Interim Head of Reporting and Transactional Services

  • Location

    Portsmouth, Hampshire

  • Sector:

    Finance

  • Job type:

    Contract

  • Salary:

    £500 - £600 per day

  • Contact:

    Experis UK

  • Contact email:

    Gemma.Conreen@experis.co.uk

  • Job ref:

    BBBH130111_1606217814

  • Published:

    about 2 months ago

  • Duration:

    6 months

  • Expiry date:

    2020-11-29

  • Start date:

    ASAP

  • Client:

    #

Head of Reporting and Transactional Services

Up to £600 per day Ltd

6 month contract

Remote based / Portsmouth

SC Cleared

Reporting to the Finance Director and working with the Senior Management Team providing effective financial leadership and control of the business area and management of all aspects of financial performance within the scope of the role.

The Head of Finance - Reporting, will manage all aspects of Business Unit financial reporting and the line management of that team.

This will include:-

  • Responsibility for the provision of Sector and Group reporting on behalf of the Business Unit including monthly accounts, budgets, forecasts and strategic plans.
  • Ensuring that all financial data is assured, that relevant controls are in place to deliver financial information accurately, in an appropriate format and in a timely manner to Business Unit management team, Sector and Group.
  • Providing a financial support function that covers credit control, working capital management and provides technical advice.
  • The provision of statutory reporting e.g. statutory accounts, national statistics for relevant legal entities.
  • Own key stakeholder relationships with auditors, SSC, Sector and Group.
  • Leading and line management of the UK Aviation reporting team ensuring all PDRs and development plans are delivered and that the skills and capabilities of the team meet the business requirement.
  • Ensuring the service is delivered to meet or exceed the key performance indicators as referred in the Service Level Agreements (TBD).
  • Provide system administration e.g. the maintenance of SAP projects, management of the chart of accounts and coding structure, management of period and year end closure.
  • Ad hoc activities and reports as required.

Security Criteria to be achieved:

  • MOD SC Security clearance.
  • Other security clearances as contracts demand.

Key outputs/deliverables will be:

  • Responsible for the delivery of UK Aviation management accounts on a monthly basis including income statements, balance sheets, working capital, cash management and order book
  • Consolidation and presentation of UK Aviation results including relevant contract financial results, variance analysis and commentary whilst ensuring a timely review process is undertaken with the Finance Director
  • Responsible for the delivery of UK Aviation monthly reporting packs, strategic plan financials, budgets and forecasts
  • Ensure all external and internal audit issues are satisfactorily addressed during half year, interim and year-end audit.
  • Provision of year-end audit packs, tax packs and other Group reporting requirements.
  • Ensure working capital management is maximised and reported, with management of the credit control process as well as regular reviews with the business.
  • Ensure the weekly cash flow submission is reviewed and updated and reconciles to forecast/budget positions
  • Review and management of balance sheet reconciliations in respect of all Business Unit trading entities.
  • Ensure the records of financial control checks are maintained, stored and reviewed by the appropriate stakeholders.
  • Provision of internal timetables for the Business managing all major finance programmes e.g. budget, forecast, strategic plan and audits.
  • Provision of statutory reporting e.g. statutory accounts and national statistics.
  • Drive improvements to Business Processes, provision of associated work instructions and controls supporting Reporting.
  • Manage a finance team in terms of development, personal and professional development and overall performance
  • Provision of any ad-hoc Business Unit, Sector and Group reporting.
  • Support and get involved in across business/division initiatives and programmes e.g. ERP roll out

Main Accountabilities:

  • Primary point of contact for internal and external auditors in their review of contract performance and associated data
  • Assist where required in the implementation of new Group policies, changes in accounting policies where relevant and in ensuring adherence to internal controls
  • Ensure resilient controls, processes and reviews are in place to manage the financial resilience of the business in line with Financial and Governance Policy and customer's regulations and procedures
  • Ensure key financial controls are in place and operating effectively in all new operating systems and processes
  • Drive efficiencies to improve the service delivery of the reporting function to all stakeholders.
  • Ensure consistent application of Babcock Finance and Treasury policies across all contracts
  • Perform the role in line with the Group's corporate governance policies, processes and procedures including those relating to Health and Safety and IAMM
  • Support the Finance Director as required

Additional Key Accountabilities

  • Work in collaboration with other process owners to ensure the full end to end process is maintained as a consequence of any changes adopted.
  • Ensuring the Business Processes provide effective controls whilst meeting the demands of the business and any regulatory body.

Knowledge, Qualifications and Experience:

  • Recognised professional qualification. ACA/ACCA/ACMA
  • Sound numeric, analytical and technical skills
  • Ability to understand and manipulate data to present clear and concise financial messages for review.
  • Proactive planner and project manager
  • Anticipates and encourages change
  • Strong cross-functional networking and collaboration skills
  • Strong oral and written communicator
  • Leader and motivator of a professional team
  • Proven record of delivery against targets
  • Effective developer of internal and external relationships
  • Ability to ensure deadlines and targets are achieved or surpassed.
  • Ability to maintain knowledge of industry and regulatory standards
  • SAP, BPC, visualisation and database experience