Management Accountant

West Sussex, England, United Kingdom

12/3/2024

Overview

IMI plc

We are a global specialist engineering company that creates breakthrough solutions. We are curious and like to solve problems, partnering with our customers to solve the demands of today and prepare for the challenges of tomorrow. We embrace innovation and care about outcomes that are good for business, everyday life and making a better world – creating lasting impact for everyone.

We design, build and service highly engineered products in fluid and motion control applications. We focus on five market sectors: Industrial Automation, Process Automation, Climate Control, Life Science and Fluid Control, and Transport.

Our partnership approach breaks through problems and reduces complexity. We don’t invent in isolation – we collaborate with our customers. We listen closely and we think differently, creating space for diverse minds to innovate. We are working together to make businesses safer, more sustainable and more productive.

Role Overview

Reporting to the Financial Controller, this is a diverse and challenging role. The role is hands-on role involving all aspects of the finance function. With full responsibility of producing the Management accounts, assisting with statutory accounts and managing the sub ledger teams. The role also is responsible for maintaining the manufacturing standard costs and inventory valuation. This involves delivering to tight deadlines within a fast-paced corporate environment.

Work Environment: (Please list whether the role will be on-site, hybrid, or fully remote).

On-site

Key Responsibilities

• Responsible to produce the monthly management accounts package within required group deadlines, with full variance analysis for finance and non-finance personnel
• Responsible for general ledger journals and full balance sheet reconciliations
• Analysing Financial Results and reporting the findings to the Financial Controller or Director
• Complete monthly actuals vs budget reporting, meeting with each budget holder to discuss performance and revise forecasts
• Deputise for the Financial Controller
• Day to day oversight of ledger functions processes to ensure integrity of general ledger transactions and supporting tasks
• Project reporting & Control of Fixed Assets
• Assisting with the annual budgeting and quarterly forecasting
• To liaise with internal auditors and control onsite audits
• Treasury Management and banking responsibilities
• Reviewing and updating finance KPI’s and leading metrics
• Maintain/implement financial/costing policies and procedures
• Provide monthly analysis or cost of sales, manufacturing and margin variances
• Maintain the businesses standard costing system ensuring inventory valuation accuracy
• Responsible for annual standard cost roll and financial control of annual inventory count
• Involvement with new product introduction and bill of material review/release
• Delivering process improvements within finance with a focus on automation, and assist other departments to make efficiencies in processes
• Drive improvement in internal control by identifying and closing gaps
  
  

Critical Competencies For Success

Role Demands

• Ability to organise and prioritise work under high pressure and deadlines
• Ability to communicate effectively with all levels of the business
• Ability to identify and implement systems and process improvement
• The flexibility to perform other activities, which from time to time become necessary
• A willingness to work additional hours to meet required corporate deliverables
• Ability to follow procedures and to adopt new methods as and when required.
  
  

Level Of Knowledge & Qualifications

• Hold a recognised accounting qualification / preferred CIMA/ACCA
• Excellent Data analysis skills using complex formulas and data analysis sets
• Excellent system interrogation skills
• Knowledge of IFRS, US/UK GAAP reporting
• Experience within a corporate reporting role
  
  

Experience

• 5+ years of manufacturing finance experience
• Delivering financials within a corporate environment to strict deadlines
• Experience of monthly production of Management accounts, variance analysis and commentary for both finance and non-finance leaders
• Strong understanding of cost accounting principles
• Reporting and driving KPI’s
• Proven track record of process improvement
• People Management including team development
  
  

Skills & Competencies

• Be able to adapt to a changing challenging environment with changing deliverables
• Good Numeracy, literacy, and accuracy skills along with excellent attention to detail
• Good organsational skills with the ability to quickly re-prioritise workload due to shifting requirements
• A manager who leads by example with a proven track record in coaching, developing and performance management
• Ability to anticipate/find and close out problems
• Strong analytical and problem-solving skills with a good understanding of external and internal customer requirements
• Exceptional communication skills (both written and verbal) will be essential to undertake the role successfully as the role will involve extensive liaison with both internal and external stakeholders
• Flexible and self-motivated attitude towards work
• Willingness to undertake cross training as required, adaptable and open to change
  
  

Health & Safety

The physical demands described within the Key Duties & Responsibilities section of this job description are required to perform the essential functions of this position. Reasonable accommodations may be made for individuals with disabilities. Please contact your local HR representative to discuss the specific Work Conditions and Physical Requirements of this role.

Health, Safety, and Environmental Duties – At IMI we are all personally committed to protecting our people, minimizing our impact to the environment, the communities we operate in and our company. All members of our workforce have the duty to ensure the health, safety and welfare of themselves, others, and the environment. Every employee is expected to follow all HSE operating procedures, also to challenge any observed behaviors or unsafe acts.

Code of Ethics

IMI requires the highest standard of ethics in all business dealings, particularly with customers, suppliers, advisors, employees, and the authorities. In accordance with the IMI Way: Our Code of Responsible Business.

Changes To This Job Description

IMI may amend this job description in whole or part at any time.

IMI is an equal opportunity employer. Qualified applicants will be considered without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality, sex, or veteran status.