Management Accountant : Planning & Forecasting

Employer
CKR Consultants Ltd
Location
UK
Salary
Competitive
Closing date
17 Aug 2021

Job Details

Management Accountant: Planning & Forecasting
£50,000 - £65,000 + Bonus + Benefits (12 Month Fixed Term Contract)
London

THE COMPANY
They are a highly regarded mid-size investment bank with over 250 employees providing a wide range of services within Equity Capital Markets. They have a commercial culture but are also highly collegiate and promote excellence in everything they do. They are now seeking to recruit an ambitious and technically sound individual for a 12 month fixed term contract.

THE SUCCESSFUL CANDIDATE
To be considered for this role, you should meet the following criteria:
  • Fully/part-qualified accountant ACCA, CIMA, ACA;
  • Good technical accounting knowledge and technical expertise to include budgeting, financial planning, forecasting, variance analysis,
  • Experience of Oracle Essbase and Hyperion Planning highly advantageous;
  • Attention to detail;
  • Highly numerate, strong academic background including good class of degree.
  • Proactive, commercially aware and strong communication skills;
  • Good analytical skills, problem solving capability;
  • Ability to work independently and effectively within a team.
  • Previous financial services experience would be advantageous but is not a pre-requisite.

THE ROLE
The Finance department comprising of 12 people covers a broad scope of financial planning, recording, controlling and reporting activities from transactional accounting through to the provision of analysis and forecasting for decision- making. The department supports senior management in exercising budgetary and financial control in pursuit of the company's strategic objectives. Reporting to the Management & Financial Reporting Manager, the role will include the following:
  • Maintain proper processes and procedures relating to the role.
  • Maintenance of reporting structures in Oracle Essbase / Hyperion Planning, and other reporting data sources.
  • Manage the budgeting process to include:

o Implementation of new budgeting system - Hyperion Planning (Ad-hoc project)
o Review the whole budgeting process including Management involvement and sign off.
  • Assist and enhance annual writing of the business plan (bi-annual refresh)
  • Variance analysis between budgeted, forecast and actual costs - Prepare enhanced variance analysis information to allow management to understand where the actual performance has differed from the budget.

o Quarterly forecasting - feeds into controllable cost reporting
o Review drivers - develop relevant drivers for each cost centre (currently these are defaulted to headcount. Other drivers such as time allocations maybe more relevant for some cost centres)
o Review strategies with business heads
o Feedback against actuals
  • Assist Senior Management and Financial accountant with the production of business line reporting with allocated costs schedules for all business lines and cost centres.
  • Set up regular meetings with business heads to discuss current performance and future forecasting requirements as part of quarterly forecasting.
  • Set up and enhance rolling forecast of the firm through collation of information from business heads.
  • Gain understanding in current reporting provided by finance the company.
  • Assist with various tax reporting such as quarterly VAT returns and PSA
  • Liaise with the corporate department in the production of corporate finance fee invoices.
  • Produce daily bank reconciliations for the non-trade accounts.
  • Ad-hoc project work,

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