Factory Accountant-Government jobs in Ottery | Professional Recruitment Network jobs 2022

Our client is looking for an experienced Factory Accountant to join their growing team.

The focus for the position is the following:

• Reporting on sales, cost of sales and margins

• Reporting on factory costs, including despatch
• Providing financial awareness to production and despatch departments
• Maintaining a commercial awareness of factory and despatch cost drivers as part of the Costing process
• Stock management, including full responsibility for stock count & accuracy in the ERP System
• Participating in budget preparation
• Overseeing/reviewing weekly wages and supplying weekly wage report to departments

Reporting to the Financial Manager, responsibilities include:

Stock counts:

• Co-ordinating monthly stock count procedures
• Counting team training
• Compiling monthly stock count file
• Importing count numbers
• Posting stock cards
• Processing miscellaneous adjustments
• Processing, recording and reporting stock adjustments
• Overseeing Goods-in-transit account

Inventory Valuation / Costing:

• Processing monthly Inventory valuation
• Monthly standard cost update based on BOM’s
• Inventory reconciliation and variance analysis
• Monthly calculation and monitoring of factory overhead recoveries

Works Orders:

• Exporting and Importing Close Status
• Closing and Costing works orders
• Facilitating material changes on works orders

Monthly journals:

• Processing Sales journal to reallocate sales and cost of sales to manufacturing site
• Processing all intersite journals for cross charges
• Processing any related general journals

Wages:

• Overseeing/reviewing weekly wages
• Supplying weekly wage report to departments
• Understanding cost drivers and departmental classifications

Other Factory Costs:

• Understanding indirect Cost of Sales e.g. Print Consumables, Environmental Levies etc.
• Understanding the other indirect costs and their drivers (ie, W&E, maintenance, consumables)
• Understanding the fixed vs. variable contributors to factory costs

Transport (oversee Finance Administrator):

• Understanding the transport routes, available commercial vehicles and third party suppliers
• Understanding the packing/stacking methods for optimum utilisation
• Understanding the time schedules for efficient transport solution

Monthly reporting

• Margin reporting and analysis for stock and packaging
• Inventory and packaging adjustments by site
• Graphs and summaries for dashboard inclusion
• Departmental management information
• Dashboards e.g. Print Consumables
• ‘Tier 2’ general ledger reporting on particularly factory and warehouse costs
• Balance sheet reconciliations for stock & fixed assets
• Schedule and journal preparation for month end procedures

Costing

• Data collection
• Extracting / preparing costing data (financial and operational) from the ERP system (Sage X3) and Qlikview to be used for reporting purposes
• Assessing the need for and managing notional financial costs and / or operational hours for scenario planning purposes
• Creating / reviewing, recommending and implementing the internal controls needed for accurate costing data accumulation and reporting and conducting related internal audits if required
• Data Analysis
• Assess accuracy, integrity and reasonability of costing data, also in light of generally accepted accounting practices; and if necessary manage correction
• Considering and addressing concepts inherent to activity based costing such as machine capacities / constraints, productivity, time and motion studies, breakeven analysis, variance analysis, work and cost centers etc.
• Evaluating changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost and ultimately, selling price
• Maintaining the costing model that generates cost rates per driver e.g. machine rates, packaging, delivery etc. and the Polymer Costing model 
• Overseeing the standard costs and bills of material
• Reviewing for and recommending cost saving initiatives

Ad-hoc

• Participating in budget preparation
• X3 finance team lead, including system administrator, report writing and ad-hoc support
• Performing additional tasks as required from time to time