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  • Job reference: RMS0144527

Finance Analyst

  • Sector: Commercial
  • Location: Crewe
  • Job type: Contract
  • Date posted: 07/07/2014
  • Time left:
    d h m s
    (14/07/14)
This vacancy has now expired.
The Company:
Is a leading Automotive manufacturer with a reputation for outstanding quality the world over. With demand increasing and an upturn in production, there is a need to bring further skills into the business to deliver on current and future projects.

The Role:
Main Purpose of the Role

- Preparation of accurate and timely Financial information and reporting both internally and externally including preparation of reports.
- Responsible for providing financial data analysis and variances against plan (e.g. budget forecast).
- Operation and co-ordination of local planning processes.
- Identification of risks and opportunities within plans and forecasts, proposing solutions to resolve.
- Budget holder review, support and challenge including education to ensure process efficiency.

Scope of the Role

1. Accurate and timely statutory financial information and reporting both internally and externally

a) Responsible for delivery of budgets, plans and forecasts data to internal timelines.
b) Responsible for accurate month end processing of ensuring adherence with International Financial Reporting Standards.
c) Responsible for the preparation and presentation of audit reconciliations to both External Auditors (PWC on a quarterly basis) and Internal Auditors.
d) Ensuring all new business activities are correctly setup in the SAP system to ensure accurate financial reporting.

2. Responsible for providing financial data for management

a) Analysis and variances against latest plan (e.g. budget forecast), with clear explanations of the reasons for variances.
b) Carry out frequent budget holder reviews, ensuring that the budget holder has full understanding of current and planned expenditure.
c) Identification of risks and opportunities and provision/suggestion of counter-measures to compensate for any risks.
d) Timely communication of any risk or deviations to the latest plan to senior management team of the individual functions and senior finance managers.

3. Operation and co-ordination of local planning, reforecasting and budgeting

a) Operation and co-ordination of local planning- reforecasting and budgeting including development and management of inputs from customers.
b) Align to business targets and challenge business areas to realise opportunities.

4. Business development

a) As detailed knowledge holder provide expertise for business decisions, checking the quality of the data in any proposal and using knowledge of the impact on other areas of finance and the business highlighting any areas of conflict.
b) Provide each function with support for business decision through activities E.g. Scenario modelling. Evaluation of outputs.
c) Propose alternative solutions from own knowledge and experience.

5. Budgetary Control

a) Responsible for ensuring effective authorisation of all expenditure within budget in line with company policy and legislation (tax and legal). Gatekeeper for the business.
b) Support business customers in budgetary management and control, ensuring risks and opportunities are identified and resolved.
c) Provide educational support to budget holders to support improved ways of working, adherence to process to support overall process efficiency.
d) Ensuring correct accounting regulations are followed in terms of taxable expenditure or capital v revenue expenditure.
e) Ensuring that appropriate financial transactions are recorded in SAP, in terms of monthly accruals and prepayments.
f) Carry out frequent budget holder reviews, ensuring that the budget holder has full understanding of current and planned expenditure, risks and opportunities to budget. Provide proposals to resolve.

Qualifications & Experience

- Qualifications Degree plus recognised accounting qualification (ACA, CIMA) or equivalent (MBA).
- Knowledge of financial accounting processes and skills, gained through hands on experience (systems, transactional processes) with an understanding of how business processes affect company financials.
- Up to 3 years experience working within a finance environment within manufacturing ideally within the automotive industry.
- Ability to process and understand the cause and impact of transactions.
- Ability to model data and produce business models and analysis to support decision making.
- Ability to effectively interface with areas of the business and present complex information to a variety of audiences.
- Proven track-record of effective working cross-functionally.
- IT skills - Advanced Excel plus Office.
- Experience of business planning tools e.g. Cognos.
- Extensive knowledge and experience of enterprise resource planning systems e.g. SAP.
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