Financial Cost Analyst in Thame

We are seeking a detail oriented and analytical Financial Cost Analyst to join our clients’ finance team. The successful candidate will be responsible for maintaining the cost accounting system, monitoring variances through regular reporting and ensuring the business maintains robust costing records providing accurate margin information to inform pricing decisions and maximise profit opportunities. This role will be reporting directly to the Chief Financial Officer but maintaining close relationships with Sales, Production and Supply Chain functions at all clients’ sites (both in UK and overseas).

Responsibilities

• Establish and maintain the standard costs of products, including internally manufactured and externally purchased parts.
• Ensure the accuracy of all standard costs within the D365 ERP system and for stock valuations prepared in accordance with UK accounting requirements.
• Lead annual standard cost evaluation process, including calculations of direct labour rates and indirect overhead recovery rate in the ERP system.
• Ensure that Bills of Materials and labour routings are maintained accurately within D365, working with the production team to ensure accurate timings are in place for all activities.
• Prepare variance reporting (Purchase Price Variance, productions/industrial variances reporting etc) and provide suggestions to the wider business for cost savings opportunities and improvements identified from the reporting.
• Lead the monthly sales margin review process and liaise with sales and purchasing managers to help the company maximise profit and cashflow.
• Prepare other operational reports (weekly, monthly and annual).
• Assist the Chief Financial Officer with the analysis of margin performance against budget in the monthly accounts.
• Interrogate and analyze the ERP system to assist with any data requests from the business.
• Assist the Chief Financial Officer with any other ad hoc tasks as required.

Requirements

• Proven experience within a similar role, including the use of standard costs within a manufacturing environment.
• Prior experience of using Bills of Materials and labour routings within a multi-site organisation.
• Ideally someone who is part qualified in a professional accountancy qualification or who has demonstrated ability in previous roles and possesses the relevant experience.
• Highly organised with attention to detail and ability to work under pressure and to tight deadlines.
• Able and willing to interrogate ERP systems with a 'can do' attitude.
• Possess excellent analytical, numerical and Excel skills.
• Excellent communication skills and a proven track record of being an effective business partner across all departments.
• D365 experience preferred but not essential.

Benefits

• Holiday starting at 21 days rising to 26 days with every year of service.
• Company pension scheme.
• Employee Assistance Programme.
• Gym discount.
• Retail discounts.
• Cycle to work scheme.

As an equal opportunity's employer, 1to1 Group is committed to the equal treatment of all current and prospective employees and does not condone discrimination on the basis of age, disability, sex, sexual orientation, pregnancy and maternity, race or ethnicity, religion or belief or gender identity. We aspire to have a diverse and inclusive workplace and strongly encourage suitably qualified applicants from a wide range of backgrounds.