Financial Analyst

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Job description

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

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