Cost & Inventory Accountant

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Excelitas is a global technology leader with more than 7,500 employees, focused on delivering market-driven solutions to fulfill the illumination, optical, detection and imaging needs of OEMs and end-users across the biomedical, semiconductor, industrial, consumer products, scientific, security, defense and aerospace sectors.

ENGAGE with us today and make your contribution to the future! Join the team that leading technology companies turn to for cutting-edge photonic innovation. At Excelitas Technologies you are how we EXCEL.

Qioptiq designs and manufactures market leading Optronic solutions for Defense & Aerospace applications. Key markets include head up displays for commercial airliners, helmet mounted displays for 4th & 5th generation fast jet platforms, night vision for the dismounted soldier, and advanced electro-optics for airborne, maritime and vehicle platforms. Our diverse product range are enabled by the development and application of innovative technologies and engineering solutions. To further expand our portfolio Qioptiq is seeking an exceptional individual to support the development and delivery of our expanding range of next-generation products and technologies.

Job Outline – 

The Cost and Inventory Management Accountant is a primary process owner for: 

Cost of sales, Inventory, Manufacturing Costs, Fixed Assets and Funded Engineering Project accounting. 

The ideal candidate for the Management Accountant role will be a highly skilled and qualified professional possessing a background in cost and inventory management within a manufacturing setting.  

They will possess excellent analytical and technical skills, with the ability to communicate financial insights effectively to support operational decision-making. This role requires a proactive individual with a strong business acumen, capable of driving improvements in financial processes and systems while maintaining the highest standards of accuracy and integrity in financial reporting. 

Main Duties: 

• Manage day-to-day accounting and tasks related to the efficient maintenance and processing of accounting transactions relevant to all cost of sales and inventory accounts  
  • Prepare standard and non-routine journal entries
  • Complete monthly close procedures including preparation and analysis of monthly account reconciliations 
  • Preparation, review and analysis of monthly manufacturing cost and variances including purchase price variances, scrap variances, and cost revaluations
  • Calculation and monitoring of standard cost rates and overheads to support effective absorption of manufacturing costs
  • Analysis and reporting of gross margin by product
  • Identification and evaluation of excess and obsolete inventory
  • Preparation of additional reporting as required for management, audit and GAAP reporting including 606 revenue recognition validation

• Develop cross-functional relationships and provide business support to key operational functions via reporting, planning and analysis
• Overall Fixed Asset Management – Capitalisation, Work in Progress, Depreciation
• Forecast, ROI and payback calculations of Capital Investments
• Produce the manufacturing cost and other Cost of Goods forecasts
• Prepare requested schedules in support of internal and external audit process and requirements
• Provide financial support for annual stock take process
• Improve accounting and operational processes, systems & efficiency by working cross-functionally.
• Perform projects or ad hoc analysis to support key business partners.

Experience: 

• Preparing and analysing monthly financial statements, including reconciliation of accounts.
• Calculation and monitoring of standard cost rates and overhead absorption.
• Prior involvement in producing financial forecasts, ROI/payback calculations, and supporting audits.
• Examples of improving accounting and operational processes. 
• Experience in cost and inventory management accounting within a manufacturing business preferable
• Experience with ERP systems relevant to manufacturing, such as SAP or Microsoft Dynamics AX.

Skills and Competencies: 

• Advanced proficiency in financial software and Microsoft Excel for data analysis, reporting, and modelling.
• Strong understanding of manufacturing cost structures, including variances, cost revaluation, and inventory valuation.
• Knowledge of GAAP and other relevant accounting standards.

Analytical Skills: 

• Strong analytical abilities to evaluate manufacturing costs, variances, and financial performance.
• Ability to conduct detailed financial analysis, including ROI and payback calculations for capital investments.

Communication Skills: 

• Excellent verbal and written communication skills, with the ability to simplify and present complex financial information to non-financial stakeholders.
• Proven ability to develop cross-functional relationships and act as a business partner to operational teams.

Organizational Skills: 

• Excellent organizational skills with the ability to manage multiple priorities and meet tight deadlines.

Strong attention to detail and a commitment to accuracy in financial reporting. 

Personal Attributes: 

• Proactive and results-oriented, with a focus on continuous improvement.
• High level of integrity and ethical standards.
• Strong business acumen and a strategic mindset.
• Flexibility to adapt to changing business needs and tasks.
• Willingness to engage in further training and development as needed.
• Experience in project management and leading initiatives to improve financial processes.

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Excelitas is seeking leaders and innovators to join our global team! Visit: www.jobs.excelitas.com