Financial Analyst

Financial Analyst

Pay Rate: £19.13 - £26.92 p/hr DOE

Duration: 12 months

Location: Forfar, but 1 day in Montrose (Tuesdays) and 1 WFH

Hours: Mon-Fri 08.00-16.30 Fri 08.(phone number removed) mins lunch)

Job Description:
Financial Analyst FP&A based between the Forfar and Montrose offices within Energy Equipment Segment. Great opportunity to assist with all elements of Financial Planning and Analysis for 2 ledgers (UK and Baku), with a heavy focus on local business partnering.
This is a great opportunity to join our  clients’ Rig Aftermarket FP&A Team, based between their Forfar and Montrose offices.
The role covers but not limited to:
FINANCIAL PLANNING AND ANALYSIS:

-To assist with the financial planning and analysis tasks for 2 ledgers (UK and Baku) within Rig Aftermarket team, across various departments within the business.

-To assist the local management team with reporting, analysis, and presentation, as required, on actual, forecast and plan numbers.

-To review ongoing projects for the relevant Business Units and ensure timely and accurate revenue and cost recognition.

-To assist in the completion and review of monthly P&L and management reports and assist in the preparation of variance analysis to FP&A Manager.

-Prepare Labour recovery reconciliations for several Business units and assist FP&A manager with their review.

-To review aged WIP and provide commentary to the business to ensure Projects are being completed on a timely basis and to feed this into the accounting team for SOX purposes.

-To review and reconcile relevant Contract Assets and Liabilities sections, including ageing monitoring and commentary.

-Monthly working capital analysis and commentary.

-Monitor monthly Capex spend and forecast against budget.

-To assist with monthly Forecast and Annual Financial Plan preparation.

-Build good working relationship with other team members and Business partners.

-Proactively analyse cost trends within the departmental P&Ls

-To look for efficiencies and continuous improvement in systems and procedures in relation to FP&A, and reporting.
ACCOUNTING TASKS:

Performing accounting tasks for FP&A related areas and provide support to a wider Finance team in Rig Aftermarket, as required. This includes but is not limited to:

-Monthly journals preparation and posting relating to the FP&A areas.

-Balance sheet reconciliations

-Supporting wider business with information requests (external and internal auditors; tax; compliance; Statutory Accounting team, others)

-Dealing with AR and AP departments and related issues as an when required

-Support month- end close and subsequent reporting

-Other accounting and FP&A tasks as required.
Qualifications:

Essential:

-Degree in Accountancy or Finance or equivalent

Desirable:

-Professional accountancy qualification such as CIMA / ACCA
Experience:

Essential:

-Experienced business partner working with non-financial management.

-Experience working within known ERP systems

Desirable:

-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
Skills Training or Special Knowledge:

Essential:

-Microsoft Excel/ Word/ Power Point

-Excellent Excel skills

-Great Communication skills

-Excellent Analytical skills