Cost Accountant

Ingersoll Rand is committed to achieving workforce diversity reflective of our communities. We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, colour, family or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, physical or mental disability, political affiliation, protected veteran status, race, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable laws, regulations and ordinances. 

We are an equal opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, sexual orientation, gender identity, national origin, pregnancy, age, marital status, disability, status as a protected veteran, or any legally protected status. 

Job Title 

Cost Accountant

Location 

Redditch, hybrid

About Us

Gardner Denver is a leading provider of mission-critical flow control and compression equipment and associated aftermarket parts, consumables, and services, which it sells across multiple attractive end-markets within the industrial, energy and medical industries. Its broad and complete range of compressor, vacuum and blower products and services, along with its application expertise and over 160 years of engineering heritage, allows Gardner Denver to provide differentiated product and service offerings for its customers' specific uses.

Job Summary

This position is primarily responsible for maintaining the standard costs of the UK Industrials business (Redditch) and for analysing and maintaining inventory records on a regular basis.

Responsibilities

• Standard costs: control and processing of the annual standard cost roll procedure in SAP. In addition, perform regular standard cost updates as required by the business.
• Inventory: Prepares analysis and reports on inventory on a weekly and monthly basis and provides to local management. Ensures Inventory and WIP accounts are clean and cleardowns are done in a timely manner.
• Prepares reports analysing inventory aging in order to calculate provisions for Obsolete and Slow-Moving Inventory (OSMI)
• Assists with the coordination of the annual physical inventory preparation, count and reconciliation including book to count investigation and explanation.
• General Ledger: Preparation and posting of accurate and timely journal entries, including but not limited to, Cost of Sales, inventory and a variety of other manufacturing variances. At all times maintaining and controlling General Ledger integrity and system processing. 
• SOX Controls:
  • Monthly: Cycle counting controls for Bradford and GXO sites.
  • Quarterly: Obsolete and Slow-Moving Inventory (OSMI) control
  • Annually: (i) Annual standard cost roll (ii) Physical inventory count
• External Audit: responds to external audit requests on a timely manner and closes out open items and issues in a professional manner.
• Reconciliations: Performs monthly balance sheet account reconciliations, which may include various accruals and prepayments, obsolete and slow-moving inventory provisions and any other requisite balance sheet reserves. Performs controls over accounts and helps meeting the companies SOX and audit requirements.
• Reports: Provides timely, accurate and professional reports that may include daily input / output updates, weekly shipping forecasts, inventory analysis plus annual federal and state tax type schedules required by both domestic and international locations
• Analysis: Performs as hoc analysis and works with operating personnel to identify cost and product cost issues and opportunities
• Liaise with senior management to assist in the preparation of annual budget and periodic forecast returns, providing detailed breakdown of the P&L and salient balance sheet items in readiness for corporate review.
• Monthly Orderbook Reporting
• Reconcile Consumption balances and investigate orders that are causing reconciling differences, then monitoring orders until items are closed out.
• Manage National Statistics Reports
• Quarterly Reporting: including OSMI, Goods in Transit, IC Profit in Inventory, IC Profit in Freight and Performance Obligations, to name a few.

Basic Qualifications

• Part/Fully qualified CIMA/ACCA (or equivalent)
• Qualified by experience will be considered.
• Degree level, desirable

Travel & Work Arrangements/Requirements

Redditch, hybrid

Key Competencies

• Manufacturing experience
• Worked with Standard Costing system.
• Ability to identify and investigate trends and potential issue.
• Excellent communication skills
• Proficient in Microsoft office applications
• Problem solver

What we Offer

• 25 Days Holiday + 8 Bank Holidays (Option to purchase 5 days after probation period)
• 7% Employer Pension Contribution
• Westfield Health Medial Cash Plan Cover
• Death in Service Benefit of 4 x salary
• Cycle scheme (After probation period)
• Electric Car Scheme (After 1 year employment)
• 10% of salary in shares after 1 year of employment
• Costco Gold Company member, allowing employees to join.
• Employee Assistance Program
• Enhanced Maternity & Paternity Policies

#LI-MT1

Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities. Customers lean on us for our technology-driven excellence in mission-critical flow creation and industrial solutions across 40+ respected brands where our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity and efficiency. For more information, visit www.IRCO.com.