Cost Accountant

Description

This role will entail preparation of financial reports, month-end processes, and ensuring compliance with relevant accounting standards. You will be working closely with the business to assist with day-to-day finance management and identifying any commercial risks or opportunities to improve the business’ position. The ideal candidate will have a strong understanding of fundamental accounting and be keen to develop their skills in a fast-paced environment.

• Assist with the preparation of year-end reconciliations and schedules, and working closely with our auditors throughout the year end audit
• Reconcile physical stock counts with perpetual inventory records (both quantity and value) and investigate any variances or discrepancies promptly
• Reviewing finance processes to ensure that continuous improvements are made to improve inventory tracking and control
• Support the team in periodic reviews of inventory valuation, including obsolescence and net realisable value assessments
• Provide forecasting and KPI support: compiling data for the monthly re-forecasting, annual budgeting process, KPI tracking for the Supply Chain division
• Liaising with finance representatives to finalise results, reporting on variances as required and providing clear documentation and corrective journal entries where necessary
• Perform balance sheet reconciliations to ensure integrity of the general ledger and financial records, with a primary focus on inventory
• Preparing monthly divisional and consolidated management accounts, including assisting in the calculation and review of the monthly Cost of Goods Sold, ensuring accurate cost allocations for installed items
• Daily transaction posting including accurately processing all inventory-related transactions, including purchases, transfers to engineers, returns, and write-offs, ensuring they are correctly reflected in the general ledger

Requirements

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.

• Part-qualified or actively studying towards a professional accounting qualification (AAT, ACCA, CIMA, ACA or ICAS)
• Experience in a business with a physical inventory component preferable (e.g., retail, manufacturing, or services with hardware installation)
• 1–2 years experience in a cost accounting or similar role
• Experience with financial accounting software (NetSuite) would be preferable
• A relevant degree in Accounting, Finance, or a related field (or equivalent practical experience)
• Proactive and self-motivated with a high level of attention to detail and accuracy
• Strong IT skills including advanced excel skills such as complex formulas and data analysis
• Must be able to effectively and confidently communicate and present to senior management, both within finance and operational teams

Benefits

💰 Wondering what the salary for this role is? Just ask us! On a call with one of our recruiters it's something we always cover as we genuinely want to match your experience with the correct salary. The reason why we don't advertise is because we honestly have a degree of flexibility and would never want salary to be a reason why someone doesn't apply to Octopus - what's more important to us is finding the right octofit!

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Training + Development

Interview process

Visa Sponsorship

Security clearance