Operations Finance Associate

The Operations Finance Associate is expected to master the manufacturing processes with specific focus on Manufacturing labour and overheads control. The associate is also responsible to assist during perform cost planning and cost optimisation analysis, and to compare actual performance to standard, understand deviations and help operations to realign accordingly.

Key Accountabilities

Product costing and cost planning

• Responsible for the Standard overhead and labour costing and to ensure that such standard costing is relevant throughout the year
• Control COGS Manufacturing Labour and Manufacturing Overheads: Collaborate with the Operations Finance Analyst and master the manning, machine and overhead allocation process to secure tight financial control over operations
• Assist the Operations Finance Analyst to:
  • Perform cost future planning & Cost optimisation on Company OD&D / C&B.
  • Ensure adequate line level planning related to overtime and subcontracted work requirements, ensure business justification and control accordingly

Manufacturing Accounts Reports

• Champion data structuring & preliminary analysis of Plan to Produce (P2Prod) flow.
• Fully manage the data gathering, organisation, maintenance and validation process for the Plan to Produce end to end.
• Ensure Strict Adherence & Execution of all internal controls & policies within the P2Prod process
• Collaborate with Manufacturing & Engineering departments to ensure data is reviewed and up to date.
• Contribute to strategic financial modelling leading to Make / Buy Decisions & Capacity modelling
• Contribute to the reporting, design and decision-making process related to assets, BOM routings, Labour utilisation & manufacturing plan.
• Identify and resolve issues with Production Orders and deviations from standard production.
• Manage and report on the Companys cost per case KPI to ensure alignment to standard as possible
• Collaborate with Manufacturing to assess production profitability
• Proactively promote and prepare different types of operational improvement simulations and reports.
• Ensure accurate reporting of production orders, tracking variance and disputing deviations from SOPs.
• Coordinate and contribute to the reporting and follow-up on cost of production and production overheads
• Define manufacturing cost structures and associated cost drivers leading to the production cost. Create visibility and coherent common cost transparency within the business.
• Coordinate / Drive the implementation and automation of existing & new company procedures related to Operations Finance. Ensure relevant data is captured to ensure meaningful business reporting.

Production Order Control

• Follow-up on the timely closure of Production Orders
• Performing of data analysis and reporting on variances at Production Order level
• Follow-up on cost optimisation projects with different departments

Inventory Accounting

• Execute accounting for inventory slow moving provision, stock adjustment journals, stock count review, stock turnover reports
• Conduct accounting for assets, and analysing reasons for changes (depreciation, obsolescence, deterioration, change in customer taste, increased demand, decreased market supply, etc.).
• Monitor and report on the Perpetual Inventory Counts. Monitor and report on stock holding levels. Report on slow moving stock (both Raw and Finished) and follow up on related planned actions agreed with operations

Ideal Candidate Profile

Education

• MQF5 level Degree in Accountancy

Experience

• Minimum of 1-year overall experience. With particular focus on FMCG.
• Knowledge in manufacturing process involving, factory costing control, manufacturing factory accounts.

Technical skills

• Financial Management and Accounting
• Profitability Analysis
• Cost Planning and control - Labour and Overheads
• Manufacturing Labour and Overhead optimisation
• Machine capability, efficiency and utilisation
• Manufacturing accounting and control
• ERP systems

Competencies

• Attention to Detail
• Action Orientated
• Relationship Building
• Inter department Service Orientation
• Verbal & Written Communication
• Monitoring & Measuring