Overview:
The Financial Planning & Analysis Analyst provides accurate product costing, inventory control and financial analysis to support decision-making in a manufacturing environment. The role sits at the intersection of finance and operations, turning operational data into insight on cost, margin and performance.
Duties and Responsibilities
Product Costing:
- Monitor product and operational costs, analyse variances, and identify cost saving
- opportunities.
- Calculate and update product costs and provide detailed insight into cost structures.
- Maintain Bill of Materials (BOMs), ensuring their accuracy and integrity in the ERP system.
- Assist in calculating standard costs of finished goods and maintaining standard costing
- models for all products in the manufacturing portfolio.
- Maintain accurate material master data and ensure appropriate financial controls are in
- place.
- Prepare weekly and monthly cost analysis reports to support decision-making.
Inventory:
- Support weekly and monthly stock counts and inventory reconciliations.
- Reconcile physical stock against system records and process approved inventory
- adjustments.
- Perform inventory valuations in accordance with applicable accounting standards.
- Monitor raw materials, WIP and finished goods inventory levels and movements.
- Analyse inventory variances and discrepancies, and support their resolution.
Variance Analysis
- Monitor actual manufacturing costs against established standards and investigate
- significant variances to support operational improvements.
- Analyse material, labour and overhead variances (price, usage and efficiency) and report
- root causes.
- Prepare variance analysis with insightful commentary.
Budgeting and Forecasting:
- Gather and analyse departmental data to support planning activities.
- Support the annual budget and rolling forecast process, including preparing cost centre
- and product cost inputs.
- Compare actual results with budget and forecast, and explain key movements to
- management.
Commercial and Financial Analysis:
- Assist with customer, product, channel and region performance and profitability analysis.
- Support pricing analysis and provide financial insights to inform pricing decisions.
- Develop and maintain financial models, reports and analytical tools.
- Provide commercial support to the sales team.
- Track and analyse new product performance.
- Track and evaluate the effectiveness of promotional activity.
- Perform monthly rebate reconciliations and assist with sales reconciliations.
- Assist in maintaining and improving dashboards.
Minimum Requirements:
Degree or advanced diploma in Management Accounting, or CIMA Management Level
completed.
Minimum of 2 years' experience in cost accounting/commercial finance.
Strong Excel skills.
Advantageous:
Experience in an FMCG, manufacturing or production environment.
BI/reporting experience.
Competencies:
Strong analytical and problem-solving skills.
Adaptability and willingness to learn.
Work Location: In person
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