Cost Accountant (12 Month FTC)

The cost accountant will provide leadership in cost management; labour and absorption management.

Your new company
A manufacturing company based in West London

Your new role
The cost accountant will provide leadership in cost management; labour and absorption management. To support the FC in calculating annual overhead and labour rates with incremental updates. Produce timely and insightful information and managing the month end and year end close process.

Scope
Ensure efficient, effective and complaint delivery of monthly labour and overhead forecast and weekly absorption flash.

Responsible for / Key responsibilities
Support team in maintaining financial records and systems in accordance with Generally Accepted Accounting Principles and are compliant with local and governmental reporting requirements and that provisioning is appropriate for the level of risk.
Lead the calculation of annual labour and overhead rates and annual rates 'true up' based on actuals
Lead in delivering MoD Rates Audit in line with open book accounting requirements
Ensure the financial processes, systems and controls are operating effectively are appropriately robust and in line with the Group Operating Manual; delegated authorities are adhered to. Ensure audit issues are resolved in a timely manner.
Own creation of monthly Balance Sheet Reconciliations in line with internal policy and best practice
Support preparation of overhead cost reviews, focusing on opportunities to identify cost reductions;
Ensuring cooperation and alignment with department heads to manage and forecast overhead spend, headcount and absorption.
Reporting and analysis variance to forecast and budget expectations.
Supporting the Finance Department in continuously improving the Company's financial controls and reporting systems including standardisation and best practice.
Liaising with internal and external customers including and internal and external auditors, where appropriate
Managing the preparation of the Year End packs
Documenting and maintaining Finance Department procedures
Additional duties as necessary.

What you'll need to succeed
Role requirements
Able to obtain security clearances as required by the business.
Able to work flexibly to meet the requirements of the role.

Qualifications / skills required
Recognised professional accounting qualification.
Educated to degree standard.
Technically competent with impact awareness of specialist areas including foreign exchange management, controls and governance, audit, ethics and risk management. Full understanding of IAS.
Experienced in the defence contracting industry and government contracting regulations.
Ability to meet deadlines and manage varying workload.
Ability to problem solve independently and as part of a team.
Manage and motivate direct reports.
Experience in forecasting, budgeting and variance analysis.
IT literate - Microsoft, finance and management accounting systems, ERP systems.

What you'll get in return
Flexible working options available.
Salary £60,000

What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you but you are looking for a new position, please contact us for a confidential discussion on your career.

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