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Cost Accountant – Haskel, Sunderland
Location
Haskel – Sunderland
About Haskel
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 margin analysis to support profitability at our Sunderland manufacturing site. Key responsibilities include:
- Maintaining accurate product costing within JD Edwards
- Monitoring stock movements and valuation
- Analysing cost and margin performance to identify risks and opportunities
- Collaborating with operations to provide financial insights into cost drivers
- Supporting budgeting, forecasting, and FP&A activities
- Meeting evolving analytical needs of the business
Responsibilities
The role includes, but is not limited to:
- Developing, maintaining, and reviewing standard costs for:
- Raw materials
- Labour
- Overheads
- Preparing and analysing cost variances, including:
- Material, labour, and overhead variances
- Purchase price variance (PPV)
- Performing detailed margin analysis (by product, customer, or production line) to drive profitability improvements
- Managing and controlling inventory accounting for:
- Raw materials
- Finished goods
- Stock movements within JD Edwards
- Monitoring and reconciling work-in-progress (WIP), ensuring accurate capitalisation and tracking of production costs
- Leading inventory counts and cycle count processes, investigating discrepancies and initiating corrective actions
- Supporting VAT returns, ensuring compliance with UK regulations
- Partnering with cost centre owners to:
- Provide detailed variance analysis on departmental spend
- Offer insights and challenges to support budget control
- Supporting budgeting, forecasting, and FP&A, including:
- Developing manufacturing cost assumptions
- Utilising the JD Edwards ERP system to extract, analyse, and report financial and operational data
- Addressing ad hoc financial analysis requests to meet business needs
- Contributing to process improvements, automation, and system enhancements within finance and manufacturing environments
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Basic Qualifications & Experience
- CIMA / ACCA (or equivalent) qualified, or part-qualified
- A Bachelors degree in Accounting/Finance (preferred but not mandatory)
Key Competencies
Technical Skills
- Strong understanding of cost accounting in a manufacturing environment
- Proven experience in:
- Standard costing
- Inventory control
- WIP accounting
- Knowledge of VAT processes and compliance
- Proficiency in:
- JD Edwards ERP system
- Advanced Excel
- Understanding of:
- Financial planning, budgeting, and forecasting
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Business Partnering
- Ability to support and challenge cost centre owners through financial insights
- Strong communication skills to translate financial data into actionable messages
- Collaborative approach with cross-functional teams, including:
- Operations
- **Supply Chain
Personal Attributes
- High integrity and accountability
- Proactive, flexible approach to ad hoc business requirements
- Continuous improvement mindset focused on efficiency and value creation
Experience
5+ years in:
- Manufacturing or industrial environments (highly desirable)
- Cost accounting / management accounting roles
- Inventory and WIP control
- Standard costing and variance analysis (including PPV)
- Margin and profitability analysis
- Month-end processes
- ERP systems, preferably JD Edwards
Travel & Work Arrangements
- Site-based in Sunderland, with occasional travel as required
What We Offer
- 25 days holiday + bank holidays (Option to purchase 5 additional days)
- 7% employer pension contribution
- Westfield Health medical cash plan
- Death in service benefit (4 × salary)
- Cycle scheme (post-probation)
- Electric car scheme (after one year of employment)
- 10% of salary in shares (after one year)
- Employee Assistance Programme
- Enhanced maternity and paternity policies
- LinkedIn Learning access
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