Senior FP&A Analyst (15 month FTC) in London

Senior FP&A Analyst – Maternity cover at Formula 1’s Media & Technology Centre, Biggin Hill.

Are you ready to make your mark in Formula 1? We deliver the world’s greatest sports and entertainment spectacle, leaving a positive legacy wherever we race. Innovation has been at our core since 1950, and today we develop technologies that make a significant impact beyond the track.

What You’ll Be Doing:

• Preparation of annual budgets and quarterly reforecasts for various divisions.
• Internal reporting to stakeholders and controlling expenditure to stay within approved budgets/forecasts.
• Analyzing and investigating variances between actual and forecast/budgeted expenditure.
• Working closely with the Head of Finance, MTC, and liaising with stakeholders across MTC.
• Reviewing and seeking to enhance existing financial processes and procedures.
• Evaluating and advising on the financial implications of potential projects and investment decisions.
• Contributing to the preparation of the consolidated annual budget and cash flow forecast for the Group.
• Assisting with writing the Group Budget management report.
• Reviewing departmental budget submissions, resolving any discrepancies by liaising with the preparer and discussing with the budget holder/manager.
• Updating the GL with budget data.
• Liaising with and supporting staff in preparing their budgets.
• Ensuring a seamless transition to new fiscal years, including updating the Chart of Accounts, maintaining the new year’s codes in the GL and Procurement systems, closing down previous year’s codes and rolling forward the various financial reports.
• Assisting with production of the Group’s reforecasts based on most current information available.
• Assisting with writing the Group Reforecast management reports.
• Completing various elements of the month-end process, analysing and investigating variances to forecast and budget, calculating month-end adjustments and reviewing activity for potential mis-postings or mistimed transactions.
• Assisting with the population of reports issued to various managers across MTC.
• Meeting with managers to discuss performance.
• Working closely with staff across MTC to ensure that their information and control needs are being met.
• Analyzing Group and divisional budgets and forecasts against prior year / quarter.
• Preparation of financial reports and presentation thereof to senior management.
• Investigating/identifying improvements to financial reports on an ongoing basis.
• Provision of specific financial information to senior management.
• Ad-hoc team project and development work.

The position is located at Formula 1’s Media & Technology Centre in Biggin Hill. Occasional attendance at Formula 1’s head office in London’s West End may be required. The role is predominantly office-based with the option for limited home working.

What We’re Looking For:

• Recently CIMA qualified.
• History of excellent academic achievement.
• Strong academic background and degree from a well-regarded university.
• Experience in budget and forecast preparation.
• Experience of analysing actual financial performance against budgets and forecasts and providing meaningful and insightful related reporting.
• Stable employment.

Knowledge & Skills:

• Good analytical and financial reporting skills and attention to detail.
• A solid foundation of basic accountancy skills including an understanding of generally accepted accounting principles.
• Advanced MS Excel skills.
• Ability to support and build relationships with colleagues and stakeholders.
• Desirable: Experience with Power BI and/or Power Query.
• Ability to leverage emerging technologies for collaboration.

Personal Qualities:

• Hard-working and able to commit to wider team objectives/deliverables which might mean working to tight deadlines.
• Good oral and written communication skills.
• The ability to work collaboratively with key stakeholders at various levels within the organisation.
• Excellent attention to detail.
• Able to take direction, work as part of a team or on their own, at times demonstrating initiative where required.

Why Join the Force Behind the Sport?

• Private Healthcare scheme.
• Dental Care.
• 4 x Grand Prix Paddock passes per season.
• Enhanced maternity/paternity leave and other family planning policies.
• A free staff shuttle service running to and from surrounding train stations near to Biggin Hill.
• Free healthy snacks in our offices.
• Subsidised canteen in Biggin Hill, serving breakfast and lunch.
• 25 days annual leave and 8 bank holidays.