The Company
With innovation and engineering at the heart of our business, Amphenol Ltd (ALTD) has been at the forefront of using the latest technologies and practices for over 50 years to meet the needs of interconnection in a variety of applications. As part of the Amphenol Corporation - a leading global interconnect Fortune 500 specialist company, ALTD is continuing to grow and significantly investing in the future.
Based in Whitstable Kent, ALTD has maintained its status as a market leader in the Aerospace and Military industries and growth targets remain on track as part of our strategic plan. With c230 employees across a wide range of disciplines, our end-to-end manufacturing capabilities provide endless opportunities for our employees to grow their career and professional experiences.
More information on the job vacancy you have selected is available below, however if you have any additional questions please contact the HR Department on 01227 773200 or email HR@amphenol.co.uk.
The Vacancy
Purpose of the role:
To facilitate accurate costing, actual and budget data. To own sales reporting, ensure standard costs are accurate and reflective of the realities of the business. To own sales reporting. To assist the wider business to make commercially sensible decisions.
Duties and responsibilities
To facilitate the annual Budget process relating to Operational, SG&A expenses, Cost Reduction, Headcount requirements, and inventory levels.
* To manage the individual submissions of these budget requests, ensuring significant increases / decreases are justifiable and where appropriate they are commensurate with the Revenue budget.
* Analyse and bridge the OI impact compared to prior year.
* Manage the financial modelling.
To facilitate the reporting of Actual financial results.
* Manage the financial model recording Actual data.
* Provide explanations for significant variations in cost to budget and trends.
* Bridge movements in results from one period to another i.e. Q2 v Q1.
To manage the calculation and reporting of revenue forecasting.
* Manage the financial model recording revenue data.
* Work with the wider business to understand customer behaviour and leadtimes making revenue forecasting more accurate.
* Own reporting of revenue into corporate reporting module.
Responsible for the preparation and review of the annual standard cost absorption model.
* This shall entail updating the cost model with the budgeted cost structure and making judgment call where appropriate to comply with the Finance Manual.
* Work with Operations to determine a sensible level of production hours for the forthcoming year whilst complying with the Finance Manual.
* Calculate the new absorption rates.
* Assess the impact of the rate change upon Margin & Inventory valuation and report back.
Work with the Purchasing department in setting the annual standard Material.
* Help manage the criteria under which Current & Standard material costs are set, ensuring the costs accurately reflect the \"true\" cost of acquisition.
* Review significant changes and seek justification.
* Assess impact upon Margin & Inventory valuation.
* Manage quarterly reviews of Standard, Current Last Price Paid.
Monitor Variances throughout the Year
* Review PPV on a regular basis.
* Review CJV
* Review under / over absorption and its impact.
* Assess the impact upon Margin and the risk to the inventory valuation, making recommendations where appropriate.
To manage Inventory controls, ensuring the reported inventory balance accurately reflects the physical stock and is in accordance with the Finance Manual valuation policies.
* To reconcile the physical stock reports to the ledger, investigating differences.
* To manage the required E&O provision, identifying Exclusions or Additions with supporting evidence.
* To recommend other inventory provisions required i.e. NRV, Revaluations.
* Monitor raw materials, components & WIP.
* To work with Operations to ensure safety stocks reflect current requirements and are managed and approved correctly.
* Manage E&O quarterly reviews.
To ensure accurate reporting of Operational & SG&A costs and support managers in adhering to budgets and forecasts.
* Continue with monthly reviews helping to identify potential future cost over spends and feedback into the forecast.
To track key performance measures to help drive production efficiency.
* To develop KPI's measuring Direct labour utilization and efficiency.
* Work with Operations to eliminate waste.
To work with finance to ensure the integrity of the monthly income statement.
* Review the income statement ensuring the component elements of absorption & variances are commensurate with Revenue and Burden incurred.
* Explain significant variations.
Carries out such other duties that may be reasonably requested.
Person Specification
Essential
Qualifications
* Studying for accountant qualification
Technical
* Confident user of pivots, excel, interested in technology, AI, modelling.
* Experience of understanding ERP systems.
Skills and Competencies
* Skilled at explaining complex financial concepts in plain language.
* Able to deal with large amounts of data.
* Happy to take the initiative and "go investigate".
Desirable
Qualifications
* Qualified Accountant (ACA, ACCA or CIMA)
Experience
* Experience working in Manufacturing highly desirable but we recognise this is rare.
Technical
* Qlik reporting, and development.
The Benefits
* Group Personal Pension Plan
* Life Assurance
* Quarterly Bonus Scheme
* Holiday Buy Scheme
* Employee Assistance Programme
* Group Income Protection
* Company Sick Pay
* Cycle to Work Scheme
* Subsidised Restaurant facility
* Free onsite parking
To be considered for this position please click the 'Apply now' button, and thank you for your interest in Amphenol LTD.
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