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- Tasks: Lead and inspire the finance team for financial reporting and governance processes.
- Company: Network Rail connects people and goods across Scotland, prioritizing safety and efficiency.
- Benefits: Enjoy flexible working options and a supportive environment for personal and professional growth.
- Why this job: Join a high-performance culture that values creativity and innovation in shaping Scotland's Railway.
- Qualifications: Significant post-qualification experience with relevant accounting institutions is required.
- Other info: Be part of a dynamic team dedicated to delivering exceptional service and strategic insights.
The predicted salary is between 48000 - 72000 £ per year.
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About Network Rail
At Network Rail, our passengers and freight users are at the heart of everything we do. We help connect people to their friends and families and get goods to their destination safely and efficiently. We are an organisation where people matter. Watch our video to find out more!
Scotland’s Railway is part of this large family, covering a large geographical area from the Borders to Thurso at the far tip of the North East of Scotland, accounting for almost 20 percent of the UK rail network. We provide rapid access along busy commuter routes to our seven cities, servicing the varied needs of our business and leisure commuter services, including cross-border services and rural services. We have up to 50 freight services operating every day and are steadily building capacity for this to grow. Our ambition to be responsive to passengers and freight users drives us every day, and we’re empowered to do the right thing for those who use the rail network. We actively challenge unsafe practices and take responsibility for addressing risks, resolving issues, and protecting safety and wellbeing.
Our colleagues are encouraged to work flexibly as we know that busy lives don’t always fit around a traditional working pattern. If you need flexibility to complete your role, just let us know, and we will do our utmost to help you invest in your career with us while balancing other aspects of your life.
We’re also a Disability Confident Leader employer and will try our best to adapt the process and offer a reasonable alternative to help support people with disabilities access, apply, and interview for roles.
We want to help deliver a railway that is safe, reliable, affordable, and provides great customer service to everyone. For more information about Network Rail, click here.
Brief Description
Network Rail in Scotland is part of Scotland’s Railway, with responsibility for managing a complex asset infrastructure network, with a combined annual expenditure of circa 1 billion, with 3,500 employees and a diverse ecosystem of supply chain partners.
We are now seeking to appoint a Head of Financial Control and Analysis with responsibility for Financial Reporting to work with us to create something outstanding. Driving a high-performance culture, your creativity and innovation will help secure the future of Scotland’s Railway.
As part of Network Rail’s regional finance function, you will contribute to the successful achievement of our strategic objectives and be part of a driven team at the very heart of the business whose impeccable standards ensure our ultimate success.
Reporting to the Regional Financial Management Director, this is a newly constituted post arising from a restructuring exercise within the Finance function that sits alongside six other Heads of Financial Control & Analysis.
About the role (External)
The Head of Financial Control and Analysis Financial Reporting is expected to lead, inspire, and direct the finance team that puts into effect the financial and corporate governance processes, with specific responsibility for:
- Internal and external regional financial reporting (e.g., Group, Customer & ORR)
- Monitor, report and challenge efficiencies (CAPEX, OPEX & Fishbone Reporting)
- Leading the finance business partnering teams and managing the financial control, reporting, and planning activities needed to support the operations of the organisation.
- Providing strategic insight, supported by robust financial and non-financial analysis to enable sound business decisions to be made.
- Supporting a range of critical services and dependencies that ensure that the organisation can be successful in delivery.
What you will bring to the role:
- Significant post-qualification experience with a relevant accounting institution (i.e., ACCA, CIMA, ICAEW, or equivalent).
- Thorough knowledge of emerging risk management and governance procedures (including operating under Managing Public Money rules).
- Strong demonstrable commercial experience, with an understanding of investment regulations.
- Significant experience in balancing stakeholder expectations against the needs and capabilities of the business and wider government.
- Expansive experience within multiple financial disciplines.
- Strong ability to identify, evaluate, and advise on alternate sources of business finance and different ways of raising finance.
- Influence and lead senior stakeholders through effective conflict resolution by positive challenge.
- Significant experience in influencing wider business decisions.
- Experience of leading and motivating a team.
- Strong ability to manage people through periods of significant changes and business pressures.
The Scotland Financial Management team exists to support its business partners with quality financial analysis and insight so they can make good business decisions that facilitate effective front-line delivery, enabling the region to put passengers first.
This role is supported by, and therefore responsible for the management and development of a team of four: two senior finance business partners, one finance business partner, and one assistant management accountant.
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Head of Financial Control & Analysis employer: ENGINEERINGUK
Contact Detail:
ENGINEERINGUK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Financial Control & Analysis
✨Tip Number 1
Familiarize yourself with Network Rail's mission and values. Understanding how they prioritize passenger safety and service will help you align your experience and vision with their goals during the interview.
✨Tip Number 2
Highlight your leadership experience in financial control and analysis. Be prepared to discuss specific examples of how you've led teams through change and improved financial processes, as this is crucial for the Head of Financial Control & Analysis role.
✨Tip Number 3
Network with current or former employees of Network Rail. Engaging with them can provide insights into the company culture and expectations, which can be invaluable when preparing for your interview.
✨Tip Number 4
Stay updated on the latest trends in financial governance and risk management, especially within the public sector. Being knowledgeable about these topics will demonstrate your commitment to the role and your ability to contribute strategically.
We think you need these skills to ace Head of Financial Control & Analysis
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Head of Financial Control & Analysis position. Understand the key responsibilities and required qualifications, and think about how your experience aligns with these.
Tailor Your CV: Customize your CV to highlight relevant experience in financial reporting, governance, and team leadership. Use specific examples that demonstrate your ability to manage financial control and analysis effectively.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your passion for the role and the mission of Network Rail. Mention how you can contribute to their goal of providing great customer service and ensuring safety.
Highlight Leadership Experience: Since this role involves leading a finance team, emphasize your previous leadership roles and how you've successfully managed teams through change. Provide examples of how you've influenced business decisions and resolved conflicts.
How to prepare for a job interview at ENGINEERINGUK
✨Understand the Role and Responsibilities
Make sure you have a clear understanding of the Head of Financial Control & Analysis role. Familiarize yourself with the key responsibilities such as financial reporting, monitoring efficiencies, and leading finance teams. This will help you articulate how your experience aligns with their needs.
✨Showcase Your Leadership Skills
Prepare examples that demonstrate your ability to lead and motivate a team, especially during periods of change. Highlight your experience in managing stakeholders and resolving conflicts effectively, as these are crucial for this position.
✨Be Ready to Discuss Financial Governance
Since the role involves financial governance processes, be prepared to discuss your knowledge of risk management and compliance with regulations like Managing Public Money. This shows that you understand the importance of governance in public sector finance.
✨Demonstrate Strategic Insight
Think about how you can provide strategic insights based on financial and non-financial analysis. Be ready to discuss past experiences where your analysis led to sound business decisions, showcasing your ability to contribute to the organization's strategic objectives.
