Decision Support Cost Analyst
The principal brief of this job is to support the Finance Manager and act as an interface between the Finance function and the Product, Central and Operational Service teams.
You will provide support and challenge, ensuring the preparation of reliable and timely financial plans to support business planning and providing financial analysis for business cases and ad hoc papers.
Key aspects of this are:
Support – work with the cost owners across the business to understand their cost base. Liaise with other Commercial Finance colleagues to understand the business impact of any changes in the cost base. Working with Decision Support Cost Manager to understand the overall cost base.
Planning – support the Decision Support Cost Manager to co-ordinate and process information from various sources to ensure that the annual and quarterly forecast templates are populated within agreed timescales and to acceptable tolerances (including the development and maintenance of models).
Business Partnering - act as point of contact within finance for the operations team and all overhead owners. You will be responsible for ensuring that business developments are shared with appropriate finance colleagues, and are financially robust. Through the analysis of data produce relevant MI for key stakeholders, helping drive key business decisions.
Challenge assumptions - through analysis of trends and other MI available, to help deliver realistic and balanced forecasts and budgets. Support the process to review outputs for accuracy.
Scenario planning / desktop forecasts – working alongside the Decision Support Cost Manager develop models to assist the business in measuring impact of changes to the budgeted PL positions. Working with other finance teams, update and reforecast changes to products and models to produce a monthly desktop forecast update for your line manager.
Financial Analysis – Using existing models and involvement in developing new models support the Decision Support Cost Manager to provide cost managers with financial information to assist in strategic and tactical decisions.
Ad Hoc - provide ad hoc support across the Finance team as required.
Commercial Support – support your line manager to review and provide challenge to business cases: covering aspects including pricing, tax implications and costs recharges (where applicable).
You will either be a Part Qualified (final stage) or Newly Qualified Accountant with practical experience of financial reporting and management accounting. Financial services background preferred but not essential.
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