Consolidation and Financial Systems Specialist Finance - Smiths Detection

Consolidation and Financial Systems Specialist

Location:

United Kingdom

:

REF
3361R

Job Function:

Finance

Smiths Detection , part of
Smiths Group , is a global leader in threat detection and screening technologies for aviation, ports & borders, defense, and urban security. Our expertise is spread across 5 R&D centers, 21 Global Offices and 7 Manufacturing Sites with 3000 Brilliant minds globally contributing for over 40 years at the frontline which enables us to deliver the solutions needed to protect our society from any threat and illegal passage of explosives, prohibited weapons, contraband, toxic chemicals, and narcotics.

Every minute of every day, our technology and talented team members help to make the world a safer place -

We are open to this role being based at either HQ Hemel Hempstead or London Blackfriars

The individual will be part of the Business Solution team for the Division, in particular, the process owner and SME for the Division’s consolidation system (Onyx). They will ensure the process is suitable and continuously look for ways to improve and make it more efficient for monthly submission and consolidation. They will be the functional lead to steer and support to our local teams during submission (and other times) when required.

The individual will work closely with the Head of Business Solutions, the Divisional Financial Controller, the global finance team, and IT support teams.

• Process Ownership and Governance
  • Process Driver:
    Define the financial reporting consolidation mechanism, how the process and it provides the global deliverables, where the value lies for our internal customers, and hence what good should/could look like.
  • Business Engagement:
    Engaging key stakeholders who are responsible for, and are customers of the process today to understand pain points, areas of improvement etc.
  • Documentation and Standards: responsible for creation and maintenance of Process documentation, policies, controls, desktop procedures.
  • Governance:
    Put in place the right measures, metrics and review forums to manage the ongoing performance of the process. Create processes and controls to manage change requests. Manage and resolve divergences to standard process.
• Design and Improvements
  • Identifying source systems for manual data enhancements and improving mapping to eliminate the need for manual intervention in monthly and half yearly reporting including supplementary analysis.
  • Design and manage functional dimensions and maximise opportunity for appropriate granularity that is fully utilised and consistent across entities to harmonise reporting and all new accounts are properly populated (e.g. split of other payables/receivables, bonus analysis, full suite of KPIs), with any further enhancements, or developments identified.
  • Designing and implementing the strategic plan process into Onyx to improve quality of longer-term business plans and enabling scenario and what-if sensitivities.
  • Continuously identifying and implementing improvement opportunities to enhance Onyx and make process more efficient and easier for our entities. (e.g. speeding up consolidation time, rebuilding forms to make more user friendly)
  • Evaluation of all changes, including verification that there is no undesirable financial impact on the reporting, and the financial integrity of the consolidation system remains intact
  • Ensuring budgeting, forecasting and actual reporting is embedded across all entities, (using full benefit of approval and version control within Onyx) and ensuring maximum use of functionality available where applicable, including trend and driver-based planning, target setting and what-if analysis.
  • Reviewing the current reporting of KPIs in Onyx and analysis performed, with a view to identifying improvements and updating based on definition changes
• Over month end close
  • Being the SME for all Onyx related issues
  • Providing functional support to all entities across the Division over the month end period.
  • Supporting and resolving validation issues during the submission process, meaning entities submit monthly results in a timely manner
• Outside of month end close
  • Being the SME for all Onyx issues…