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- Tasks: Lead financial management and reporting for a major UK rail operation during its transition.
- Company: Join a high-profile team within Group Finance in Newcastle.
- Benefits: Competitive salary up to £75k, bonus, and hybrid working options.
- Other info: Opportunity for career growth in a dynamic and regulated environment.
- Why this job: Make a significant impact during a complex transition in the transport sector.
- Qualifications: Fully qualified accountant with strong financial reporting experience.
The predicted salary is between 75000 - 75000 £ per year.
Location: Newcastle, hybrid working 4 days in the office, 1 day remote e/w
Salary: up to £75k + bonus and benefits
Duration: 2 year Fixed Term Contract
An opportunity has arisen for an experienced Financial Controller to lead the financial management and close out of one of the UK's largest train operating businesses as it transitions through the Government's renationalisation programme. This is a high profile role within Group Finance. You will take ownership of financial reporting, statutory accounts, and contract close out activity over a defined two year period. The role requires strong technical accounting expertise, confident stakeholder management, and the ability to lead through a complex transition.
Key Responsibilities of the Financial Controller:
- Lead the financial planning and execution of the business wind down following cessation of operations
- Develop and manage the financial close out plan, including final settlements, cost run off, provisions, and timelines
- Deliver financial scenario modelling relating to contract termination outcomes
- Act as the lead finance contact for Department for Transport financial reporting during the transition period
- Prepare and submit all required financial returns, reconciliations, and close out documentation
- Respond to financial reviews and queries with clear analysis and supporting evidence
- Lead the production of management accounts throughout the transition period
- Take ownership of the statutory accounts and all related disclosures
- Manage accounting judgements and estimates associated with cessation of operations
- Act as the main contact for external auditors and ensure an efficient audit process through to sign off
- Maintain strong financial controls and governance during the transition period
- Ensure full compliance with internal policies and regulatory requirements
- Deliver robust balance sheet control and final ledger close
- Identify and manage financial risks linked to contract termination and operational wind down
- Partner with Group Finance teams across reporting, planning, and finance systems
- Collaborate with legal, HR, and operational teams supporting the transition
- Provide clear financial insight to senior stakeholders during a complex change programme
Fully qualified accountant, ACA, ACCA, or CIMA
Strong background in financial reporting and management accounting
Proven experience leading statutory accounts and external audit processes
Experience operating in a regulated environment such as rail, transport, utilities, or the public sector
Strong knowledge of financial controls, provisions, accruals, and contract accounting
Experience within the transport sector or direct exposure to government financial reporting is advantageous.
To be considered for this Financial Controller opportunity, you must APPLY NOW, making sure to attach your up-to-date CV.
*Only shortlisted candidates will be contacted for an initial telephone interview.
Banking / Finance Administrator in Newcastle upon Tyne employer: Morson Edge
Contact Detail:
Morson Edge Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Banking / Finance Administrator in Newcastle upon Tyne
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and banking sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for those interviews! Research the company and its recent projects, especially in the rail sector. Be ready to discuss how your experience aligns with their needs, particularly around financial reporting and statutory accounts.
✨Tip Number 3
Showcase your skills! Create a portfolio that highlights your achievements in financial management and reporting. Use real examples to demonstrate your expertise in handling complex transitions and stakeholder management.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged in their job search.
We think you need these skills to ace Banking / Finance Administrator in Newcastle upon Tyne
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Financial Controller role. Highlight your experience in financial reporting, statutory accounts, and any relevant work in regulated environments like transport or utilities. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that relate to the key responsibilities listed in the job description. Let us know how you can lead through complex transitions!
Showcase Your Technical Skills: Since this role requires strong technical accounting expertise, make sure to highlight your qualifications (like ACA, ACCA, or CIMA) and any relevant experience with financial controls and governance. We need to see that you can handle the nitty-gritty of financial management!
Apply Through Our Website: Don't forget to apply through our website! It's the best way to ensure your application gets to us directly. Attach your up-to-date CV and let us know why you're excited about this opportunity. We can't wait to hear from you!
How to prepare for a job interview at Morson Edge
✨Know Your Numbers
As a Financial Controller, you'll need to demonstrate your strong technical accounting expertise. Brush up on key financial metrics and be ready to discuss how you've managed financial reporting and statutory accounts in previous roles. This will show that you’re not just familiar with the numbers but can also lead through complex transitions.
✨Stakeholder Management is Key
This role involves confident stakeholder management, so prepare examples of how you've successfully communicated with various stakeholders in the past. Think about times when you had to present financial insights or manage expectations during challenging situations. This will highlight your ability to navigate complex environments.
✨Understand the Regulatory Landscape
Given the regulated nature of the transport sector, make sure you’re well-versed in relevant regulations and compliance requirements. Be prepared to discuss how you've ensured compliance in your previous roles, especially in relation to financial controls and governance. This will show that you can maintain strong financial oversight during the transition period.
✨Prepare for Scenario Modelling Questions
Since the role involves delivering financial scenario modelling related to contract termination outcomes, practice articulating your thought process around financial forecasting and risk management. Prepare to discuss specific scenarios you've encountered and how you approached them, as this will demonstrate your analytical skills and strategic thinking.