Operational Accountant

Chelsea Technologies is a market leading environmental sensor company working in a variety of industry sectors, including green shipping, marine science, water quality, defence and agritech. We have a vacancy for a talented and highly motivated Operational Accountant. You will be responsible for the on-site operational accounting within the Company, by managing key internal financial processes and control points to ensure the integrity of the balance sheet and the financial statements. Extensive experience of Management accounting in an Engineering or Manufacturing environment is essential.

Principal Responsibilities

  1. To take responsibility for General Ledger accounting down to Gross Margin level (Sales, Cost of Sales, Production costs and Variances) including ensuring correct revenue recognition and correct allocation of cost of sales.
  2. To prepare monthly reconciliations of all stock and work in progress accounts, and provision accounts – stock, warranty, sales, etc.
  3. To investigate and analyse all production variance accounts ensuring accuracy and validity, identifying the causes of erroneous variances and advising on corrective actions.
  4. To manage key internal financial processes within inventory and Work In Progress (WIP), including the standard costing system. This will involve updating the standard costs of purchased parts, made in parts and sub-contract operations and the updating of work centre labour rates.
  5. To lead and manage the Company’s annual stocktake and cycle counting process. This will require ownership of the process, from planning and organisation, through to deployment and analysis of the results.
  6. To produce monthly management accounts for the Company, liaising with the UK Finance Shared Service Centre (SSC) as required.
  7. To produce the Group Finance template report by the fifth working day of the month, liaising with the SSC as required.
  8. To provide in-depth analysis and reports on the Company’s sales and margin by a variety of different analysis fields including market, product group, geographic area and customer.
  9. To compile the Company’s annual budget and periodic forecasts in collaboration with the Company’s executive management team including liaison with the SSC as required.
  10. To ensure the integrity and validity of the financial data from the Engineering Project System to encompass reviewing all new projects and tasks to ensure they are authorised and created within Company guidelines, liaising with engineers to ensure all project time bookings are correct and completed in a timely manner and the ongoing review and updating of the project costing rates, as well as checking the project material costs for correct allocation to either Profit and Loss or Capital.
  11. To be involved in new system developments and to drive forward process improvements in order to improve efficiency.
  12. To be the Company’s primary point of contact with the UK Finance Shared Service Centre dealing directly with the majority of requests and queries (both from and to the SSC) and liaising with appropriate colleagues within the Company to progress other matters.

Dimensions & Scope of the Role

  • Team: No direct team members. Close liaison with the UK SSC.
  • Office Base: Based at the Company’s offices
  • Travel:  No travel is expected

Competencies

Qualifications

  • Degree qualified in a business related discipline (desirable)
  • CIMA/ACCA with several years PQE

Knowledge

  • Understanding of Business Processes within an Engineering or Manufacturing environment e.g. Finance’s interaction with manufacturing processes, tracking and analysis of material/project costs etc. – essential
  • Understanding of costing techniques (eg standard costing, average costing, etc) – essential
  • Knowledge of revenue recognition and margin analysis
  • R&D Tax legislation
  • Accounting standards and financial statutory requirements, particularly in relation to inventory accounting.

Experience

  • Extensive experience of Management accounting in an Engineering or Manufacturing environment (essential)
  • Strong experience of ERP systems (Syspro very highly desirable, otherwise major systems such as SAP, Oracle, Dynamics etc.)
  • Advanced Microsoft Office skills (in particular, pivot tables, VLOOKUPs and charts within Excel)
  • Experience within a corporate/commercial environment for a multinational organisation (desirable)

Personal Skills

  • Excellent analytical skills
  • Strong level of numeracy
  • Attention to detail
  • Inquisitive by nature with a desire to understand how individual processes impact the wider Company context and how they can be improved
  • Proven ability to communicate and collaborate with finance and non-finance colleagues at all levels within an organisation
  • Self-motivated
  • Team player
  • Ability to meet deadlines, whilst also dealing with interruptions and changing priorities

Package

Along with a competitive salary, Chelsea offers a quality pension Scheme, life assurance and 25 days annual leave plus public holidays.

Hours

The role is normally 37.5 hours Monday – Friday 8am-9am – 4pm-5pm with our ‘flexi-hour’ start and finish options and 30 minutes for lunch.

Security Clearance

Candidates must be suitable for security clearance via MOD UKSV.

NO AGENCIES PLEASE

How to apply

Please apply by sending a copy of your CV and a covering letter,  detailing how you meet the above criteria, to ekeegan@chelsea.co.uk using the subject line OPERATIONAL ACCOUNTANT plus your name. Please include details of salary expectation.

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