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- Tasks: Analyse financial data and support supply chain reporting for a leading aerospace company.
- Company: Join Spirit AeroSystems, a global leader in aerostructures for commercial and defence aircraft.
- Benefits: Enjoy flexible working hours, generous holidays, and a range of corporate perks including a virtual GP service.
- Why this job: Be part of a dynamic team driving innovation in aerospace while developing your financial skills.
- Qualifications: Degree qualified with relevant experience; accounting qualification or studying towards one is preferred.
- Other info: Opportunity for professional growth and a supportive work environment.
The predicted salary is between 36000 - 60000 £ per year.
Spirit AeroSystems designs and builds aerostructures for both commercial and defence customers. With headquarters in Wichita, Kansas, Spirit operates sites in the U.S., U.K., France and Malaysia. The company's core products include fuselages, pylons, nacelles and wing components for the world's premier aircraft. Spirit AeroSystems focuses on affordable, innovative composite and aluminium manufacturing solutions to support customers around the globe.
Role Purpose: To apply a broad range of accounting skills and experience to support both local and US reporting requirements for working capital, supply chain costs and forecasts. To provide professional financial forecasting, analysis and commentary and be the point of contact for all supply chain related queries.
This opportunity, based at our Prestwick site offers:
- 37 hour working week (half day Friday)
- Shift premiums up to 33%, where applicable
- Overtime at time and a half, where applicable
- 33 days holiday per year, rising with service
- Annual Bonus related to company performance
- Defined contribution pension scheme (default contributions; 4% employee and 8% employer)
- Virtual GP Service 365 days per year
- Employee Assistance Program
- A wide range of flexible benefits
- Death in service payment (default 4 times basic salary)
- Professional development and growth
- Free car parking
- And more!!
Responsibilities:
- Coordinate and review working capital reporting packs required for onward internal and group reporting purposes.
- Support and maintain the financial modelling framework to support the quarterly business forecasting process.
- Assist in challenging and analysing inputs from the functions based on quarterly inputs for supply chain, material and aircraft general supplies.
- Hold monthly reviews with the relevant supply chain management personnel to assess performance against annual operating plan and forecasts.
- Hold people accountable for actions.
- Check and review all cost variations reports coming through to ensure these are incorporated to bills of material.
- Review and address Purchase Price Variances with the SCM team on a monthly basis.
- Perform regular review and reconciliation of SAP Bill of Material to Blue Book.
- Be the finance focal for Supplier Claims, liaising with SCM team on status and progress of claims on suppliers.
- Prepare complex and detailed financial performance reports for both Spirit Europe and US Corporate audiences.
- Handle large volumes of data and consolidate and report this data effectively through the utilisation of strong IT skills.
- Liaise with all external parties (Auditors, Customers, Suppliers) as required by the role.
- Ensure the overall integrity of financial reporting information for business performance: Annual budget and quarterly forecasting review and analysis.
- Supply chain performance to budget/forecast.
- Analyse and provide commentary in a timely and accurate manner for the incurred cost team in the US and local SLC.
- Support the Estimate at Complete (EAC) process through analysis of quarter to quarter variances.
- Drive continuous improvement in data and system integrity and process adherence.
- Develop strong and productive working relationships with the wider organisation to ensure information incorporated into EAC’s is correct, current and has full buy-in from the organisation.
Qualifications:
- Degree qualified with relevant experience
- Accounting qualification (ACA/ACCA/CIMA) or studying towards
- Good communication skills
- Excellent IT Skills – particularly Excel & TM1
- Using knowledge and experience to promote process improvement
- Effective relationship management skills
Decision Making Authority: Would be expected to make regular decisions that ensure the role functions efficiently – e.g. day to day work planning, prioritisation. Also would expect some degree of autonomous decision making on appropriate accounting skills/practices to adopt in certain circumstances.
Closing Date: Tuesday, 22nd April 2025 at 4pm
External applicants should be aware that as part of our pre-employment checks, preferred candidates must complete:
- Right to Work in the UK check
- Employment Reference check
- Disclosure Scotland check
Spirit will facilitate these checks via our chosen service provider.
Spirit AeroSystems is an equal opportunity employer and considers qualified applicants for employment without regard to race, colour, creed, religion, national origin, sex, sexual orientation, gender identity and expression, marital or civil partnership status, pregnancy, age, disability, veteran status or any other protected factor under federal, state or local law.
Working Capital and Materials Analyst employer: Spirit AeroSystems
Contact Detail:
Spirit AeroSystems Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Working Capital and Materials Analyst
✨Tip Number 1
Familiarise yourself with the specific financial reporting requirements for both local and US standards. Understanding these nuances will help you demonstrate your knowledge during interviews and show that you're ready to hit the ground running.
✨Tip Number 2
Brush up on your Excel and TM1 skills, as these are crucial for handling large volumes of data. Consider taking an online course or using tutorials to enhance your proficiency, which can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the aerospace industry, especially those who work in finance roles. Engaging with them can provide insights into the company culture at Spirit AeroSystems and may even lead to referrals.
✨Tip Number 4
Prepare to discuss your experience with financial forecasting and analysis in detail. Be ready to share specific examples of how you've contributed to process improvements in previous roles, as this aligns well with the responsibilities of the position.
We think you need these skills to ace Working Capital and Materials Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the responsibilities of the Working Capital and Materials Analyst role. Emphasise your accounting qualifications, IT skills, and any experience in financial forecasting or supply chain management.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses how your background and skills make you a great fit for Spirit AeroSystems. Mention your understanding of their products and how you can contribute to their financial reporting and analysis needs.
Highlight Relevant Qualifications: Clearly state your degree and any accounting qualifications (ACA/ACCA/CIMA) or progress towards them. This is crucial as the role requires specific educational credentials.
Showcase Communication Skills: Since the role involves liaising with various stakeholders, provide examples in your application that demonstrate your effective communication and relationship management skills. This could be through previous roles or projects where you successfully collaborated with teams.
How to prepare for a job interview at Spirit AeroSystems
✨Showcase Your Financial Acumen
As a Working Capital and Materials Analyst, it's crucial to demonstrate your understanding of financial forecasting and analysis. Be prepared to discuss your previous experiences with financial modelling and how you've contributed to reporting processes in past roles.
✨Highlight Your IT Skills
Strong IT skills, especially in Excel and TM1, are essential for this role. Bring examples of how you've used these tools to handle large volumes of data or improve reporting efficiency. Consider preparing a brief demonstration if possible.
✨Prepare for Scenario-Based Questions
Expect questions that assess your decision-making abilities and how you handle challenges in financial reporting. Think of specific scenarios where you had to analyse cost variations or manage supplier claims, and be ready to explain your thought process.
✨Emphasise Relationship Management
This role requires effective communication and relationship management skills. Be ready to discuss how you've built productive relationships with stakeholders in previous positions, particularly in finance or supply chain contexts.
