At a Glance
- Tasks: Oversee financial reporting for subsidiary companies and ensure robust financial health checks.
- Company: Join the University of Edinburgh, a prestigious institution with a commitment to excellence.
- Benefits: Competitive salary, professional development opportunities, and a collaborative work environment.
- Other info: Dynamic role with opportunities for career growth and influence within a leading university.
- Why this job: Make a real impact on financial oversight and contribute to the success of subsidiary companies.
- Qualifications: CCAB qualified accountant with experience in multi-entity environments and strong financial control skills.
The predicted salary is between 65000 - 75000 £ per year.
The Financial Controls Manager acts as a primary link between the University of Edinburgh (the parent entity) and its various subsidiary companies. The primary focus of this role is to create a reporting framework to ensure the robust financial oversight of the University’s subsidiary companies and create clear and succinct financial health checks on each of the individual company’s setting out the financial position to budget and forecast, a narrative on cash and intercompany transactions to the University’s senior financial leadership team and the Subsidiary Oversight Group. The role will also seek to streamline group-wide reporting, and be proactive in identifying, supporting and resolving financial matters through consistent communication and regular meetings with the company leadership teams.
Main responsibilities
- Subsidiary Oversight
- Serve as the primary finance link for the University subsidiary companies, fostering collaborative relationships to ensure timely and accurate financial data and reporting flow to the parent entity.
- Act as a bridge between subsidiary stakeholders and the University's finance team to ensure the University has a clear line of sight on the group-wide financial position.
- Be proactive by working directly with finance colleagues in the subsidiaries regarding financial reports and reconciliation requirements.
- Intercompany Financial Control
- Working with the Financial Accounting team, will provide senior oversight for the portfolio of intercompany accounts, ensuring they are fully reconciled and reviewed.
- Monitor completion trends and quality for intercompany reconciliations, identifying and resolving unexplained variances or suspense account items that affect the group position.
- Work closely with the Senior Financial Accountant to provide a consolidated view of intercompany exposure and status for the Monthly Balance Sheet Review Meeting and onward reporting to the Subsidiary Oversight Group.
- Group Reporting & Compliance
- Support the Subsidiaries oversight group to provide assurance that subsidiary companies operate within the agreed financial framework embedded into the revised subsidiary policy framework.
- Work with the Financial Planning and Analysis team to work towards monthly “Group” Management Accounts.
- Assist the Interim Group Financial Controller to ensure subsidiary companies are tax efficient and use gift aid for the benefit of the University Group.
- Support the preparation of financial performance (management Accounts and forecasts) for both each company and a consolidated position to inform the overall University Group.
- Highlight any performance risks, any direct or indirect tax risks, highlight any liquidity concerns or other regulatory or compliance risks to the University Senior finance leadership team.
Knowledge Skills and Experience
- Professional Qualification: CCAB qualified accountant (or equivalent) with significant experience in a complex, multi-entity environment.
- Group Accounting Expertise: Strong technical knowledge of intercompany eliminations, group financial control, and parent-subsidiary reporting requirements.
- Influencing & Partnering: Proven ability to act as a Business Partner, influencing stakeholders in external or semi-autonomous entities (subsidiaries) to adhere to central deadlines and standards.
- System Proficiency: Advanced experience with large-scale ERP systems (specifically Oracle/P&M) and the ability to navigate complex reporting modules.
- Problem Solving: Demonstrated experience in diagnosing process gaps and implementing permanent fixes for recurring financial discrepancies.
Financial Controls Manager (Subsidiary Companies) Contract employer: Morgan Philips Group
At Morgan Philips Group, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. As a Financial Controls Manager, you will benefit from our commitment to employee growth through tailored development opportunities and the chance to work with cutting-edge technology in a supportive environment. Located in a vibrant city, our team thrives on diversity and inclusivity, ensuring that every voice is heard and valued.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Controls Manager (Subsidiary Companies) Contract
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Morgan Philips Group. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Financial Controls Manager (Subsidiary Companies) Contract
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Morgan Philips Group.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Morgan Philips Group's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Morgan Philips Group
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Morgan Philips Group.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Morgan Philips Group will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Morgan Philips Group employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
