Cost Accountant leading implementation of costing practices for material and labor standards at a UK manufacturing facility. Collaborating across teams to ensure accurate cost analysis and compliance with financial regulations.
Responsibilities
Lead the development and implementation of standard costs for materials, labor, and overhead across all manufacturing operations
Collaborate with operations, engineering, and procurement to analyze BOMs, routings, labor, and overhead drivers to establish accurate cost standards
Conduct time studies in collaboration with production and engineering teams to establish accurate labor standards and production rates
Establish standard costs using the gross margin method, especially for new or customized products, by working backward from target pricing and desired margin levels
Develop a process to monitor and report on cost variances (material, labor, and overhead), including root cause analysis and follow-up with relevant departments
Develop a process for the annual standard cost roll up, including updates for new products, process changes, and inflationary factors
Provide cost modeling and scenario analysis to support pricing, capital investments, and strategic planning
Ensure compliance with company policies, internal controls, and SOX requirements (if applicable).
Requirements
Bachelor's degree in Accounting, Finance, or related field
Minimum of 3–5 years of cost accounting experience in a manufacturing environment
Strong understanding of manufacturing processes, BOMs, routings, and cost allocation methodologies
Proficiency with ERP systems (e.g., Microsoft D365, SAP, Oracle) and advanced Excel skills
Excellent analytical, organizational, and communication skills
Ability to work cross-functionally and manage multiple priorities in a dynamic environment.
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