Management Accountant
Not Specified | Permanent, full-time| £50,000 - £55,000 per annum
Orka Financial is currently partnering with a global manufacturing business based in West Drayton that is looking to recruit a Management Accountant. This will be a great role for someone that really enjoys getting into the detail of what makes a business tick. You'll be working closely with operations analysing their processes and driving efficiency wherever possible. The business is going through a lot of positive change at the moment making it a really interesting time to join.
The Management Accountant is responsible for overseeing inventory and cost management processes within SAP, supporting EMEA sites, and collaborating with Plant Controlling and FP&A teams. This role ensures accurate reporting, analysis, and compliance with audit requirements, while driving improvements in operational efficiency and financial controls.
Responsibilities
• Prepare comprehensive stock reporting for all EMEA sites, ensuring accuracy and timeliness to support operational and financial decision-making.
• Monitor inventory valuation and stock adjustments, investigating cost discrepancies and ensuring corrective actions are implemented to maintain integrity of financial statements.
• Deliver detailed cycle count variance reporting (monthly by site and quarterly for group), including root cause analysis and recommendations to improve stock accuracy and reduce write-offs.
• Provide insightful analysis and commentary for Plant Controlling and FP&A, transforming raw data into actionable insights that influence budgeting, forecasting, and performance reviews.
• Post WIP, recovery, and variance entries; execute order settlement in SAP, ensuring all production costs are correctly allocated and reconciled.
• Perform balance sheet reconciliations for inventory accounts, investigating discrepancies and ensuring all adjustments are supported by documentation.
• Account for inbound and outbound freight costs across EMEA, validating accruals and ensuring accurate allocation to cost centres.
• Review non-standard COGS postings, investigate abnormal transactions, and ensure accruals for unrecognised spend are recorded to maintain P&L accuracy.
• Lead the annual standard cost update process in SAP, coordinating with site controllers to ensure accurate material costing and compliance with corporate guidelines.
• Execute ad-hoc costing updates and prepare monthly drafts, providing clear commentary and variance explanations for Plant Controlling and FP&A.
• Audit material master data fields relevant to costing, ensuring completeness and accuracy to prevent downstream errors in production and financial reporting.
• Prepare variance analysis and data validation reports for the annual standard cost update, highlighting key drivers and recommending corrective actions.
Candidate Profile;
• An analytical, skilled problem solver with the ability to take a problem and, using relevant financial and operational data, prepare relevant analyses to support decision making.
• Resilient, able to work to tight deadlines and manage multiple stakeholders
• A keen willingness to learn and develop new systems
• Strong proficiency in Microsoft Excel (advanced level) and financial modelling. Experience with ERP systems such as SAP is desirable.
• Previous experience in a manufacturing organization is desirable.
• Strong analytical skills with the ability to work with large data sets, identify trends, and present actionable insights.
• High level of accuracy and attention to detail in all financial reporting and analysis.
• Excellent communication skills, both written and verbal, with the ability to convey complex financial information to non-financial stakeholders.
• A qualified accountant (CIMA/ACCA/ACA) or finalist stage
Salary:
£50,000 - £55,000 + benefits
The role is based in West Drayton and operated hybrid working
The Management Accountant is responsible for overseeing inventory and cost management processes within SAP, supporting EMEA sites, and collaborating with Plant Controlling and FP&A teams. This role ensures accurate reporting, analysis, and compliance with audit requirements, while driving improvements in operational efficiency and financial controls.
Responsibilities
• Prepare comprehensive stock reporting for all EMEA sites, ensuring accuracy and timeliness to support operational and financial decision-making.
• Monitor inventory valuation and stock adjustments, investigating cost discrepancies and ensuring corrective actions are implemented to maintain integrity of financial statements.
• Deliver detailed cycle count variance reporting (monthly by site and quarterly for group), including root cause analysis and recommendations to improve stock accuracy and reduce write-offs.
• Provide insightful analysis and commentary for Plant Controlling and FP&A, transforming raw data into actionable insights that influence budgeting, forecasting, and performance reviews.
• Post WIP, recovery, and variance entries; execute order settlement in SAP, ensuring all production costs are correctly allocated and reconciled.
• Perform balance sheet reconciliations for inventory accounts, investigating discrepancies and ensuring all adjustments are supported by documentation.
• Account for inbound and outbound freight costs across EMEA, validating accruals and ensuring accurate allocation to cost centres.
• Review non-standard COGS postings, investigate abnormal transactions, and ensure accruals for unrecognised spend are recorded to maintain P&L accuracy.
• Lead the annual standard cost update process in SAP, coordinating with site controllers to ensure accurate material costing and compliance with corporate guidelines.
• Execute ad-hoc costing updates and prepare monthly drafts, providing clear commentary and variance explanations for Plant Controlling and FP&A.
• Audit material master data fields relevant to costing, ensuring completeness and accuracy to prevent downstream errors in production and financial reporting.
• Prepare variance analysis and data validation reports for the annual standard cost update, highlighting key drivers and recommending corrective actions.
Candidate Profile;
• An analytical, skilled problem solver with the ability to take a problem and, using relevant financial and operational data, prepare relevant analyses to support decision making.
• Resilient, able to work to tight deadlines and manage multiple stakeholders
• A keen willingness to learn and develop new systems
• Strong proficiency in Microsoft Excel (advanced level) and financial modelling. Experience with ERP systems such as SAP is desirable.
• Previous experience in a manufacturing organization is desirable.
• Strong analytical skills with the ability to work with large data sets, identify trends, and present actionable insights.
• High level of accuracy and attention to detail in all financial reporting and analysis.
• Excellent communication skills, both written and verbal, with the ability to convey complex financial information to non-financial stakeholders.
• A qualified accountant (CIMA/ACCA/ACA) or finalist stage
Salary:
£50,000 - £55,000 + benefits
The role is based in West Drayton and operated hybrid working