Rheinmetall
Management Accountant
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What We Are Looking For
Management Accountant
Location: Telford | Work Type: Hybrid, 3 days in the office | Hours: 37 hrs per week, Permanent | Department: Finance
About Us
Rheinmetall BAE Systems Land (RBSL) is a defence engineering company based in the UK. We design, manufacture and support military vehicles used by the British Army and international customers.
Position Overview
This role acts as a critical link between the finance function and wider operational stakeholders. The successful candidate ensures robust financial controls, manages complex defence contract compliance, and provides strategic financial analysis to aid senior leadership decision-making across costbase, stock, investments, and costing/pricing rates.
What Will You Do
Financial Control & Reporting
- Maintain absolute integrity of accounts within your area of responsibility by strictly adhering to Company Financial Policies.
- Deliver accurate data during reporting processes to help senior leaders understand the cost base, stock levels, and rates.
- Partner with cost centre managers to close out financial positions efficiently around key financial reporting milestones.
- Rolling forecasts for costs, cash, and headcount within these areas, managing accruals and prepayments and balance sheet account reconciliations and action plans where appropriate.
Defence Compliance & Rates
- Establish working relationships with the Ministry of Defence (MOD) and the Cost Assurance and Analysis Service (CAAS).
- Support the calculation, negotiation, and agreement of business charging rates with defence auditors.
- Build financial forecasting models to calculate forward-looking and actual overhead rates, direct labour rates, and material handling.
- Review internal overheads and labour costs to ensure they strictly meet the Allowable Costs statutory guidelines (Appropriate, Attributable, and Reasonable).
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Business Partnering & Planning
- Liaise directly with cost centre managers to provide financial insights that identify operational opportunities and vulnerabilities within costbase.
- Rolling forecasts for costs, cash, and headcount within these areas.
- Drive the mid-term planning process by applying constructive challenge to inputs.
Inventory & Stock Management
- Uphold and maintain company inventory policies through regular, rigorous reviews.
- Valuation accuracy alongside calculation of Net Realisable Values (NRV) and Moving Average Prices (MAP) while actively managing excess, surplus, and slow-moving stock.
Investments
- Review and analyse business cases, project proposals, and capital expenditure requests. Perform financial modelling, including Net Present Value (NPV), Internal Rate of Return (IRR), and payback period calculations, to support investment decision-making.
- Oversee the end-to-end recording of fixed asset acquisitions, tracking, depreciation, amortization, impairment testing, and disposals. Ensure all asset transactions are accurately processed in the ERP system.
- Monitor Capital Work-in-Progress accounts.
- Prepare monthly, quarterly, and annual fixed asset schedules, roll-forward summaries, and depreciation forecasts. Provide variance analysis explaining differences between actual capital expenditures, forecasts, and annual budgets.
What Qualifications You Should Have
- Experience of working in manufacturing/defence environments.
- A recognised accounting designation or working towards or extensive Qualified By Experience (QBE).
- Experience of Software-as-a-Service (SaaS) and cloud computing arrangements (distinguishing between capitalizable configuration costs and operational expenses) IFRS 16, IAS 16, and IAS 38.
- Hands-on proficiency with enterprise software suites such as SAP (specifically FI/CO modules).
- The confidence and diplomatic skill to review budget inputs from operational managers or cost centre managers, question assumptions objectively, and enforce financial discipline.
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What We Offer You
RBSL strives to be an employer of choice and to foster a culture in which our employees are supported to build a career they can be proud.
Through our contracts to deliver world-class products and support services, we offer great opportunities for personal development and career advancement via specialist technical roles, essential support functions, and broader leadership positions.
In addition, RBSL offer:
- Competitive salaries reviewed each year against market rates.
- Annual bonus incentive scheme for all employees.
- 37 hours over 4.5 days working week.
- Employer pension contributions up to 10%.
- Hybrid and flexible working.
- Life assurance cover.
- 5 weeks holiday plus bank holidays.
- Holiday purchase scheme.
- Health cash plan.
- Salary sacrifice benefits including cycle to work and electric vehicles schemes.
- Access to high street and gym discounts and cashback.
- Long Service rewards with additional holiday.
- Enhanced maternity and paternity benefits.
- Free access to onsite gym.
CONTACT INFORMATION
Contact Person: Iwona Kurpiewska
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