Managers for all manufacturing variances.
- Produce monthly report for Supply Chain Managers for purchase price variance analysis and associated costs including taxes and landed costs.
- Review and monitor stock valuation and provisions including - Stock adjustments, obsolescence, negative stocks, sample stocks, quarantine stocks, external stock warehouses.
- Produce a monthly report explaining stock valuation.
- Yearend standard costing process for budgeting.
- Costing analysis for new products and amendments to existing products.
- BOM & Routing accuracy.
- Yearend accounting and compliance audit work.
- Build strong relationships across the business to gather the necessary data for accurate cost forecasting.
- Work with manufacturing teams to provide accurate and forecasted production costs.
- Associated ad hoc tasks as required.
Skills and Experience
The successful candidate will ideally have experience of working in a manufacturing/engineering environment and an understanding/knowledge of estimating or costing techniques and variance analysis. You will be a confident communicator who is confident speaking to people at all levels within the business. You will have good analytical and data validation skills and be comfortable working with large volumes of data. You will need to have strong MS Excel skills.
The application process: Our mission is to support our clients in their creation of an equal, diverse and inclusive workforce. We are committed to providing a barrier-free recruitment process, so if you require any reasonable accessibility adjustments within the application process, then please make it known at the earliest opportunity.
We will carefully consider your details and advise you if we’re able to progress with your application within 72 working hours. If you do not hear from us within this time your details won’t be retained. So, if you’re not successful on this occasion, do continue to respond to future roles we advertise. In the meantime, all good wishes and continued success with your search for employment.
About Us: Prince Personnel are an employment agency working on behalf of our client. Whether you’re seeking a new permanent position, temporary assignment or contract you’ll find us easy to deal with. Located in thriving Telford, we focus on jobs in Shropshire, Staffordshire and North Wales. Prince Personnel specialise in commercial, accounts and finance and technical recruitment. With the best jobs around we are an independent agency working hard for you.
Reference: BLB26557
Costing Analyst in Telford employer: Prince Personnel Limited
Contact Detail:
Prince Personnel Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Costing Analyst in Telford
✨Tip Number 1
Familiarise yourself with costing techniques and variance analysis specific to manufacturing. Understanding these concepts will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Brush up on your MS Excel skills, especially functions related to data analysis and reporting. Being proficient in Excel is crucial for a Costing Analyst, and showcasing this skill can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the manufacturing sector, particularly those who work in costing or finance roles. Building connections can provide insights into the company culture and may even lead to referrals.
✨Tip Number 4
Prepare to discuss your experience with large volumes of data and how you've used analytical skills in past roles. Be ready to provide examples that highlight your ability to produce accurate reports and forecasts.
We think you need these skills to ace Costing Analyst in Telford
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in manufacturing and costing analysis. Emphasise your analytical skills, proficiency in MS Excel, and any previous roles that involved variance analysis or cost forecasting.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses the responsibilities of the Costing Analyst role. Mention your understanding of manufacturing activities and how your skills can contribute to accurate reporting and cost management.
Showcase Relevant Skills: In your application, clearly outline your experience with data validation and working with large datasets. Highlight your communication skills and ability to build relationships across different teams, as this is crucial for the role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A well-presented application reflects your attention to detail, which is essential for a Costing Analyst.
How to prepare for a job interview at Prince Personnel Limited
✨Know Your Numbers
As a Costing Analyst, you'll be dealing with a lot of data. Brush up on your understanding of manufacturing costs, variances, and how to analyse them. Be prepared to discuss specific examples from your past experience where you successfully managed cost analysis.
✨Excel Skills are Key
Since strong MS Excel skills are essential for this role, make sure you can demonstrate your proficiency. Be ready to talk about the functions and tools you use regularly, and if possible, bring examples of reports or analyses you've created in Excel.
✨Build Relationships
The job requires building strong relationships across the business. Think of examples where you've successfully collaborated with different teams. Highlight your communication skills and how you approach working with others to gather necessary data.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities. Prepare for questions like how you would handle discrepancies in stock valuation or how you would approach a new product costing analysis. Use the STAR method (Situation, Task, Action, Result) to structure your answers.
