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Cost Accountant
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Cost Accountant
Job Title: Cost Accountant
Location: Haskel - Sunderland
About Us
Haskel is a global leader in high-pressure technology solutions, specialising in mission-critical applications that enhance life through innovation and reliability. As part of Ingersoll Rand, we are committed to sustainability, operational excellence, and empowering our teams to deliver world-class products and services.
Job Summary
The Cost Accountant ensures robust control and accuracy of inventory and work-in-progress (WIP), while delivering insightful margin analysis to support profitability across our Sunderland manufacturing site.
Key focus areas:
- Maintaining accurate product costing in JD Edwards
- Monitoring stock movements and valuations
- Analysing cost and margin performance to identify risks and opportunities
- Collaborating with operations to provide cost insights
- Supporting FP&A activities and ad hoc business requirements
Working closely with operations and finance teams, this role ensures financial integrity while driving profitability improvements.
Responsibilities
The role includes (but is not limited to):
- Developing, maintaining, and reviewing standard costs for raw materials, labour, and overheads
- Preparing and analysing cost variances, including material, labour, overhead, and purchase price variance (PPV)
- Performing detailed margin analysis by product, customer, or production line to support profitability improvements
- Managing and controlling inventory accounting, including raw materials, WIP, and stock movements within JD Edwards
- Monitoring and reconciling work-in-progress (WIP), ensuring accurate cost capitalisation
- Leading inventory counts and cycle count processes, investigating discrepancies and driving corrective actions
- Supporting VAT returns preparation, ensuring compliance with UK regulations
- Partnering with cost centre owners to provide variance analysis, guiding spend control and budget adherence
- Supporting budgeting, forecasting, and FP&A activities, including manufacturing cost assumption development
- Utilising JD Edwards to extract, analyse, and report financial and operational data
- Providing timely financial analysis to address ad hoc business needs
- Driving process improvements, automation, and system enhancements in manufacturing and finance workflows
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Qualifications & Experience
Qualifications
- CIMA/ACCA qualified, or part-qualified (equivalent preferred)
- Preferred but not essential: Bachelor’s degree in Accounting/Finance
Key Competencies
Technical Skills
| Category | Requirements |
|---|---|
| Cost Accounting | Strong understanding of cost accounting in manufacturing environments |
| System Expertise | Proven experience in standard costing, inventory control, and WIP accounting |
| VAT Compliance | Knowledge of VAT processes and UK regulations |
| Software | Proficient in JD Edwards ERP and advanced Excel |
| FP&A | Understanding of financial planning, budgeting, and forecasting |
Business Partnering
- Ability to support and challenge cost centre owners via financial insights
- Clear communication of financial data into actionable strategies
- Collaborative approach with operations, supply chain, and manufacturing teams
Personal Attributes
- High integrity and accountability
- Proactive, flexible mindset to address ad hoc requirements
- Continuous improvement-focused approach with efficiency in mind
Experience Requirements
- 5+ years in manufacturing or industrial environments (highly desirable)
- Cost/accounting/management accounting roles
- Experience in:
- Inventory and WIP control
- Standard costing and variance analysis (including PPV)
- Margin and profitability analysis
- Month-end processes
- ERP system use (JD Edwards preferred)
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Travel & Work Arrangements
Site-based in Sunderland, with occasional travel as needed.
What We Offer
| Benefit | Details |
|---|---|
| Holiday | 25 days plus bank holidays (option for 5 additional days) |
| Pension Contribution | 7% employer contribution |
| Medical Coverage | Westfield Health medical cash plan |
| Death in Service | 4× salary benefit |
| Cycle Scheme | Available after probation period |
| Electric Car Scheme | Available after one year of employment |
| Salary Str Archibald Shareholding | 10% of salary in shares (after one year) |
| Employee Assistance Programs | Support for work-life balance |
| Paternity/Maternity | Enhanced policies |
| Development | LinkedIn Learning access for continuous learning |
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