Management Accountant

Job Title: Management Accountant

Main Purpose of the Role:The Management Accountant will directly report to the Finance Manager and play a crucial role in partnering with the business to drive value creation. This includes supporting the preparation of monthly management information and analyses, providing commentary on business performance related to projects and work in progress (WIP), and analysing data to promote best practices and continuous improvement.

Location:Based in Hull, UK.(HU9)

Key Accountabilities:

Management Information and Business Partnering

• Oversee the financial planning, forecasting, and analysis of cost activities to ensure accurate reporting that aids management in decision-making.
• Ensure timely and precise reporting of costs and revenues for both individual and consolidated financial results.
• Maintain ownership of financial processes related to project systems, including WIP and stock, contributing to policy development and customization of procedures.
• Manage personnel cost and headcount financial processes.
• Assist the Finance Manager in coordinating month-end close, forecasts, budgets, and latest estimates, including variance interpretation and management advice.
• Oversee the financial investment process for capital expenditures, including the capital expenditure approval system.
• Identify opportunities for process optimization and continuous improvement initiatives.
• Participate in and lead ad-hoc business development projects.
• Develop a detailed understanding of manufacturing business processes and information flows, conducting analyses and offering recommendations for operational improvements.
• Support the Finance Manager with various ad-hoc assignments as needed.

Financial Accounting

• Assist in maintaining and enhancing robust financial controls.
• Reconcile stock for month-end reporting.
• Reconcile and ensure accuracy of work in progress for month-end reporting.
• Assist in the preparation and consolidation of budgets.
• Contribute to the production and consolidation of monthly management accounts according to the month-end timetable.
• Conduct variance analysis and prepare accompanying commentary for monthly management accounts.
• Support the year-end audit process to ensure a smooth operation.
• Stay informed about UK GAAP issues and ensure compliance.
• Provide coverage for other finance team roles as necessary.

The responsibilities outlined above are not exhaustive and serve as a guideline. Additional ad-hoc tasks may be assigned as required.

Person Specification:

• Part-qualified accountant or qualified by experience, with a background in Management Accounting or Business Partnering.
• Demonstrated expertise in management accounting, financial performance reporting, and financial control within a corporate environment.
• High level of commercial acumen, preferably acquired in project or manufacturing settings.
• Strong interpersonal skills to foster relationships with key internal and external stakeholders.
• Ability to present financial information to all organizational levels.
• Excellent communication skills, capable of building relationships across various business functions.
• Strong analytical and critical thinking skills with problem-solving capabilities.
• Proficient in Excel, including advanced skills with pivot tables and complex formulas.
• Exceptional attention to detail, confidence, sound judgment, logical decision-making skills, and a hands-on approach in a dynamic environment.
• Proactive, highly organized, and skilled in prioritizing and adapting to changing business needs