Corporate Finance Analyst

Recruiter
Single Source Regulations Office
Location
City Of London
Salary
In the region of £50,000
Posted
21 Apr 2017
Closes
20 May 2017
Sector
Public Sector
Contract Type
Permanent
Hours
Full Time
An exciting opportunity for a Corporate Finance Analyst has arisen within the team at the Single Source Regulations Office - the body tasked with regulating the UK government's 'single source', or non-competitive, procurement of military goods, works and services.

A message from Marcine Waterman, Chief Executive of the SSRO:

"Thank you for your interest in the SSRO.

Working for the SSRO makes a difference. We are a young organisation with an important role to play - assuring value, and building confidence.

As the independent regulator of the UK government's procurement of non-competed military goods, works and services, we oversee public spending on a large scale. Single source procurement represents around 55 per cent of new MOD contracts and the MOD spent approximately £9 billion on these contracts in 2015/16.

Assuring value: We provide assurance that the single source procurement regime is credible, transparent and provides value for money for the taxpayer in the absence of competition.

Building confidence: As the independent regulator and expert on single source procurement, our work builds confidence in non-competitive procurement, from:

- Defence contractors, who will receive clear guidance on Allowable Costs, a fair profit and an expert third-party view.
- Our armed forces, who are entitled to receive the operational capability they need, on time and to budget.
- Taxpayers, who will benefit from appropriate transparency on costs and assurance that their money is being spent appropriately and effectively.

By working for the SSRO you will be an important part of a dynamic organisation. Our staff have a range of professional skills, and include accountants, merchant bankers, analysts, economists, researchers and military experts.

Through the work of the Analysis and Reporting Directorate, we want the SSRO to be fully engaged and considered to be the trusted go-to source on the analysis of the data that we collect. We are well placed and willing to provide useful information to the MOD and the tax payer including data analysis and benchmarking regarding a range of single source contracting issues such as contracting methods, direct and indirect costs, and profits.

Your work will directly contribute to the SSRO's two aims. The first is to ensure that good value for money is obtained for the UK taxpayer in MOD expenditure on qualifying defence contracts (QDCs). The regime has the potential to deliver significant savings, which can be reinvested elsewhere in defence.

The SSRO's second aim is to ensure that single source suppliers are paid a fair and reasonable price under QDCs. The regime can help to foster a more efficient and productive defence industry, incentivised to control costs by innovating and so becoming better able to compete for exports, thus contributing to greater UK economic prosperity.

Meeting these aims is a significant challenge. It requires a motivated team with the right blend of skills and experience, and a positive attitude to get the job done. We would like to hear from you, and I encourage you to apply."

What will I be doing?

We are currently recruiting for a Corporate Finance Analyst. You will be an integral member of the Analysis and Reporting team, delivering evidence-based analysis in support of the SSRO's work. The SSRO's undertakes analytical work, drawing on a wide range of data sources, that supports the calculation of the profit rate which applies to single source defence contracts, as well as allowing the SSRO to monitor and respond to the impact of the single source procurement regime on the MOD and its contractors. The post-holder will be expected to apply insights from the field of corporate finance to enhance the SSRO's work in these areas.

To succeed in this role, you will have a background in analysis specialising in corporate finance. Your skills are likely to have been gained in providing analytical support to mergers and acquisitions, due diligence, financial and strategic assessments, company valuations or corporate finance activities in the public sector. You will be able to gather, analyse and interpret data, using a range of quantitative and qualitative methods, and present findings clearly and succinctly, including at Board level. You will have a track record of working successfully in complex, dynamic and sometimes fast-paced environments, delivering projects on time and within budget. You will also have experience of working appropriately with data that is confidential or commercially sensitive in nature.

Responsibilities

- Apply your knowledge of corporate finance to the SSRO's activities and advising on the impact of proposals and recommendations made to senior colleagues and government ministers. This will involve:

- - Applying your knowledge to analysing the profitability and performance of a range of UK and international companies;
- - Tracking the financial performance and the capital market's view of the UK and international defence sector;

- Undertake corporate finance analysis that brings insight to a wide range of projects including:

- - the SSRO's recommendation to the Secretary of State for Defence of a baseline profit rate for non-competitively sourced defence contracts; and
- - the SSRO's programme of studies on aspects of current practice in defence contracting;
- - analysing costs included in contracts to identify trends and opportunities to improve value for money.

- Gather, analyse and interpret data, using a range of quantitative. Data sources include:

- - benchmarking data provided to the SSRO in reports from industry and/or the MOD;
- - contract case studies;
- - data services such as Bloomberg, Orbis and other public sources; and
- - academic or specialist input.

- Draft briefings and reports in a language and style that conveys technical information in a way that is easy for non-technical audiences to comprehend.
- Provide the SSRO with expertise in corporate finance issues and contextualising key research activities within a wider corporate finance framework.
- Provide effective and appropriate oral interpretation of analysis to colleagues and stakeholders.
- Promote the good use of quantitative and qualitative data and analysis across the SSRO including:

- - providing rapid analysis of data for speeches and briefings; and
- - support colleagues from other specialism in the application of sophisticated data analysis techniques that provide insight.

- Promote the SSRO's values.

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What skills do I need to be effective in this role?

Person specification

Essential

- Demonstrable evidence of technical experience in corporate finance, such as a relevant degree, other postgraduate related qualification, a professional qualification (e.g. CISI Corporate Finance Certificate or Diploma, CFA) or qualified by experience gained in an advisory capacity.
- A strong track record in being able to gather, manipulate, analyse and interpret financial data and market indicators to draw conclusions on company and sector performance.
- Has an in-depth theoretical and empirical knowledge of the principles of corporate finance, with a demonstrable background in using financial data to inform strategic corporate decision-making;
- Able to draft high quality written work in a language and style that conveys technical information in a way that is easy for non-technical audiences to comprehend.
- Proven ability to communicate effectively with colleagues and stakeholders (including at senior level) in a non-technical manner with credibility and authority, conveying the relevance and impact of corporate finance concepts.
- Flexibility to apply your corporate finance skills across a range of topics and outputs and work co-operatively and collaboratively as part of a team.
- Excellent time and resource management skills to ensure that work is delivered to time and quality standards, with a high level of accuracy and attention to detail, and a good team player.Desirable
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- Strong grasp of financial reporting and analysis, including UK GAAP including FRS 102 and IFRS, and the concepts that underlie the preparation and presentation of company financial statements.
- Experience of handling sensitive data (commercial, government, intelligence or military).
- Working with data services such as Bloomberg.
- Experience in transfer pricing, transaction services or due diligence.Applying for the positionTo be considered, please submit:
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- A covering letter clearly explaining using suitable examples how you meet the essential and desirable criteria as outlined in the person specification (no more than 2 sides of A4 paper); and

- Your CV (no more than 2 sides of A4 paper) setting out your qualifications and experience. This should clearly include the accountancy body (bodies) of which you are a member, or equivalent experience.
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Applications that do NOT contain a covering letter will be rejected. Applications in excess of the size guidelines will not be considered.