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Management Accountant

IAC Group
Closing date
23 Feb 2021

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Job Details

International Automotive Components Group Limited (IAC Group Ltd) is a leading global supplier of automotive components and systems, including interior and exterior trim. Our product portfolio spans across automotive components and systems, including instrument panels, console systems, door panels, headliners and overhead systems to automakers around the world. The company has approximately 60 total locations in 19 countries, including 20 design, technical and commercial centres, and employs more than 24,000 people globally.

At IAC, it's what's inside that really drives us. We bring over 160 years of automotive expertise to the forefront in crafting beautiful interiors that help to differentiate vehicles in the marketplace. We believe our employees to be our greatest asset and excited to confirm the below opportunity to join our team.

Role Responsibilities

Responsible for supporting the Plant Financial Controller in controlling all plant costs and internal controls, compiling the annual budgets / forecasts and ensuring that all plant statutory reporting requirements are met.

Working closely with the Senior Operational and Commercial Management to ensure that the plant remains profitable and drive cost saving through economic efficiency.

Principle Accountabilities

Overheads: Not booked in issues, GRNI: review and reporting of the GRNI balance

Labour: phasing , temps, overtime accrual, phasing journal and holiday accrual

Control of Stock holding: Ensure the correct level of stock is held for the business requirements and the accounting is accurate and timely.

Change Control: Review and approval of purchase price, BOM and standard costs changes.

Develop reporting systems to communicate impact of changes

Standard Costs: Understand and maintain standard costing for existing parts. Assist in the development of reporting systems to communicate financial margins at part, commodity and vehicle level

Launch costs: Control and report all plant launch costs. Work with launch team to prepare annual launch forecast

Monthly forecasting: Assist in Plant monthly forecasting process. Month End procedures: Journal preparation, P&L and Balance Sheet analysis during 3 day close.

Balance Sheet reconciliation Corporate reporting: Assist in the completion of monthly management information pack including commentary. Support Plant Controller on other reports required for monthly management pack.

Inventory analysis: Critical review of inventory profile and transactions. Detailed analysis and review of scrap entries.

Control:- Monthly review of AP and AR ledgers to ensure accuracy and compliance. Reporting/Forecasting: Liaise with purchasing re control and forecast of P Saves and Purchase Economics, prepare monthly reports for group submission.

Accounting: Sole control for accounting and reporting of Trade Sales Entity.

Reporting: Daily reporting on sales and scrap for the business and cost centre reporting Supervision: Support and provide guidance to the Finance Administrator on daily issues.

HSE: Ensure that all health and safety policies and procedures are adhered to at all times.


Part qualified accountant or actively studying Accounting

Experience working in Manufacturing with ERP experience of standard cost and BOM

Confident with strong Interpersonal, influencing and communication skills

Hands-on approach

Highly flexible and adaptable with the ability to work as an individual or as part of a team and to work on their own initiative when required.

High standard of Excel skills


Automotive experience Understanding of IATF16949 / ISO9001 AS400 (System21)

ERP experience Hyperion experience Experience of SOX Internal Audit procedures

Location Based in IAC Elmdon plant, Birmingham.

Reporting to - Plant Financial Controller

Note: this is not an exhaustive list. All employees are expected to show flexibility and continued self -development to meet the ever- changing needs of the business. All job descriptions will be subject to continual development
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