Operational Finance Analyst

Job content

Job Description

Job Title: Operational Finance Analyst

Reports to: Operational Finance Business Partner

Location:Ledbury, Herefordshire or Nantwich, Cheshire - (Remote working currently in place)

Hours:37.5hrs per week (flexible, core hours 10am to 4pm)

Salary:Upto £30,000 per annum dependant on experience

Benefits:

Free Onsite Parking, 33 Days’ Holiday (rising with service), Company Contribution Pension, Company Shop (offering discounts on products), Discount on Bikes and Tech Scheme, Confidential Employee Assist Programme.

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company background

About Ornua

Ornua is a dairy co-operative which sells dairy products on behalf of its Member Co-ops; Ireland’s dairy processors and, in turn, Irish dairy farmers. It is Ireland’s largest exporter of Irish dairy products, exporting to 110 countries worldwide. Headquartered in Dublin, it has annualised sales of over €2.3 billion and a global team of 2,400 employees. Ornua operates from 10 business units worldwide, including 13 production facilities, and has sales and marketing teams working in-market across all four corners of the globe.

The Group is structured across two divisions: Ornua Foods and Ornua Ingredients.

Ornua Foods is responsible for the marketing and sales of Ornua’s consumer brands including Kerrygold, Dubliner, Pilgrims Choice, Forto and BEO. Markets are served by production facilities and in-market sales and marketing teams in Africa, Asia, Germany, Ireland, the UK, the rest of Europe, the Middle East and the US.

Ornua Ingredients is responsible for the procurement of Irish and non-Irish dairy products and for the sale of dairy ingredients to food manufacturing and foodservice customers across the world. Ornua Ingredients is also responsible for managing volatility through de-risking and trading strategies. The business is supported by production facilities in Saudi Arabia, Spain, the UK, the US and by in-market teams in Africa and the Middle East.

Growth for Good

Ornua is the home of Irish dairy. Our cooperative ethos is at the heart of who we are and how we do business. Our global success would not be possible without the close collaboration, care, and commitment of our 2,400 strong team. Ornua cares about building sustainable livelihoods for all our people, who in turn care about driving sustainable profits for our co-op members and the Irish dairy farming families we proudly represent.

Ornua 2025 is our strategic plan that will help realise our vision for growth in the next five years. It outlines what we will do well, what we will do with the profits we generate, and what additional services we will provide to our members. We will be guided by 3 guiding principles; focus, simplicity and adding value to our volume and we will clearly define what market we will play in.

Together, we will grow for good - creating value for our Irish farming families and for our 2,400 strong, committed, and proud global team.

The Role:

To assist the Operational BPs in Nantwich and Ledbury in helping to drive improvements in operational performance/efficiency, through providing data for the BPs to turn into insights and recommendations to the Operations teams. To provide the Operations BPs with timely and reliable data and management information, to help ensure that the overall site efficiency and "Cost to Supply" is optimally efficient/reduced.

Key Areas of Responsibility:

• Operational Reporting & KPIs
  • Produce manufacturing performance data and KPI reporting for the Operations Teams, ensuring accuracy and timeliness is achieved.
  • Utilising PowerBI for analysis and continue to develop appropriate relevant reports for in depth variance analysis.
  • Highlight variances to standard (Direct Labour, Distribution, Material Usage, etc) to the BPs so that they can provide insight to assist in resolution of issues.
  • Deputise for the BPs in attending the weekly Operations management meetings, giving insight into Finance KPIs as required where necessary.
  
  
• Inventory Management
  • Support physical Inventory stocktakes from a finance perspective, including providing financial oversight on periodic stocktakes, and reviewing reconciliations and adjustments.
  • Monthly review of engineering spares stock held, and update balance sheet postings.
  • Weekly reviews with Supply Chain, ensuring all inventory held at all 3PL locations is reconciled correctly.
  
  
• Operational Overheads
  • Produce monthly overhead reporting, highlighting variances to budget/forecast to enable the BPs to hold budget holder reviews to challenge cost and deliver in line with budget. Liaise with budget holders to ensure adherence to PO processes to facilitate accurate forecasting and timely posting of costs.
  
  
• Continuous Improvement
  • Tracking and validating CI project savings; ensuring visibility within reported results.
  • Continued development of factory floor understanding via time spent working and observing the factory floor processes.
  
  
• Bills of Materials and Costings
  • Responsible for BOM review and validation, re-costing BOMs in line with month end timetable, and as required for new items or changes.
  
  
• Month end / Flash (working to Month End timetable, as managed by Finance Manager)
  • Direct labour payroll postings and analysis.
  • Actual vs standard variance reconciliation to M3. Analysis of actual costs and variances by each cost component (Direct Labour, Distribution, Material Usage, Stock count adjustments, etc)
  • Maintenance of Fixed Asset Register and posting of depreciation charge, including physical verification.
  • Update capex files for committed expenditure.
  • Accruals and prepayments as required for operational cost centres.
  • Support with budget and forecast preparation.
  • Balance sheet reconciliations.
  • Support during internal and external audits.
  
  
• Ad hoc activities as required by the business.

Key requirements

• Experience in manufacturing and warehousing environments.
• Ability to analyse and interpret variances.
• Strong IT skills, particularly excel (incl. financial modelling), PowerBI.
• Strong ERP system experience, ideally M3
• Strong knowledge of product costing techniques and Bill of Material management
• Strong and effective communicator, ensuring strong inter departmental relationships.
• Proactively taking initiative, to ensure a "no surprise" environment.
• "Curious" mindset with a desire to understand the business performance and a willingness and confidence to challenge current working methods.
• Ability to work alongside non-finance staff.
• Open minded and eager to listen to others.
• Ability to reach tight deadlines.
• Flexible, resilient, and adaptable to change.
• Adopts high personal and professional standards.
• Strong analytical skills, good understanding of systems, processes and work-flows.

Key competencies

• WORKING TOGETHER:Encourages co-operation in own team and supports cross functional working.
• COMMUNICATIVE: Communicates confidently, adapting style for different situations.
• RIGOUR:For complex challenges or new areas, applies effective professional skill, analysis and decision making, and planning and reviewing.
• CURIOSITY: Encourages others to learn and demonstrates the courage to be creative