Financial Planning & Analysis (FP&A) Management Accountant

Job Title: Financial Planning & Analysis (FP&A) Management Accountant

Location: Brownhills, UK (Office based)

Responsible to: Group Financial Controller

Key Relationships: Chief Financial Officer, Operations Director, Finance Assistant (Brownhills, UK), Prokurist (based in Germany)

Company Overview: Xstrahl is a leading designer and manufacturer of superficial orthovoltage X-ray systems used in the treatment of cancers and dermatological disorders, as well as a pioneer in the development of advanced X–ray systems for pre-clinical radiation biology research. The company is headquartered in the UK and has facilities in the Atlanta, Georgia, and also has a small office in Germany. The majority of its production is exported to over 25 countries. Xstrahl’s customers are mainly hospitals and laboratories.

The Purpose of the Role: Responsible for playing a key role in driving financial performance, profitability and decision-making across Xstrahl Group Holdings Ltd, Xstrahl Ltd, Xstrahl GmbH and Xstrahl Inc. The role is accountable for cash flow forecasting, management information reporting, financial planning and detailed profitability analysis. The role will develop and enhance the organisation's financial reporting capability, providing meaningful insights into system build costs, project profitability, margins and business performance. In addition, the role works closely with Operations, Sales and departmental managers, to ensure commercial decisions are supported by robust financial information and analysis.

Financial Planning & Analysis

• Own the Group's short, medium and long-term cash flow forecasting processes, driving continuous improvements in accuracy, visibility and reporting.
• Support the annual budget and periodic forecasting cycles.
• Develop financial models and scenario analyses to support business planning and decision making.
• Analyse performance against budget, forecast and prior year, providing clear explanations of variances and trends.
• Deliver proactive insight into revenue, margin, working capital and operational performance.

Management Reporting

• Produce and continuously enhance the monthly management information (MI) pack for senior leadership.
• Work closely with the Group Financial Controller, CFO and key stakeholders to develop meaningful KPIs and performance reporting.
• Prepare monthly variance analysis and commentary on financial and operational performance.
• Develop dashboards, reporting tools and visualisations to improve understanding of business performance.
• Ensure reporting is accurate, timely and provides actionable insight.

Costing & Profitability Analysis

• Lead detailed cost and margin analysis of system builds, projects and customer contracts.
• Work closely with Operations, Engineering, Supply Chain and Sales teams to ensure all direct and indirect costs are captured appropriately.
• Develop reporting to provide visibility of end-to-end contract profitability.
• Analyse product, customer and regional profitability, identifying trends and opportunities to improve performance.
• Support pricing reviews and business cases through robust financial analysis.
• Make recommendations to improve margins, operational efficiency and commercial performance.

Management Accounting

• Support the preparation of monthly management accounts.
• Prepare journals, accruals, prepayments and reconciliations as required.
• Review revenue recognition, cost of sales and gross margin performance.
• Assist with month-end, quarter-end and year-end close activities.
• Investigate variances and support the maintenance of strong financial controls.

Business Partnering

• Build effective relationships with departmental managers and budget holders across the business.
• Support operational and commercial decision making through insightful financial analysis.
• Challenge assumptions and provide robust financial recommendations.
• Promote financial awareness and accountability throughout the organisation.
• Act as a trusted finance partner to non-finance stakeholders.

Systems, Controls & Continuous Improvement

• Support the continued development and optimisation of SAP reporting capabilities.
• Identify opportunities to automate and streamline finance processes through improved system utilisation and advanced Excel modelling.
• Contribute to the enhancement of reporting frameworks, controls and procedures.
• Support finance improvement initiatives that enable scalability and business growth.
• Undertake ad hoc analysis and finance projects as required.
• Support the Finance team's objectives and wider business initiatives.
• Carry out any other reasonable duties commensurate with the level of the role.

Person Specification:

• Part-qualified CIMA, ACCA or ACA accountant, actively progressing towards completion.
• Relevant degree, accounting technician qualification or equivalent experience is desirable.
• Experience in management accounting, FP&A or a commercially focused finance role.
• Practical experience of management accounts, budgeting, forecasting, cash flow and variance analysis.
• Experience of costing, margin and profitability analysis in a manufacturing, engineering or project-based environment is desirable.
• Confident partnering with non-finance stakeholders and improving reports, controls or processes.
• Strong analytical and problem-solving skills with sound commercial judgement.
• Advanced Excel and financial modelling skills; SAP or similar ERP experience is desirable.
• Strong understanding of management accounting, financial controls, revenue, margins and working capital.
• Clear communicator, able to explain financial information to non-finance colleagues.

Personal Attributes

• Commercially curious, proactive and comfortable challenging assumptions.
• Collaborative, organised and able to manage competing deadlines.
• High standards of integrity, confidentiality and professional conduct.

This Job Description is intended to reflect and outline the duties of the position but due to the nature of the business and the position, the focus may change over time.