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Head of Financial Planning and Analysis

Employer
System1
Location
UK
Salary
Competitive
Closing date
26 Jun 2022

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Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
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System1 is an internationally renowned MarTech decision making platform business that evolved from a specialist Market Research business. AIM Listed since 2007, and with 10 Global Offices and over 150 employees, System1 is now set to deliver the next phase of its growth strategy.

We help hundreds of household-name customers measure and understand the effectiveness of their marketing. Predictive technology is our passion, but our focus is very much human. We understand the power of emotion and capture the nuances of human behaviour to power data-driven decisions. We want to drive change and rewire behaviours, envisioning a world where our pioneering methodologies are embedded in the workflows of every marketing decision-maker. We are also who we are because of our people. Join the System1 team to help us remove the guesswork for marketeers everywhere and secure our growth success.

The Opportunity

We are looking for a talented and experienced Head of Financial Planning and Analysis to join the Finance Department of our Global Market Research business, nurturing our colleagues, engaging advisors - and driving our ambitious growth plans going forward.

This high-profile role is based in Central London, reports directly to the Group CFO and oversees one headcount. The Head of FP&A will be a member of the central department leadership, attend the weekly operations leadership meeting, and be a face of finance to the rest of the business.

What will you be doing?

Profit analysis and strategic planning
  • Identifying issues and proposing solutions/ideas on how we can improve financial performance, including gap closure actions.

o Understanding how and where we make money (segmental analysis)

o Understanding how and why outturns differ from the plan (causal factor variance analysis)

o Making the group understand their margins, looking at product pricing

o Risk and opportunities analysis

o Identifying cost efficiencies (e.g.: procurement)
  • Working with Commercial, Operational and Central department heads to drive performance against agreed metrics and targets
  • Lead complex financial modelling and corporate analysis including monthly Board and Exec reports and all external reporting
  • Identify and implement changes to improve efficiency and effectiveness of operational decision making via simplification and automation


Financial Management
  • Oversight of full revenue cycle, ensuring completion of sales team admin such as new clients and project activations from Finance's POV, liaising with Commercial Chief of Staff and other business partners for timely billing and credit control
  • Decentralising financial information while coaching peers (business partnering and within finance) how to interpret this information
  • Business Partnering with the rest of the business: the "face of finance"
  • Pricing strategies of existing and new products and tiers. Working with sales to model pricing strategies on all products and monitor their trends
  • Promote profitable selling by ensuring sales leaders understand their full costs


Team
  • Will be supervising a junior semi-qualified/newly qualified management accountant direct report. Must have good coaching skills and mentoring in all facets of FP&A
  • Works really closely with financial reporting to ensure that the monthly reporting and month-end cycle is smooth and as seamless as possible


You need to be this kind of person:
  • Laser-focused on establishing performance facts
  • Passionate about improving performance and making a difference
  • Clear and convincing communicator
  • Happy to "muck-in" if colleagues need help
  • Courageous - willing to highlight bad news when needed including to Execs where appropriate
  • Clear thinker with high integrity
  • Understands the balance between a commercial/practical mindset and finance data integrity and governance


You need to have the following experience:
  • 3+ years of Financial Planning and Analysis experience, especially in:
  • Budgeting and regular forecasting of revenue and departmental expenditure budgets
  • Analysis and explanation of variances in performance versus budget and prior year
  • KPI-led performance metrics
  • Working with budget holders to set budgets/forecasts and review performance
  • Evaluating business cases (expenditure more than capital)
  • Recommending actions that will improve profit/cashflow/performance
  • Identifying and investigating/resolving anomalies in reported figures
  • CIMA/ACA/ACCA/MBA strongly preferred
  • Exposure to C-suite management preferred
  • Working knowledge of PowerBI and Microsoft D365 preferred. Proficiency in PowerBI languages like DAX is a significant plus
  • Advanced proficiency in Excel and working knowledge of PowerPoint
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