Investment Financial Control and Decision Support
The role sits in the Investment Cost Decision Support team and includes staff management of an on shore resource as well as matrix management of a small off shore team.
Specific responsibilities encompass;
- Overall control of the global Investment cost base including coordination of all financial processes required to close the books at month end
- Partner the Investment Organisation and help them manage all aspects of their cost base by providing high quality MI that is appropriate to challenge spend and to drive decision making in a timely manner
- Developing and maintaining an in-depth knowledge of the cost base, its drivers, the business direction, and relevant industry benchmarks in order to become a valued partner to the management of the Investment costs headcount.
- Facilitating the delivery of realistic / challenging budgets and monthly forecasts on behalf of the various Portfolio areas across Investment
- Support the Investment leadership team in driving cost efficiencies
- Reporting of any synergies achieved, commentary on variances to target, analysis of trends, KPIs and cost drivers;
- Ensuring the accuracy and completeness of headcount, costs and related accruals, and the robust substantiation of relevant balance sheet items;
- Provision of high-quality analysis of historic costs and headcount movements that facilitate future management of these trends - commentary that is suitable for the senior audience and addresses what happened, why it happened and what impacts the event has on the future cost base of that function;
- To champion a culture of control and transparency, in particular with respect to cost allocations from Investment to the front office product areas and back office support functions
- Managing intangible asset capitalisations, impairment reviews, man day rate process and over / under recovery reviews.
- Building strong working relationships with the Investment leadership and PMO team and the Finance community.
In order to be considered, candidates must have the following:
- Extensive cost management and project accounting exposure, ideally gained in an investment bank or large corporate
- Previous exposure to leading global cost decision support teams
- In depth understanding of project coding of staff and non staff costs including timesheet systems and man day rates. Also covering project capitalisations including knowledge of latest accounting standards on intangibles, impairment reviews and project cost allocations.
- Exposure to budgeting, forecasting and cost tracking systems.
- Sound numerical and analytical skills
- Proven communication skills up to MD level
- Familiarity with general ledger, cost sub-ledger, and MI systems
- Financial accounting knowledge experience with sound understanding of balance sheet, PL, costs and headcount
- Preferably a qualified ACA, ACCA or CIMA
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