Senior FP&A Analyst; FTC

Position: Senior FP&A Analyst (15 month FTC)
Location: Biggin Hill

What You’ll Be Doing

As a Senior FP&A Analyst, you’ll play a key role in financial control, planning, and reporting for various divisions of Formula
1. Your responsibilities will include:

Main duties and responsibilities

• Preparation of annual budgets and quarterly reforecasts.
• Internal reporting to various stakeholders.
• Controlling expenditure and ensuring that it is incurred in line with approved budgets/forecasts.
• Analysing and investigating variances between actual and forecast/budgeted expenditure.
• Working closely with and supporting the Head of Finance, M&TC, and liaising with stakeholders across M&TC.
• Reviewing and seeking to enhance existing financial processes and procedures.
• Evaluating and advising on the financial implications of potential projects and investment decisions.

More specifically....

Annual budgeting

• Contributing to the preparation of the consolidated annual budget and cash flow forecast for the Group.
• Assisting with writing the Group Budget management report.
• Reviewing departmental budget submissions, ensuring any discrepancies are resolved by liaising with the preparer and discussing with the budget holder/manager.
• Updating the GL with budget data.
• Liaising with and supporting staff in preparing their budgets.
• Ensuring a seamless transition to new fiscal years, including updating the Chart of Accounts, maintaining the new year’s codes in the GL and Procurement systems, closing down previous year’s codes and rolling forward the various financial reports.

Quarterly re-forecasting

• Assisting with production of the Group’s reforecasts based on most current information available.
• Assisting with writing the Group Reforecast management reports.
• Reviewing departmental submissions, ensuring any discrepancies are resolved by liaising with the preparer
• Updating the GL with forecast data.

Month-end tasks

• Completing various elements of the month end process, including analysing and investigating variances to forecast and budget, calculating month-end adjustments and reviewing activity for potential mis-postings or mistimed transactions.

Regular management reporting

• Assisting with the population of reports issued to various managers across M&TC.
• Meeting with managers to discuss performance.

Ongoing support

• Working closely with staff across M&TC to ensure that their information and control needs are being met.

Analysis and review

• Analysing Group and divisional budgets and forecasts against prior year / quarter.
• Preparation of financial reports and presentation thereof to senior management.
• Investigating/identifying improvements to financial reports on an ongoing basis.

Ad Hoc

• Provision of specific financial information to senior management.
• Ad hoc team project and development work.

Other

• The position is located at Formula 1’s Media & Technology Centre in Biggin Hill.
• Occasional attendance at Formula 1’s head office in London’s West End may be required.
• The role is predominantly office based with the option for limited home working.

What We’re Looking For Qualifications

• Recently CIMA qualified
• History of excellent academic achievement
• Strong academic background and degree from a well-regarded university

Experience

• Budget and forecast preparation
• Experience of analysing actual financial performance against budgets and forecasts and providing meaningful and insightful related reporting
• Stable employment history

Knowledge & Skills

• Good analytical and financial reporting skills and attention to detail
• A solid foundation of basic accountancy skills including an understanding of generally accepted accounting principles.
• Advanced MS Excel skills
• Ability to support and build relationships with colleagues and stakeholders
• Desirable:
• Experience with Power BI and/or Power Query
• Ability to leverage emerging technologies for collaboration

Personal Qualities

• Hard-working and able to commit to wider team objectives/deliverables which might mean working to tight deadlines
• Good oral and written communication skills
• The ability to work collaboratively with key stakeholders at various levels within the organisation
• Excellent attention to detail
• Able to take direction, work as part of a team or on their own, at times demonstrating initiative where required

Please…