About The Role
The aim of the Finance team at Claranet is to provide expert financial advisory and support services to the business underpinned by an effective control environment. This falls into three key areas: (1) Financial Business Services: Production of reporting to support and influence business decision making and overall management of the bi-annual Business Planning process; (2) Corporate Services: Development and management of an appropriate governance and risk management framework and the provision of information for Group Finance; (3) Financial Shared Services: Efficient provision of transactional and administrative business processes including related system development and stewardship of core data quality.
The Finance function is a professional environment and consists of the following functions; Financial & Management Accounting, Business Partnering, Credit Control, Sales Support, Cancellations, Legal, Procurement & Compliance. The majority of the UK finance function is based in Gloucester although we have members of the team in London, Warrington and Leeds as well as some homeworkers.
We are passionate and driven team with a vision to provide a high-level of service to the organisation.
Essential duties & responsibilities
This role is within the management accounts team and reports to the Senior Management Accountant. The management accounts team is responsible for the timely & accurate preparation of the monthly management accounts and related reporting, revenue and cost assurance activities and elements of the preparation of budgets and half yearly forecasts.
The key priorities for the role are:
Assisting the Senior Management Accountant to reconcile and review all revenue by type and Business Unit, comparing where required to Budget, Install Base or Key Performance Indicators
Ensuring the matching concept is upheld where required by ensuring revenue and corresponding costs are recognised together
Liaising with the wider billing team to address any issues should they arise
Running reports to accurately ascertain accruals to be posted
Working with the Assistant Financial Accountant to reconcile and agree closing intercompany balances with other Claranet Group companies and following up and resolving any issues as they arise
Completing the Group Operations P&L, ensuring that variances between actual and budget are understood
Completing the Facilities cost analysis and their performance compared to budget
Providing month end reporting to the Group Finance team and/or COO to aid their understanding of the key drivers of performance in the month. This includes providing consolidated Group Operations reporting for the UK and PT entities
Completing the monthly Prophix Group Operations reportingReporting
Time recording for Group Operations, ensuring that time recording information is updated each month and that the amounts recorded as capitalised staff costs in Group Operations are fully supportable
Accurately determine billing for more complex customers and raise invoices as appropriate
Other ad hoc reporting and analysis as directed by the Senior Management Accountant or Financial ControllerBudgeting
Taking a lead role in the preparation of the Facilities budget, liaising with the Facilities Manager in ensuring staff needs are met whilst keeping costs under control.
Taking a lead role in the preparation of the Group Operations budget including discussion with heads of department around key budgeting assumptions
Preparing the monthly recharge budget and liaising with the group finance team to share across the group countriesIntercompany
Responsible for administering the monthly Group Operations recharge process. This includes raising monthly recharge invoices to other group companies, ensuring invoices are paid and payments allocated correctly, following up and resolving queries raised by other countries and ensuring that variances between actual and budget are understood
Responsible for administering the recharge process for payments made by the UK on behalf of the group (including but not limited to Insight, Softcat & AWS). This includes working with the UK Accounts Payable team to ensure supplier invoices are processed and paid in a timely manner, raising the monthly recharge invoices, following up and resolving queries raised by other countries and ensuring that variances between actual and budget are understood
Being the primary point of contact for other ad hoc intercompany transactions, as and when they arise, ensuring the correct recharge process is followed across the group
Working with UK and Group Operations teams to review all supplier spend to determine whether additional recharges should be put in placeOther
Involvement in ad hoc projects (for example system migrations, one off investigations)
Supporting the procurement team in identifying and implementing group procurement opportunities
Involvement in group finance initiatives as required
Involvement in the annual audit process as requiredAbout The Candidate
ACA / ACCA / CIMA part-qualified (and a keen desire to complete the qualification)
Fully AAT Qualified is an acceptable alternative, with a desire to complete CIMA
Strong Microsoft Excel skills (Pivot Tables, Sumifs, H/V/XLookups, Index/Match etc)
Strong communicator - written and oral
A highly driven and energetic individual
Ability to critically evaluate processes, finding and implementing ways to improve them
Ability to build relationships with individuals at all levels of the organisation
Ability to work autonomously and prioritise workload in alignment with the business needs
Proactive team player with the confidence to gain credibility across the business
A quick learner, able to pick up using multiple new systems Desirable:
Experience of working in a commercial or Information Technology driven business of similar size (revenues of £100m+)
IFRS reporting experience
Experience with Microsoft-based accounting software (preferably F&O)
Experience dealing with and reporting for both group and subsidiary companies
Degree level academic backgroundAbout The Company
Claranet combine pioneering technologies, practices, and expertise to propel our customers ambitions. Through a vibrant customer centric culture of collaboration, learning, and opportunity, we nurture a dynamic community of the best technology and service expertise spanning hybrid cloud, cybersecurity, networks, and unified communications.
Founded in 1996, Claranet has evolved into a multi-disciplinary technology services provider with global reach. The company has annualised revenues of circa £350 million, over 6,500 customers, and more than 2,000 employees in nine countries. In the UK we have over 500 staff working in London, Gloucester, Warrington, Bristol, and Leeds, or as homeworkers.
Claranet consistently appears in The Sunday Times Top Track 250 as one of the fastest growing privately-owned businesses in the UK. Our international success is driven by local service, out of local offices, using a mixture of local and international infrastructure, including hyperscaler clouds