Job Description

The role will be focused on providing financial support to the contract operations, through preparation of detailed forecasts and reporting along with variance analysis to assist management make strategic decisions. The role also supports the pricing of organic growth, management of cash, Balance Sheets, Order book and contract risks and opportunities as well as adhoc projects for the business.

• Monthly reconciliation of order book for relevant contracts
• Preparation and collation of financial information for contract review documents, and presentation of information at these monthly reviews, addressing outputs (e.g. risk register changes) as part of contract financial models
• Preparation of contract estimated actual costs of completion (EAC’s)
• Completion of Balance Sheet reconciliations for all relevant contracts
• Preparation of short term cash forecasts, including working capital analysis and basis of WIP calculations
• Presentation of financial information for management accounts, forecasts, budgets, strategic plan etc.
• Perform the role in line with the Group’s corporate governance policies, processes and procedures including those relating to Health and Safety and IAMM
• Review and ensure customer billing is in line with contract. Provide support and direction to resolve issues as required.
• Maintain and deploy the Delegation of Authority in line with policy.
• Prepare and collate information required for customer review.
• One off financial projects as and when they occur.
• Support the contracts with strong forecast organic growth and provide adhoc support to other bids.
• To own and manage detailed financial models for each relevant contract, updating for budget & forecast processes, including balance sheet assumptions, and ensuring the financial integrity of these models
• To produce detailed contract reporting and support contract managers to understand variances and make effective decisions based on this information
• To provide financial input into the month end process for each relevant contract, preparing journal inputs and balance sheet reconciliations for key balance sheet accounts as appropriate
• To provide detailed variance analysis for contract movements, including variances against budget, forecast and monthly fluctuations, driving and owning the financial performance within relevant contracts
• To support bids and rebids where appropriate, and assume responsibility for integrity of financial data used in bid models and submissions (at all stages of the bid process), ensuring compliance with Group bid policies at all times
• Processing contract change requests in terms of finance input and sign-off, working closely with commercial and operational colleagues
• Act as primary finance owner of:
• Fixed assets, including governance over authorizations for additional capex
• Stocks, including all appropriate controls in line with Group policy framework
• Preparation of business cases for all operational expenditure of material value
• Financial input and support into new contract implementations
• Maximization of income and cash generation across contracts and the wider Business Stream
• Act as primary contact for customer and contract manager where financial queries arise (including internal customers, e.g. Group Reporting or Transactions teams)
• Provide second line support for cash collection on assigned contracts (first line support provided by Transactions team)
• Primary point of contact for internal and external auditors in their review of contract performance and associated data
• Assist where required in the implementation of new Group policies, changes in accounting policies where relevant to assigned contracts, and in ensuring adherence to internal controls
• Ensure key financial controls are in place and operating effectively in all new operating systems and processes and drive process improvements across the contracts
• Assist where required to provide information for customers, e.g.:
• Production and maintenance of gain share calculations
  Operational modelling support to contracts
  Production of customer accounts as required

Required Knowledge, Skills, and Abilities

• Recognized professional qualification (ACA, ACCA, ACMA)
• Ability to understand and manipulate data to present clear and concise financial messages for review.
• Ability to ensure deadlines and targets are achieved or surpassed.
• Ability to maintain knowledge of industry and regulatory standards
• Extensive experience in the use of Microsoft Office 2010 suite of applications including Excel, PowerPoint, Word, Visio and Outlook.
• Experience of Finance IT applications (e.g. Navision, IFS, SAP etc.)
• Effective matrix management of the customers of the service and the other functional units.
• Ability to work with minimum supervision.
• Ability to engage effectively with all Business Unit stakeholders.