Cost Accountant

Brown Forman
£40,000 - 45,000
03 Nov 2017
15 Nov 2017
Contract Type
Full Time
Scope : Responsible for Tax and GAAP production and general ledger accounting and analysis for BenRiach bottling. Represents an annual operating budget of 5-6MM GBP, finished goods inventory of 2-3MM, capital budget of 1-3MM GBP, and 400k 9Lc production. Basic Function : Responsible for the overall production cost and general ledger accounting and analysis for BenRiach bottling. Develops finished goods standard costs for all BenRiach, Glenglassaugh and Glendronach domestic and international products as well as contract bottled products. Maintains SAP standard costs, SAP material master, and SAP labor and overhead activity rates. Performs variance calculation and settlement of SAP process orders. Responsibilities: Cost Standards, Controlling and Accounting (50%) Generates and monitors the Tax and GAAP monthly closing entries and financial statement reporting for BenRiach Bottling, including the balance sheet, production cost schedules, and administrative cost schedules. Provides financial analysis to improve business operations. Analyzes Tax and GAAP balance sheet, production costs, and administrative cost variances from budget/projection. Develops interim and full year projections of production cost variances from standard. Develops detailed standard costs by SKU in SAP for all BenRiach produced products including contract manufacturing. Develops standard cost estimates for existing, proposed, new, and redesigned products. Provides product cost and analysis to Brand management and Brand finance for COGS budgeting and planning. Analyzes and recommends cost savings opportunities. Updates and maintains the accounting and costing views in the SAP material master. Maintains the standard cost, planned cost, I/C profit, excise tax fields for finished goods and raw materials. Develops and maintains labor and overhead activity types and activity rates in SAP. Responsible for variance calculation, review, and settlement of all bottling-SAP finished goods process orders. Monitors accuracy and integrity of data in SAP. Works closely with product engineering, scheduling, and purchasing to ensure that SAP standards are based on accurate BOM’S, recipes, rates, and specifications. Adjusts standard costs as needed and communicates changes to Marketing/Finance. Prepares monthly process order variance reporting. Manages invoicing for contract bottling customers. Responsible for timely analysis of VAT accounts and preparation and submission of periodic VAT return to HMRC. Partner with bottling and shipping operations on finished goods inventory control and management. Participate in inventory counts, manage balance sheet accuracy. Financial Analysis (30%) Develop and report on business key performance indicators (KPIs) related to bottling activity and provide insightful, accurate analyses in support of strategic decisions. Direct, coordinate and prepare cost estimates and other financial analysis to identify issues and business opportunities, including existing and prospective contract bottling profitability. Evaluate and investigate opportunities and recommend viable options. Develop annual operating and capital budget for bottling operations, working with operations teams and engineering. Develop Capital Appropriation Requests (CAR) for bottling operations investments including cost-benefit analysis in support of investments. Report monthly capital expenditure, timely closure of capital projects and proper classification of resulting fixed assets. Other Duties (20%) Ensure accurate accounting for contract barrel warehousing activities including preparation and analysis of periodic rental invoices. Coordinate the completion of various periodic government census reports working with appropriate operational and finance partners to gather, analyze and report the relevant data. As needed, provide ad-hoc analysis for BenRiach Controller, Global Production Finance and Benriach Leadership Must Requirements / Competencies: Bachelor’s Degree in Accounting, Business Administration or Finance plus 4 years accounting experience or 10 years equivalent experience in production accounting. Demonstrated proficiency in product costing. Attention to detail, ensuring accuracy and completeness. Strong verbal and written communication skills with an ability to communicate effectively with all levels of the organization. Ability to build productive relationships and partnerships and influence others. Excellent business planning and analytical skills. Proficiency with Microsoft office and Google software. Proficiency with SAP-ERP software including the following modules: product costing, material ledger, materials management, inventory management, production planning, and integrated manufacturing