Finance Analyst

Recruiter
Recruiterlink Limited
Location
Romford, UK
Salary
Competitive
Posted
21 Oct 2019
Closes
24 Oct 2019
Ref
1290976005
Job Role
Finance Analyst
Contract Type
Permanent
Hours
Full-time
Level of qualification
Newly qualified, Qualified
Finance Analyst Full Time Romford £30,000 - £35,000 a year MAIN PURPOSE AND SCOPE OF THE JOB Responsible for providing day-to-day financial analysis and support to management on the trading activities of the company to ensure that unplanned or unexpected events are highlighted, and provide support to management in identifying and quantifying opportunities and initiatives to improve financial performance. DUTIES AND KEY RESPONSIBILITIES Financial analysis Carry out ongoing and adhoc analysis of the trading activities of the company basedon agreed KPIs to ensure that unplanned or unexpected indicators are communicated to management on a timely basis. Maintain an analysis of key cost headings and liaise with management as required to understand the reason for any unusual or unplanned items or budget variances. Maintain a review of project costs and outcomes (capital expenditure projects and trading initiatives) to help ensure planned outcomes are achieved. In conjunction with the Finance Director carry out ad-hoc analysis as requested bythe business and senior managers. Month end Prepare month end journals for approval relating to Open GI period control reports and ensure the reconciliation of the information to other source data. Prepare accruals and prepayments for income and revenue in accordance with the month end financial checklist and timetable, including accruals for aggregator costs and finance income, to ensure that the income and costs reported for the month are a fair reflection of trading during the month. Carry out a detailed review of the monthly P&L to agreed timetable to ensure the integrity of the monthly accounts to be reported. Reporting Prepare the weekly trading update for review and approval ensuring that the trading update prepared has been reconciled to supporting data. In conjunction with the Finance Director prepare the monthly finance reporting pack to agreed timetable ensuring in particular that the information sourced from operational systems is accurate, complete and consistent with other data reported. Prepare detailed monthly cost analysis and other information for key managers and budget holders to ensure that they are supported to ensure that they achieve their agreed budgets or forecasts. In conjunction with the Finance Director maintain information and analysis to assist in the preparation of detailed cash flow forecasts. Budgets and forecasts In conjunction with the Finance Director ensure that the company maintains a detailed rolling trading forecast for the financial year which reflects the KPIs as reported and tracked through the finance reporting pack and trading updates. In conjunction with the Finance Director prepare a detailed and robust trading and financial budget for following financial period reflecting trading KPIs and departmental objectives for the following year. Discuss initial budget proposals with departmental managers in arriving at departmental budgets. Year end Provide additional analysis and reconciliations as requested at the financial year end of the company to ensure the timely and accurate finalisation of the P&L and balance sheet of the company. In conjunction with the Finance Director, provide support and information as required on a timely basis to support the external audit of the financial accounting records of the company. CRITERIA SKILLS AND ABILITIES Highly analytical approach to work Excellent numeracy skills and sound technical skills Excellent skills and ability to work with large amounts of financial and operational data Problem-solving skills and initiative Strong attention to detail and an investigative nature Ability to balance work demands Ability to prioritise Ability to work as part of a team and to build strong working relationships Excellent IT skills EXPERIENCE Previous experience within a management accounts or Financial Planning & Analysis team Experience of the Xero accounting system and/or Open GI would be an advantage KNOWLEDGE AAT or CIMA qualified or substantial progress towards qualification Previous accounting experience within the Insurance sector would be highly desirable PERSONAL ATTRIBUTES AND OTHER REQUIREMENTS Be a good team worker demonstrating loyalty and commitment to the organisation and colleagues Ability to communicate well with senior managers Analytical and enquiring mind set Experience: Management Accounts or Financial Planning & Analysis Team: 1 year (Required) Xero and/or Open GI: 1 year (Preferred) By applying for this role you accept the Jobzooma terms and conditions that can be found on our website and agree to receive email notification of other suitable jobs

Similar jobs

Similar jobs