Job Description

Overview:

We are seeking a detail-oriented and analytical Business Analyst with strong IT skills to join our finance team. The successful candidate will be responsible for analysing and controlling costs, preparing financial reports, and supporting budgeting processes to ensure financial efficiency and accuracy. This role offers an excellent opportunity for individuals with a strong background in cost management and accounting principles to contribute to our organisation’s financial health.

Responsibilities:

• Analyse production costs and prepare detailed reports to identify cost-saving opportunities.
• Monitor and control manufacturing expenses, ensuring adherence to budgets.
• Assist in the development and maintenance of cost accounting systems and procedures.
• Develop, maintain, improve and train users of relevant internal information technology systems particularly D365 ERP Finance & Operations.
• Collaborate with production, procurement, and finance teams to gather relevant data.
• Work with operations, engineering and procurement teams to overview and update bills of materials and production cost drivers.
• Prepare accurate cost statements, variance analysis, and financial forecasts.
• Prepare and support month-end activities related to cost accounting.
• Prepare and support year end budgeting process in standard costing and related processes
• To be responsible for deriving, processing and implementing standard costing methods in D365.
• Standard cost management: calculate, establish and annually update standard costs for direct materials, direct labour, and manufacturing overheads.
• Prepare, calculate and reconcile “margin invoice line” report
• Inventory control: reconcile monthly inventory balances, evaluate slow-moving stock.
• To provide cover for Head of Finance, Financial Controller and Credit Controller during absences.
• To perform reconciliation of all accounts under control.
• Ensure compliance with internal policies and external regulations regarding financial reporting.
• Contribute to continuous improvement initiatives within the finance department.

Skills:

• Proficiency in Microsoft Office Suite, particularly Excel.
• Strong knowledge and relevant experience in D365.
• Relevant professional qualifications such as CIMA or ACCA are desirable but not essential.
• Good understanding of manufacturing processes, experience in cost accounting or a similar financial role.
• Strong analytical, modelling and data presentation skills with the ability to interpret complex data sets.
• Excellent organisational skills with meticulous attention to detail and accuracy.
• Team player, showing flexibility and able to handle pressure.

This position offers a rewarding environment for professionals eager to develop their expertise in cost management within a dynamic organisation committed to excellence.

Responsibilities:

1) Requirements Management: Identify, elicit, and document project/process requirements, using appropriate modeling technique, if required. Analyze requirements and validate with original users, eliminating confusion. Define the testing scripts and verification criteria to ensure requirements are met. Maintain documentation and traceability throughout project.

2) Data Collection and Analysis: Conduct research using primary data sources, and select information needed for the analysis of key themes and trends.

3) Database Specifications: Provide information and comments on suitability during the approval process for database specifications to ensure all agreed standards and protocols are followed and data integrity is preserved.

4) Analysis of "As Is" and "To Be": Support and contribute to the documentation of "as is" and "to be" processes and describe the changes required to migrate to the "to be" capability to record accurately the change required.

5) Business Requirements Identification: Support collection of business requirements using a variety of methods, such as interviews, document analysis, and workflow analysis, to express requirements clearly and succinctly.

6) Feasibility Studies: Contribute to and support feasibility studies from a technological and organizational perspective, and document findings.

7) Horizon Scanning: Explore and develop a basic understanding of external developments or emerging issues and contribute to the evaluation of their potential impact on, or usefulness to, the organization.

8) Enterprise Business Analysis: Identify solution recommendations to business problems when given fairly well understood business needs at a business unit level.

9) Business Case: Carry out feasibility and assessment work for proposed and current projects to contribute to the development and continuous review of business cases.

10) Application Software Development: Contribute to development of existing and new applications by analyzing and identifying areas for modification and improvement. Contribute to development of new applications to meet customer requirements.

11) Documentation and Backup: Create and maintain technical and/or user documentation to a high standard, and back up files to ensure instant recovery if problems occur.

12) Culture of Innovation: Support a culture of innovation by contributing to solutions that boost creativity, innovation, and collaboration, such as idea generation platforms, jam sessions, and hackathons.

13) Personal Capability Building: Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching; gain or maintain external professional accreditation, where relevant, to improve performance and fulfill personal potential. Maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.

Educational Requirements: Short-Cycle Tertiary Education

General Experience Requirement: Sound experience and understanding of straightforward procedures or systems (7 to 12 months)

Managerial Experience Requirement: Basic experience of coordinating the work of others (4 to 6 months)