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(AB) Assistant Finance Manager

(AB) Assistant Finance Manager (15250962/001) London, England

SUMMARY
A 15 month maternity leave secondment is available to cover the Assistant Finance Manager position within the Cost team.

The role reports to the Finance Manager – Cost and supervises a team of two. The team is responsible for all workforce costs. In addition to the accounting and control of actual cost data, the team is responsible for updating the rolling forecast. Reporting and analysis is provided for statutory and management purposes. The team interacts with Finance teams and HR.

RESPONSABILITIES

• Responsible for all aspects of the Long Term Incentive Plan…
 Ensure the accurate posting of the monthly LTIP accrual by department to SUN and upload by person in Hyperion. Update the related balance sheet reconciliations by statutory entity to agreed deadlines. Calculate the quarterly revaluation of fund schemes.
 Recalculate the LTIP forecast to the Finance timetable. Sense check the output, explain the movement from the previous forecast and gain sign off by Head of Central Finance or Finance Director. Communicate the new forecast to FP&A with supporting schedules.
 Update quarterly tax schedules and half year statutory accounts analysis.
 Liaise with the auditors on the above as required.
 Annually calculate the LTIP vesting prices for each LTIP scheme. Prepare schedules, supporting documentation and gain sign off from the Finance Director and external auditors within the required deadline. Provide the necessary papers to HR for submission to the remuneration committee, circulation to participants and the Executive Business Manager for LTIP communications.
 Reconcile the actual payment against the accrual and post required entries.
 Maintain changes and development of the Hyperion cube and LTIP scheme.
• Coordinate the year-end bonus accrual exercise with HR. Assist with the reconciliation of the actual payment against the accrual.
• Update quarterly tax schedules and half year statutory accounts analysis for all bonus schemes.
• Responsible for the accurate posting of all monthly workforce actual costs and maintenance of associated balance sheet reconciliations.
• Ensure the accurate and timely update of all workforce related costs for the rolling forecast.
• Streamline HR related processes and build mutually supportive relationships. Liaise with HR regarding the recruitment pipeline.
• Continuously seek to develop and improve processes within the team and promote knowledge sharing across Finance, providing technical expertise as required. Maintain procedure notes in line with process improvements.
• Management of a team of 2. Review of all reporting output ensuring all controls have been completed, consistency has been applied and deadlines met. Ensure adequate cover exists in the team for all key processes and that staff have access to career developments as required.
• Work closely with and support the Assistant Finance Manager responsible for reporting all costs to the FP&A team.
• Involvement in financial control policies and procedures related to cost accounting alongside the Group Accounting team.

Reporting Line
This role reports to the Finance Manager – Cost.

Direct Reports
This role will be responsible for one qualified and one part-qualified accountant.

Requirements and Experience
This role is ideally suited to someone who can demonstrate:

• An ability to manage tightly controlled detailed processes.
• Excellent planning and organisation skills with the ability to work accurately under pressure.
• Strong analytical skills with an ability to analyse and present results.
• Good communication skills essential for building relationships with key stakeholders.
• A strong initiative to improve processes and implement changes to existing ones.
• An ability to identify problems and drive to follow them through to resolution.
• Experience in supervising a small team.

SKILLS AND EXPERIENCE

• Qualified accountant with at least 2 to 3 years PQE including the following experience:
o Financial reporting and control
o Cost accounting
o Understanding of remuneration schemes
• Knowledge of the Business Units’ cost processes a definite advantage
• Strong Excel skills
• Experience of Hyperion and SUN
• Team management skills
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