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For Companies At a Glance
- Tasks: Analyse costs and support strategic decisions in a dynamic finance role.
- Company: Join Quanex, a global leader in innovative manufacturing solutions.
- Benefits: Enjoy perks like pension matching, enhanced leave, and team-building days.
- Why this job: Make an impact with your analytical skills in a supportive, safety-focused environment.
- Qualifications: Strong accounting knowledge, analytical mindset, and excellent communication skills required.
- Other info: Opportunity to work collaboratively across various teams and improve financial performance.
The predicted salary is between 36000 - 60000 £ per year.
The Cost Accountant plays a crucial role in analysing and managing the financial aspects of the Access Solutions business. Working with key stakeholders, they are responsible for tracking, analysing and reporting on the costs associated with the operations. Through their detailed cost information, they play a key role in ensuring the leadership team make informed decisions around cost, efficiency and profitability.
Main Tasks & Responsibilities
- Provide product cost analysis supporting insights to support strategic decision-making, such as pricing decisions and profitability analysis.
- Analysis of fixed and variable costs including raw materials, labour and overheads to determine the total cost of manufacturing the products produced and the cost per unit of production driving the implementation of standard costing (introduction of BOM’s etc).
- Assist with the development of budgets and forecasts by providing key insights into the cost trends and variances.
- Work collaboratively within the Access Solutions and wider UK&I business including Finance, Procurement, Quality, Manufacturing and Supply Chain to gather data, share insights and where appropriate, implement cost-saving initiatives.
- Work with key stakeholders in monitoring inventory levels; conducting inventory reconciliation and analysis of inventory valuation.
- Analysing organisational data and assessing rates of labour, depreciation and overheads to recommend policy amendments that will improve financial performance of Access Solutions including changes to policies and procedures to improve the company’s cash flow.
- Prepare timely and accurate reports for senior management across the division and support the wider Finance function with input into the monthly and year-end reporting cycle.
- Ensure compliance with accounting standards and Quanex Delegation of Authority and other internal controls related to cost accounting.
Key Skills
- Excellent knowledge of accounting software and MS Office, particularly Excel and Power-point, experience in using NetSuite and OneStream would be an advantage.
- Excellent knowledge of cost and product cost accounting and reporting, budgeting and forecasting.
- A strong inclination for and interest in system and process improvement. Must be capable of using own initiative to propose improvements.
- Analytical mind and excellent communication and presentation skills.
- Strong at stakeholder management within cross‑functional teams.
- A problem solver with attention to detail.
- Excellent communication and stakeholder management working within cross‑functional teams.
- Pension match up to 7%
- 4 x Salary Life Assurance
- Enhanced Maternity, Paternity, Adoption and Shared Parental Leave
- Employee Assistance Programme
- Cycle to Work Scheme
- Free Eye Tests
- Subsidised Canteen
- Volunteering and Team Building Days
About Us
We are not just another manufacturing company; we are part of something bigger!
We are Quanex, a global, publicly traded manufacturing company serving OEMs in the fenestration, hardware, cabinetry, solar, refrigeration, security, and outdoor products markets.
This position is based at our ACCESS SOLUTIONS site.
Access Solutions provides a total manufacturing solution for roof, ceiling, wall and floor access products to the commercial construction industry.
Our mission is to positively impact our customers, employees and shareholders and put them at the centre of everything we do, through innovation technology and best‑in‑class customer service.
Health & Safety Responsibilities
At Quanex, the health and safety of our employees are our top priorities. We are committed to providing a safe and supportive working environment by adhering to the highest safety standards and regulations. Through comprehensive training, regular safety checks, and open communication, we ensure that every team member feels confident and protected while performing their duties. We continuously strive to minimise risks, promote well‑being, and encourage a culture of safety across all levels of our organisation.
Join us and be part of a team where your safety is as important as your success.
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Cost Accountant employer: Quanex
Contact Detail:
Quanex Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Accountant
✨Tip Number 1
Familiarise yourself with the specific accounting software mentioned in the job description, such as NetSuite and OneStream. Having hands-on experience or even completing online tutorials can give you a significant edge during the interview process.
✨Tip Number 2
Brush up on your Excel skills, particularly in areas like data analysis and financial modelling. Being able to demonstrate your proficiency in Excel during discussions can showcase your analytical capabilities and problem-solving skills.
✨Tip Number 3
Prepare to discuss your experience with cost analysis and budgeting in detail. Think of specific examples where your insights led to cost-saving initiatives or improved financial performance, as this will resonate well with the hiring team.
✨Tip Number 4
Network with professionals in the finance and manufacturing sectors, especially those who have experience in cost accounting. Engaging in conversations about industry trends and challenges can provide valuable insights and potentially lead to referrals.
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 in cost accounting, budgeting, and financial analysis. Use specific examples that demonstrate your analytical skills and stakeholder management abilities.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your skills align with the responsibilities outlined in the job description, particularly your experience with cost analysis and reporting.
Showcase Technical Skills: Emphasise your proficiency in accounting software and MS Office, especially Excel. If you have experience with NetSuite or OneStream, make sure to include that as well, as it could set you apart from other candidates.
Highlight Problem-Solving Abilities: Provide examples of how you've used your analytical mind to propose improvements in previous roles. This will demonstrate your capability to contribute to cost-saving initiatives and process enhancements.
How to prepare for a job interview at Quanex
✨Know Your Numbers
As a Cost Accountant, you'll be expected to have a strong grasp of financial metrics. Brush up on your knowledge of fixed and variable costs, as well as product costing methods. Be prepared to discuss how you would analyse these costs to support strategic decision-making.
✨Showcase Your Analytical Skills
Demonstrate your analytical mindset by discussing past experiences where you've successfully identified cost-saving opportunities or improved financial performance. Use specific examples to illustrate your problem-solving abilities and attention to detail.
✨Familiarise Yourself with Relevant Software
Make sure you're comfortable with accounting software and tools mentioned in the job description, such as Excel, NetSuite, and OneStream. If you have experience with these, be ready to share how you've used them to enhance reporting and budgeting processes.
✨Prepare for Stakeholder Management Questions
Since this role involves working collaboratively across various teams, think about how you've effectively managed stakeholder relationships in the past. Prepare to discuss your communication strategies and how you ensure alignment with cross-functional teams.
