Management Accountant

Our client's innovations power technology products are transforming healthcare and advanced manufacturing globally. Due to expansion they're seeking to hire a Management Accountant to be based from their office in Taunton, where there is a hybrid working in place.

As the Management Accountant, you will play a critical role in providing financial support to the organisation. Your primary responsibility will be to assist with budgeting, financial forecasting, and performance analysis. Additionally, you'll specifically support factory operations by evaluating financial data related to production, costs, and efficiency, in a process manufacturing environment.

What is expected of the Management Accountant?

• Collaborates with Operations Leader and other senior site managers to explain results, make improvements, manage projects, identify inefficiencies, understand operations and participate in strategic business discussions and decisions.
• Complete analyses and provide recommendations and initiatives for improving financial performance and decision making.
• Daily Management routines, etc.) to support overall improvement to factory operations.
• Drive automation, simplification, and process efficiency throughout the cost accounting & finance processes, including enhancing standard reporting to functional teams.
• Research solutions to improve inventory accounting & management processes; conduct analysis of all types of inventory variances (raw materials, finished goods, purchase price variance, overhead absorption, and labor rate variance)

Manufacturing Data Management

• Maintain accurate costing methodology in the ERP system.
• Establish, implement and maintain governance relating to the quality of master data, adapting as needed to changing business trends and requirements.
• Maintain standard cost system to ensure accuracy of inventory valuation and lead annual plant manufacturing cost standard roll.

Financial Reporting, Planning & Analysis

• Prepare standard financial and operational reports, explain operational activities/related variances, and report monthly plant performance.
• Lead and support preparation of budgets and forecasts for the site, partnering with FP&A and other business teams as needed.
• Perform work order review/analysis weekly, assessing accuracy and completeness.
• Prepare financial analysis to monitor spend in key areas (scrap, warranty, rework, PPV, etc )
• Monitor accuracy of standard costs Monitor intercompany transaction & accounting, and drive process improvement in this area.

Compliance & Controls

• Work with business teams to ensure accuracy of the existence of inventory through cycle counts and physical inventories and report results in compliance with internal controls.

What we look for in a Management Accountant?

• CIMA or ACCA/ACA qualification required.
• 5+ years' experience or understanding of process manufacturing (eg, familiarity with production workflows, cost allocation in manufacturing, inventory management in a factory setting).
• Ability and willingness to spend time on production floor; learn and understand manufacturing processes and products, fundamental understanding on plant and product costs
• Ability to operate comfortably at a detailed as well as a strategic level.
• Expert experience with Microsoft Excel
• Experience with Javelin/Exchequer a plus.
• Strong presentation and written communication skills.

What the Management Accountant will receive?

• Competitive salary
• Hybrid working
• Leading global brand to add to your portfolio.

InterQuest Group is acting as an employment agency for this vacancy. InterQuest Group is an equal opportunities employer and we welcome applications from all suitably qualified persons regardless of age, disability, gender, religion/belief, race, marriage, civil partnership, pregnancy, maternity, sex or sexual orientation. Please make us aware if you require any reasonable adjustments throughout the recruitment process.