At a Glance
- Tasks: Manage financial controls for over 100 IT projects and support project managers with budgeting.
- Company: Join a leading company in the energy sector with a focus on innovation.
- Benefits: Enjoy a hybrid work model, competitive salary, and opportunities for professional growth.
- Other info: Dynamic environment with opportunities to develop new skills and advance your career.
- Why this job: Make a real impact by ensuring financial success in transformative IT projects.
- Qualifications: Experience in project cost accounting and strong Excel skills are essential.
The predicted salary is between 50000 - 60000 £ per year.
Work model: Hybrid, 2-3 days onsite in a week.
Role
The main purpose of the Portfolio Finance Analyst role is to maintain financial controls and systems, including budgeting for all IT project expenditure. Day-to-day activities will include working closely with project and programme managers, senior management and other stakeholders within IT to provide a project cost accounting function to a growing portfolio of over 100 projects.
Skills / Experience
- Knowledge of the Oracle Project Cost Accounting system (or similar) would be advantageous.
- An excellent understanding of Project Cost Accounting fundamentals. Study towards an accountancy or related financial qualification would be helpful but is not essential.
- Good understanding of end-to-end project lifecycle delivery.
- Highly proficient in Microsoft Excel.
Communication and Personal Attributes
- Ability to deliver under pressure whilst building relationships.
- Customer focused approach.
- Highly articulate with effective written and interpersonal skills.
- Strong attention to detail.
- Ability to thrive in a challenging environment and develop new skills.
Problem Solving, Analysis and Reasoning
- Excellent analytical skills.
Key Accountabilities
- Provide a professional finance function within the IT Portfolio Office to ensure the timely provision of project funding and effective financial control.
- Maintain financial controls enabling Project Cost Accounting for the portfolio including spend against budget, forecast spend and cost variance analysis.
- Manage the annual budgeting and roadmap process for IT projects.
- Provide financial management support for projects within the IT change portfolio, including budget development and monitoring, purchase order requisition and fulfilment, and reconciliation of projects and their close out.
- Ensure projects are managing their finances in line with the Transformational Change Governance Framework.
- Provide support and guidance to project managers in tracking their budgets.
- Monitor compliance with portfolio reporting / financial standards and intervene when this deviates or slips.
- Review funding requests to ensure they remain within approved project budgets.
- Participate in project review meetings to highlight finance related matters.
Experience
- Experience in annual budgeting process for projects or portfolios.
- Background in Portfolio Office functions or PMO functions, using collaborative skills in coaching others to complete required reports and managing financial reporting cycle on large projects.
- A demonstrable understanding of Client’s business areas, the Energy industry and IT.
- Knowledge of Client Transformational Change Governance Framework or an equivalent stage gate-based project governance process.
- Awareness of safety practices within high risk engineering environments.
- Aware of information security practices within commercially sensitive environments.
Senior Portfolio Analyst employer: Lorien Resourcing
As a Senior Portfolio Analyst, you will thrive in a dynamic hybrid work environment that fosters collaboration and innovation. Our company prioritises employee growth through continuous learning opportunities and a supportive culture that values your contributions. With a focus on the energy sector, we offer a unique chance to engage with impactful projects while enjoying the flexibility of working both onsite and remotely.
