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- Tasks: Join our team as a Financial Analyst, handling financial planning and analysis for multiple departments.
- Company: Be part of a dynamic company based in Fofar, focused on the Rig Aftermarket sector.
- Benefits: Enjoy a year's contract with opportunities for travel and professional growth.
- Why this job: This role offers hands-on experience in finance, great team collaboration, and a chance to make an impact.
- Qualifications: A degree in Accountancy or Finance is essential; experience with ERP systems is a plus.
- Other info: Ideal for those looking to enhance their analytical skills and work in a supportive environment.
The predicted salary is between 36000 - 60000 £ per year.
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Client:
Location:
Job Category:
Finance
EU work permit required:
Yes
Job Reference:
b3fb02562c8a
Job Views:
7
Posted:
03.03.2025
Expiry Date:
17.04.2025
Job Description:
Job Description
Our client based in Fofar is looking for a Financial Analyst to join their team on a year’s contract. This role will entail travel to Montrose.
Financial Planning And Analysis:
- Assist with the financial planning and analysis tasks for 2 ledgers (UK and Baku) within the Rig Aftermarket team, across various departments.
- Assist the local management team with reporting, analysis, and presentation on actual, forecast, and plan numbers.
- Review ongoing projects for the relevant Business Units to ensure timely and accurate revenue and cost recognition.
- Assist in the completion and review of monthly P&L and management reports and preparation of variance analysis to the FP&A Manager.
- Prepare Labour recovery reconciliations for several Business Units and assist the FP&A manager with their review.
- Review aged WIP and provide commentary to ensure projects are completed on a timely basis and feed this into the accounting team for SOX purposes.
- Review and reconcile relevant Contract Assets and Liabilities sections, including aging monitoring and commentary.
- Conduct monthly working capital analysis and commentary.
- Monitor monthly Capex spend and forecast against budget.
- Assist with monthly Forecast and Annual Financial Plan preparation.
- Build good working relationships with team members and business partners.
- Proactively analyze cost trends within the departmental P&Ls.
- Look for efficiencies and continuous improvement in systems and procedures related to FP&A and reporting.
Accounting Tasks:
- Perform accounting tasks for FP&A related areas and provide support to a wider Finance team in Rig Aftermarket.
- Prepare and post monthly journals relating to the FP&A areas.
- Conduct balance sheet reconciliations.
- Support the wider business with information requests (external and internal auditors; tax; compliance; Statutory Accounting team, others).
- Deal with AR and AP departments and related issues as required.
- Support month-end close and subsequent reporting.
- Other accounting and FP&A tasks as required.
Desired Qualities/Qualifications:
Essential:
- Degree in Accountancy or Finance or equivalent.
- Experienced business partner working with non-financial management.
- Experience working within known ERP systems.
- Excellent Microsoft Excel, Word, and PowerPoint skills.
- Great communication skills.
- Excellent analytical skills.
Desirable:
- Professional accountancy qualification such as CIMA / ACCA.
- Working within a financial/accounting environment of a larger entity – 3 years +.
- Experience of POC accounting methods.
- Experience working within Oracle and Glovia ERP systems.
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Financial AnalystCommercial Department employer: TN United Kingdom
Contact Detail:
TN United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial AnalystCommercial Department
✨Tip Number 1
Make sure to familiarize yourself with the specific financial planning and analysis tasks mentioned in the job description. Understanding the nuances of working with multiple ledgers, especially in a cross-departmental context, will give you an edge during interviews.
✨Tip Number 2
Highlight your experience with ERP systems, particularly Oracle and Glovia, as these are specifically mentioned in the job description. If you have worked with similar systems, be ready to discuss how that experience can translate to this role.
✨Tip Number 3
Demonstrate your analytical skills by preparing examples of past projects where you successfully conducted variance analysis or financial forecasting. Being able to share concrete examples will showcase your capabilities effectively.
✨Tip Number 4
Since building good working relationships is emphasized, think about how you can convey your interpersonal skills during the interview. Prepare to discuss instances where you collaborated with non-financial management or other departments to achieve common goals.
We think you need these skills to ace Financial AnalystCommercial Department
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Financial Analyst position. Understand the key responsibilities and required qualifications, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in financial planning and analysis, particularly with ERP systems. Mention any specific projects or achievements that align with the tasks outlined in the job description.
Showcase Analytical Skills: Since excellent analytical skills are essential for this role, provide examples of how you've successfully analyzed financial data or improved processes in previous positions. Use quantifiable results where possible.
Tailor Your Application: Customize your cover letter to reflect your understanding of the company and its needs. Mention how your background in finance and accounting makes you a great fit for their team, especially in relation to the Rig Aftermarket department.
How to prepare for a job interview at TN United Kingdom
✨Showcase Your Analytical Skills
As a Financial Analyst, your analytical skills are crucial. Be prepared to discuss specific examples of how you've used data analysis to drive decisions or improve processes in previous roles.
✨Familiarize Yourself with ERP Systems
Since experience with ERP systems is essential, make sure you can talk about your familiarity with any relevant systems, especially Oracle and Glovia. Highlight any specific projects where you utilized these tools.
✨Prepare for Financial Planning Questions
Expect questions related to financial planning and analysis. Brush up on your knowledge of P&L statements, variance analysis, and forecasting methods to demonstrate your expertise.
✨Emphasize Communication Skills
Great communication is key in this role. Prepare to discuss how you've effectively communicated complex financial information to non-financial stakeholders in the past.
