Cost Accountant - Morgan McKinley

About the job

The Cost Accountant will play a vital role in managing and analysing costs across our manufacturing processes. The successful candidate will ensure accurate stock reconciliation, link the balance sheet to aging reports, and optimise cost structures using ERP systems and Bill of Materials (BOM) analysis. This role is crucial in driving financial efficiency and providing key insights into business performance.

Key Responsibilities

1. Cost Control & Analysis
   Maintain and analyse cost accounting records, identifying cost-saving opportunities.
   Ensure accurate cost allocation across production activities.
   Conduct variance analysis and report discrepancies to senior management.
2. Stock & Inventory Reconciliation
   Perform stock reconciliations, ensuring alignment between physical and system-based records.
   Investigate stock discrepancies and recommend corrective actions.
3. ERP System Management
   Utilise ERP software to track and manage cost data.
   Ensure ERP financial data integrity and system accuracy.
4. Financial Reporting & Balance Sheet Management
   Ensure balance sheet ties back to the aging report, verifying accuracy and completeness.
   Assist in month-end and year-end closing processes.
   Support external and internal audits with relevant financial documentation.
5. Bill of Materials (BOM) Analysis
   Validate BOM accuracy and assess financial impact on product costing.
   Collaborate with Engineering and Production teams to optimize material costs.

Key Skills

Essential:

• Proven experience as a Cost Accountant in a manufacturing environment.
• Strong knowledge of ERP systems (e.g., EPICOR, SAP, Oracle, or similar).
• Experience with stock reconciliation and inventory control.
• Understanding of balance sheet and aging report alignment.
• Familiarity with Bill of Materials (BOM) management.
• Advanced Excel skills and financial analysis expertise.
• Strong attention to detail and problem-solving abilities.

Desirable:
Experience in the aviation or aerospace sector.
CIMA/ACCA/ACA qualification (or working towards).
Experience with cost reduction strategies and process improvements.