Commercial Finance Analyst

Elevation Recruitment
£30000 - £32000/annum Excellent Benefits
21 Jul 2017
20 Aug 2017
Contract Type
Full Time
Elevation Accountancy & Finance are currently recruiting for a well known manufacturing business which has gone through much positive and exciting change over the last 6 months. They boast multiple offices across the UK and this role will be based within their Sheffield offices, conveniently located offices just off the M1.

They currently have an exciting opportunity for a technically astute and systems oriented Commercial Finance Analyst to work along side the Commercial Finance Business Partner. This role will be mostly desk based and will be responsible for providing commercial analysis and reports in order to enhance the quality and integrity of data provided by the department.

Duties & Responsibilities:

* Accountable for the accurate monthly reporting (sales turnover, cost of sales, provisions calculation etc.) from source IT systems
* Check that sales cut-off is correctly reported over accounting period ends, including goods-delivered-not-invoiced accounts, inter-site transfers, matching of turnover and cost of sales entries and application of revenue recognition adjustment for goods-in-transit based on delivery incoterms.
* Maintain robust reconciliation procedures to ensure that deliveries, turnover and standard net margin have been accurately extracted from the source systems and that the totals in Sales Analysis and other systems can be reconciled to SAP Accounts Receivable ledger and to GRS / consolidated reporting totals.
* Prepare, post and reconcile provisions for sales rebates, carriage, freight, commissions, transport, customer claims, selling expenses, bad debts, cost adjustments etc. and ensure that balance sheet reconciliations are completed on a monthly basis for the related provision G/L accounts.
* Complete reporting for the stock revaluation / Buying Price Variance calculation, NRV provision, profit-in-stock calculations etc.
* Accountable for the business Sales Analysis data to check accurate reporting of commercial margins (within the constraints of the current costing systems).
* Produce a standardised Monthly Commercial Report, with agreed content including sales segment summaries, margin curves, top customers analysis, FX impact etc. Publish to an agreed timescale on a monthly basis and obtain feedback on use to continuously improve the report.
* Work with Business Partner Sectors and Forecasting to prepare rolling forecasts (EBIT and cash) and to agree and submit the Annual Plan budget. Ensure that the key drivers are understood and robust tracking is in place to understand variances to plan (including weekly Commercial Tracker).
* Assist with the design and application of business processes and internal controls and participate in external / internal audit and control & risk self-assessment.
* Take ownership of documented Standard Operating Procedures and implement cover to ensure that key tasks and reporting can be sustained in the event of absence from work.
* Line manage the Assistant Accountant Commercial, who is responsible for completing daily and weekly checks
* Support the Finance Business Partners with any in-depth analysis resulting from the Commercial Reporting and complete ad hoc projects or analysis as required by Finance Manager Commercial.
* Support and maintain a culture of continuous improvement and challenge ways of working where appropriate e.g. investigate and understand the root causes of any mistakes or errors experienced to ensure that the same issues are not repeated in subsequent months.

To be successful for this role you MUST have the following skills:

- Ideally you will be qualified or part qualified CIMA/ ACCA (although this is not essential to be considered for this role)
- Possess good reconciliation experience
- Strong analytical experience
- Advanced Excel Skills
- Proficient in report writing
- Strong communicator
- Flexible approach to work

The company promises to offer a clear and progressive career path for the right individual and the department is large enough to be able to provide good opportunity for advancement in the future.

If you meet the criteria for this role, and are interested in being put forward please do not hesitate to apply or contact me to discuss.

Elevation Accountancy & Finance focuses on the recruitment of talented Accountancy and Finance professionals across all levels, from entry level trainees through to post qualified accountants