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Costing and Inventory Manager

Department: FP and A

Job Type: Standard

Location: Cambridge, Cambridgeshire, United Kingdom

About the role
This key role will lead and manage a newly created team of Cost Accountants, with responsibility for ensuring accurate and timely inventory valuation throughout the Abcam group. Gross margin analysis will form an important part of the role, including providing detailed and insightful analysis for senior management.

The post holder will be based in global headquarters in Cambridge UK, but co-ordinate and manage the activities of a team of Cost Accountants who will be based at local sites including in the US and China. This role will also be key in transitioning Costing activities from legacy systems onto the new Oracle Cloud ERP, ensuring continuity during the move.

About FP&A at Abcam
The new Costing & Inventory team sits within out Financial Planning & Analysis function, a department that has been rapidly growing and evolving since its inception in 2015. The aim of all of our FP&A colleagues is to support the various global business units, providing useful and insightful information to the senior and executives leaders to support and add value through the decision making, financial planning and budget management process.

Roles & responsibilities:
  • Effective day-to-day line manage a team of Cost Accountants, based in the UK, US and China
  • Analyse and report on Group gross margin performance, including budget and forecast variances and trend analysis
  • Ensure that cost accounting is performed accurately and timely, in line with the period end schedules. This includes accounting for WIP, assets under construction, inventory and inventory provisions
  • Provide analysis and explanation of budget and forecast variances for inventory and R&D recoveries
  • Provide analysis to support the R&D tax credit claim, ensuring that all calculations are compliant with the relevant tax laws
  • Provide Group inventory and manufacturing analysis to senior management, including understanding and highlighting the key drivers of cost
  • Provide direct support, and ensure the costing team is positioned to support, Abcam’s transition from legacy costing methodology onto the Oracle cloud platform as it is rolled out
  • Develop and implement process improvements and ensure that processes are scalable, repeatable, and well documented 
About you
The ideal candidate will be CIMA/ACCA qualified with extensive experience running a Costing & Inventory function with previous line management experience. You should have the skills required to create and maintain a complex excel based model including related KPI monitoring and dashboard tools.

You should have excellent analytical skills and be able to get into the detail whilst also maintaining an appreciation for the “bigger picture”. You should possess strong communication skills with the ability to disseminate complex accounting topics to non-financial stakeholders in an understandable and engaging way.

You will have a flexible approach with an eye on continuous improvement and commitment to accurate and timely delivery. Some overseas travel will be required on an adhoc basis so all applicants should be comfortable with this.

If this sounds like you and you’d like to be a part of a fast paced, growing business with the vision to become the most influential company and best-loved brand in life sciences please apply now!

About Us
Ever since 1998, when our founder, Jonathan Milner, started selling antibodies from the back of his bike, Abcam has aimed to help scientific researchers make breakthroughs faster. We now have offices and labs in the UK, the US, China and Japan, and as we continue to grow, we remain ambitious, driven by our customers’ success and their research needs.

It’s our goal to provide a world-standard in protein research tools, technical support and delivery. When you join Abcam, you’ll join a global business with the passion and the vision to become the most influential company, and, best-loved brand in life sciences.

Our culture is our key differentiator. We believe in empowering individuals, with responsibility given at an early stage. The working environment is fun and fast-paced, collaborative and outcome focused, with a strong customer focus. In addition to competitive salaries, we can offer an attractive flexible benefits package which includes share options, a culture focussed on wellbeing and opportunities for growth and development.