Finance Manager - FP&A

Location: Woking, GB

Finance Manager – Financial Planning & Analysis

 

The Role:

 

As Finance Manager - Financial Planning & Analysis, you will play a pivotal role in the Finance Function and the overall business. You will bring a forward-thinking analytical mindset, exceptional financial modelling capabilities and a constant willingness to improve the accuracy of our financial planning, forecasting, reporting and analysis. You will report to the Senior Finance Manager – Planning, and you will be responsible for managing and developing one direct report.

 

A major role dynamic will be regular interaction and collaboration with several key functional and cross-functional stakeholders from analyst level to executive director level including regular contact with the CFO across the following key activities

  • Budgeting
  • Business Planning
  • Reforecasting
  • Scenario Analysis / Decision Support
  • Strategic Planning
  • Group consolidation

 

You will have the overarching responsibility for managing the business plan covering IS, BS and CF (both direct and indirect) whilst continually improving our FP&A business process.

 

You will be responsible for wholistic weekly/monthly EBITDA reforecasting and management, with all phasing and incremental variances to plan clearly tracked and well understood.

 

You will also be responsible for ensuring the balance sheet is actively reforested and managed to maintain highly accurate balance sheet integrity and control over balance sheet movement implications on both profit and cash.

 

You will work closely alongside the Finance Manager – Cash to ensure that cash is accurately planned for in the medium and long-term planning processes. It is essential that optimal cash flow and working capital management is achieved.

 

Financial planning timeframes can be categorised as follows:

  • Tactical
    • Immediate (1-30 days)
    • Short-term (8-12 weeks)
    • Medium-term (rolling 12 months)
  • Strategic
    • Long-term (1-10 years)

 

Principal accountabilities:

 

  • Budgeting. Responsible for coordinating the preparation of and critically analysing the annual Budget for McLaren Automotive Ltd. This will include the Profit and Loss, Balance Sheet and Cash Flow Statement (direct and indirect), as well as all supporting analysis which will broadly include the P&L by business function and a comprehensive Budget pack that will include but not be limited to; detailed carve outs of Budget assumptions, volume analysis, pricing analysis, detailed analysis of certain P&L areas and a detailed direct cash flow forecast. The plans must always be compliant with the latest UK financial reporting standards. Statutory and Commercial forecasting principles need to always be aligned with the Control and Cash teams’ principles.
     
  • Reforecasting.
    • Continuous short-term and long-term financial planning.
    • Produce a monthly re-forecasted financial plan that can clearly and accurately be benchmarked against the Budget P&L, BS and CF.
    • Produce a wholistic supporting financial analysis pack that clearly articulates key changes in detail where necessary, but always provides a clear EBITDA and Cash walk from budget to the latest view.
       
  • Working capital and profit management. Support McLaren Automotive Ltd’s culture of efficient and effective working capital management. Assess impact of change on working capital as well as profit i.e. maximise profitability and minimise funds tied up working capital.
     
  • Cash forecasting. Work in parallel with the Finance Manager – Cash to ensure that all short-term and long-term scenario planning is factored into all cashflow planning and management processes. Ensure that business planning integrates seamlessly with the cash management so that we can have a consistent and interpretable approach.
     
  • Business Partnering. You will be responsible for developing strong cross functional relationships that are firmly founded on trust and respect. You will continually drive a culture of team effectiveness through collaboration, transparency, story-telling, humility and respect. This will manifest in your delivery of scenario analysis and timely and accurate decision support to the business. It is critical that the big picture and wider implications of proposals / actions are always considered. For example, scenario analysis is flowed through the planning tool to assess the wholistic financial implications of an event / activity, then the short to long-term plan implications are then clearly articulated so that all financial and non-financial stakeholders can understand the results.
     
  • Continuous improvement. Continually review and improve the tool(s) and business process(es) that the business relies on for dynamic and prompt decision support.
     
  • Managing and developing one direct report. Provide guidance, goal setting, performance monitoring, weekly one-to-one meetings and coaching where required. Ensure adequate focus on personal and career development.

 

Personal attributes:

 

  • Solid understanding of, and expertise with, core accounting and financial management concepts and techniques
  • Attention to detail with the ability to actively track and manage complex financial plans
  • Passionate about problem solving, driving commercial results coupled with a desire to build a career in industry commercial finance / commercial management
  • Business partnering capability (stakeholder engagement, relationship management, team working)
  • Senior stakeholder engagement and relationship management capability (internal and external)
  • Excellent communicator both written and verbally, with a strong ability to distil complex information succinctly
  • Collaboration - an ability to take others with you by way of effective storytelling, humility and understanding your counterpart’s position. Always ensuring results are achieved by working with others effectively
  • Proactive with a relentless drive towards target achievement, problem solving and continuous improvement
  • Self-starter, self-motivated and someone that always uses their own initiative when prioritising and delivering results, ensuring that nothing slips through the net
  • Able to work in challenging / very demanding conditions and willing to flex with the business’ demands

 

Knowledge, skills & experience:

 

  • Very strong finance, economics or STEM degree qualification (preferred)
  • CIMA, ACA or ACCA fully qualified, minimum 2 years post qualification experience
  • Cash forecasting and analytics experience with a strong understanding of the difference between cash and accrual accounting
  • Working knowledge of tier 1 ERP systems such as Oracle or SAP
  • Track record of developing and maintaining strong relationships with all levels within the business
  • Advanced excel and financial modelling skills, comfortable working with large datasets and complex information coming from multiple sources (essential)
  • Experience with Power Query and M Code, whilst not essential coming in, will be critical in successfully managing and continually improving the FP&A management tools and processes. Therefore, any experience with database management systems such as SQL server and knowledge of Database Normalisation would be beneficial
  • Demonstrable business process design competence