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For Companies At a Glance
- Tasks: Dive into cost analysis, budgeting, and cross-department collaboration to drive profitability.
- Company: Join a progressive company in South Norfolk focused on financial insight and operational excellence.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and visibility at the board level.
- Why this job: Be part of a journey towards profitability while making impactful decisions alongside the CEO and CFO.
- Qualifications: Professional accounting qualification or QBE with experience in manufacturing or R&D environments required.
- Other info: Collaborate with diverse teams and enhance your skills in a supportive, innovative atmosphere.
The predicted salary is between 36000 - 60000 £ per year.
A progressive and rewarding role has arisen in South Norfolk for a Cost Accountant. This role will involve significant engagement outside the finance function with close interaction with sales, engineering and operations. Furthermore, this will gain visibility at a board level and regular interaction with the CEO and founder as well as the CFO.
The business is on a journey to profitability and following significant investment needs a highly detailed insight into margins and costs. The goal is a single source of financial and operational information which is consistent and provides useful information to all users to support decision making.
Key Responsibilities:
- Cost Analysis and Reporting: Analyse and report on project and production costs, material costs, labour costs, and overhead expenses. Prepare detailed cost reports and variance analyses. Revenue recognition and project profitability analysis. Support the business to ensure project and products are accounted for in accordance with standards of recognition and the requirements of the funders.
- Budgeting and Forecasting: Assist in the preparation of budgets and financial forecasts. Monitor budget performance and provide insights on cost-saving opportunities.
- Inventory Management: Oversee inventory control and provide insight to the business. Conduct regular inventory audits and work with relevant teams to reconcile discrepancies.
- Product Costing: Develop and maintain accurate product costing models for new and existing products. Collaborate with engineering and production teams to ensure accurate cost allocation.
- Margin analysis: Work with the wider business to understand and report accurate margin and provide detailed analysis to management to support commercial decision making.
- Research and development: Collate financial information for research and development activities, including grant claims, tax credit and other related items such as intangible assets.
- Process Improvement: Identify and implement process improvements to enhance cost efficiency and accuracy. Support the implementation of cost control measures.
- Cross-Functional Collaboration: Work closely with other departments, including engineering, production, and procurement, to gather and analyse cost-related data.
Qualifications and Experience:
- Professional accounting qualification or QBE
- Proven experience as a Cost Accountant in a manufacturing, project or R&D environment
- Excellent communication and interpersonal skills
- Strong analytical and problem-solving skills
- Experience of ERP systems
- Attention to detail and a high level of accuracy
- Ability to work independently and as part of a team
To apply, please submit your CV or contact Kate Edwards at Pure.
Cost Accountant employer: Pure Resourcing Solutions
Contact Detail:
Pure Resourcing Solutions Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Accountant
✨Tip Number 1
Network with professionals in the manufacturing and R&D sectors. Attend industry events or join relevant online forums to connect with individuals who can provide insights into the role and potentially refer you to opportunities.
✨Tip Number 2
Familiarise yourself with the latest trends in cost accounting, especially in relation to project profitability and inventory management. This knowledge will help you engage in meaningful conversations during interviews and demonstrate your expertise.
✨Tip Number 3
Prepare to discuss specific examples of how you've improved cost efficiency in previous roles. Highlight any process improvements you've implemented and the impact they had on the business, as this will resonate well with potential employers.
✨Tip Number 4
Research the company’s recent projects and financial performance. Understanding their current challenges and goals will allow you to tailor your discussions and show how your skills can directly contribute to their journey towards profitability.
We think you need these skills to ace Cost Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience as a Cost Accountant, especially in manufacturing or project environments. Emphasise your skills in cost analysis, budgeting, and cross-functional collaboration.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company's goals. Mention your experience with cost reporting and process improvement, and how you can contribute to their journey towards profitability.
Highlight Relevant Qualifications: Clearly state your professional accounting qualifications or QBE status. Include any specific training or certifications related to cost accounting or financial analysis that would make you stand out.
Showcase Soft Skills: In your application, emphasise your communication and interpersonal skills. Given the role's requirement for cross-departmental collaboration, demonstrate your ability to work effectively with teams outside of finance.
How to prepare for a job interview at Pure Resourcing Solutions
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of what a Cost Accountant does, especially in a manufacturing or R&D environment. Familiarise yourself with key responsibilities like cost analysis, budgeting, and cross-functional collaboration, as these will likely come up during your discussion.
✨Prepare for Technical Questions
Expect to be asked about your experience with cost analysis, inventory management, and financial reporting. Brush up on relevant accounting principles and be ready to discuss specific examples from your past work that demonstrate your expertise in these areas.
✨Showcase Your Analytical Skills
Since the role requires strong analytical abilities, prepare to discuss how you've used data to drive decision-making in previous positions. Be ready to explain your approach to margin analysis and how you've identified cost-saving opportunities in the past.
✨Emphasise Cross-Functional Collaboration
Given the importance of working with other departments, be prepared to share examples of how you've successfully collaborated with teams outside of finance. Highlight any experiences where your insights directly contributed to project success or improved operational efficiency.
