Factory Finance - Management Accountant
JOB TITLE :Management Accountant
REPORTS TO :Operational Finance Business Partner
Reporting to the Operational Finance Business Partner (OFBP). The Management Accountant (MA) will support the day to day reporting and ad-hoc decision support for the site.
Preparation of the monthly financial reporting which complies with general accounting standards and company policies & procedures will be a key part of the role. The MA will support the site budgeting and standard cost setting and review processes. This role provides a comprehensive reporting and decision support service to its key stakeholders – OFBP, Factory Management Team and HQ Finance.
KEY ACCOUNTABILITIES & RESPONSIBILITIES
Provide financial support to the Middleton Management team (MLT) by ensuring the timely delivery of accurate financial & KPI information
Assist the OFBP & Engineering personnel with financial evaluation for Capital expenditure projects &monitor capital expenditure against approved budgets
Work with NPD, Engineering, and FLMs to derive costings for all private brand tenders and communicate assumptions etc to HQ commercial finance
Assist budget holders and OFBP with preparation of forecasts and annual budgets
Participate as appropriate in Tier 3 meetings and provide financial data to support these meetings
Finance Management, Reporting & Control
Ensure month end processing is completed accurately within deadlines, ensuring all journals are posted into the general ledger.
Ensure all month end reconciliations are completed accurately, within deadlines & with appropriate back up
Reporting & challenging of overhead spend within site budgets.
To monitor Status stocks/RM/PM write off risks and help drive the reduction in status stock.
Reporting of all financial results & KPI’s to the site management team
Ensure financial controls are in place across the site and adhered to according to company policies. Develop and update those company policies in conjunction with the SFM.
Provide product costs for changes & new product development.
Co-ordinate and reconcile standard cost updates and changes
Work with SFM & ERP implementation team to ensure high quality management reporting capability is implemented
Ensure adequate commentary and supporting analysis to build and maintain understanding within the business supported by an insightful KPI’s pack.
Participate in regular financial performance reviews with site teams and provide input to weekly / monthly / quarterly management meetings based on reported results.
Report site month end results & KPI’s to head office
Completion of capital closure paperwork and post project reviews.
Support Capital Projects manager in controlling capital projects at Middleton Site and preparing forecasts of expected capital expenditure
Work as part of leadership/ cross functional team to deliver CI improvements via ITFs/ RAPID etc.
Support CI programme on site
Model benefits and report on savings of CI projects using company tracking tools
Continuously challenge and identify opportunities for process improvement within manufacturing finance processes and controls – working closely with colleagues in Bury and HQ finance teams
Holiday/absence cover for Bury Management Accountant.
Deliver briefs to the site updating them on financial performance and highlighting areas of improvement.
- Support SCBP in the communication of and education of colleagues in understanding of financial information
Health & Safety and Quality
- Maintain a safe place of work for themselves and others following company policies and procedure.
- To be aware of the health and safety requirements of the site and their role and to promote a culture of safe working practice.
- ·Actively support positive participation in TOPs Tours by being a Deputy Lead and ensure that all tours are carried out on time
- Pay Type Salary
- Job Start Date 19 July 2022
- Job End Date 31 August 2022
- Middleton, Manchester M24 2ED, UK