Finance Analyst

Location: Woking, GB

Finance Analyst

Permanent 

No restraints. No limitations. We don’t simply push boundaries. We completely rethink them. McLaren Automotive exists to create breath-taking performance road cars.

 

With innovation at the core of all we do, every challenge starts with the same question. How can we do it better? This restless spirit runs right through McLaren Automotive. And the search for perfection is evident in everything we do.

 

To ensure McLaren Automotive continues its desire to be “the sportscar company”, we are looking for a Finance Analyst to join the finance team.

 

Principal Accountabilities:

  • Daily multi-currency bank reconciliations across all the companies in the McLaren Automotive Group:
    • Allocating all outbound cash
    • Allocating all treasury FX transactions
    • Weekly actualising of the cash flow for treasury
    • Month end bank reconciliations ensuring that everything is posted and able to close WD1
  • Supplier, Customer & Internal Payment Runs
  • Payment run preparation & analysis                     
    • Preparation of the bi-monthly payment runs and provide support to the procurement and regional teams to ensure suppliers/customers are all set up for on time settlement
    • Provide the control finance director with the full payment proposal including aggregated summary analysis ahead of issuing to the CEO for approval
  • Bi-monthly payment proposal:
    • Ensuring all payment files are set up and released on time
    • Dealing with any payment run related queries
  • Daily manual request processing
    • Process all manual payment requests ensuring proper process is followed
    • All payment requests are processed and communicated to treasury
  • Weekly Receivables & Finished Goods Financing:
    • Prepare the drawdown and supporting analysis, and coordinate the drawdown process each week ensuring it is submitted on time
    • Ensure that the financial system data and other related financial models and files are maintained on a daily / weekly basis
    • Prepare weekly debt repayment analysis and ensure repayments are set up and made on time.
    • Liaising with the bank and insurance partners to ensure facility utilisation alignment and resolve facility maintenance queries
  • Receivables & Finished Goods Finance Limit Listing
    • Liaise with internal stakeholders and insurance partner to set dealer limits in principle & actual limits when new dealers onboard
    • Liaise with insurance partner to ensure dealer financial reviews & limit maintenance runs smoothly
  • Month end bank/cash flow tracking & analysis
    • Maintenance and management of the bank tracker model
  • Analytical support
    • Bank GL analysis
    • Supplier/customer payment analysis
    • Daily bank account transaction analysis
  • Prepare the VAT return each month for review by the tax manager.
  • Maintaining the credit card inbox, managing new credit card requests or any other queries

 

Personal Attributes:

  • Proactive self-starter, naturally self-motivated to get things done on own accord
  • Passionate about solving problems
  • Very strong attention to detail
  • Trustworthy with a good understanding of confidentiality and an ability to be discrete with sensitive information
  • Comfortable with engaging people across all levels of seniority from diverse backgrounds and walks of life, consistently. Team collaboration is essential…
  • Strong team player, with a strong understanding of what it means to work with others collaboratively and transparently with humility and without competing with your peers

 

Knowledge, Skills and Experience:

  • Strong GCSEs, A-Levels and degree level qualification (desired)
  • AAT qualified / CIMA, ACA or ACCA part-qualified (desired)
  • Experience within a finance function (desired)
  • Able to remain focused and successfully set up large volumes of payments without any errors
  • Strong Excel and IT skills with an interest in financial modelling and working with large complex data sets
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We recognise that we can only achieve our vision with the dedication and collaboration of our world class employees.  It is our aim to become the employer of choice within the global automotive industry.