Head of Finance - London, United Kingdom - Post Office Ltd

Post Office Ltd
Post Office Ltd
Verified Company
London, United Kingdom

3 weeks ago

Tom O´Connor

Posted by:

Tom O´Connor

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Description

Summary:


Salary:
Competitive

Grade: 4

Contract Type:
Permanent

Location:
London

Reporting to:
Finance Director

Division:
Chief Finance & Operations Office

Closing Date: 24th May 2023

The Purpose of the Role:


Lead the evaluation and performance challenge for relevant areas of income, cost and investment decisions with the objective of maximising POL profitability.


Principal Accountabilities:


  • Ensure full transparency, understanding and interpretation of Business P&L's, clearly articulating drivers of direct costs and allocations of indirect overheads.
  • Drive and embed new initiatives to improve the P&L performance.
  • Manage the monthly performance review and challenge process for all relevant areas of expenditure.
  • Manage month end for business portfolio creating packs and reviewing with Business Leads. Feeding data in to GE packs and papers.
  • Manage the review and challenge for specific areas of the functional cost base providing the appropriate high level analysis of performance, identifying risks and opportunities, and driving cost efficiency initiatives.
  • Prioritise performance issues for review in relevant functional and Finance Performance Reviews.
  • Manage the budgeting and forecasting process for the function within the guidelines and timetable established by the Financial Control team.
  • Provide expert advice and an independent view to the Finance Leadership Team, CFO and functional GE member.
  • Evaluate business cases for all commercial decisions, providing challenge to functional heads and Project Managers, making recommendations to improve investment decisions.
  • Approval of Purchase Order requisitions within the agreed company levels (currently up to £0.5m).
  • Responsible for ensuring compliance with any specific legislative, regulatory, or contractual requirements.

Qualifications, Experience & Skills:


Knowledge required

  • Good understanding of finance systems (particularly SAP and Business Objects packages)
  • Computer literacy / numeracy with strong Excel, Word and PowerPoint skills

Experience required

  • Significant experience in a 'commercial' finance environment operating at a senior level
  • Knowledge of business case and investment appraisal processes
Qualifications required

  • Broad range of accountancy skills fully qualified accountant with CCAB recognised qualification (e.g. ACA, CIMA and ACCA) and minimum of 5 years post qualification experience.

Skills required

  • Strong analytical skills, with the ability to effectively summarise and interpret data to senior nonfinance business leaders
  • Commercial acumen
  • Strategic problem solving and decision making
  • Managing complexity, ambiguity and change
  • Communication and influencing
  • Collaboration and teamwork
  • Computer literacy/numeracy with strong Excel, Word and PowerPoint skills

About Post Office:


The Post Office has thrived at the heart of high streets and local communities across the UK for over 370 years.

As one of the country's most trusted brands, we take our commitment to providing essential services to customers across the UK very seriously.

We're the UK's largest retail network, as well as the largest financial services provider in the UK, with over 11,600 branches nationwide - more than all of the UK's banks and building societies put together.


We know that the best way to provide a great service for customers is to evolve our business and adapt to their changing needs.

That's why we have a range of over 170 products and services, from personal financial services like banking, insurance, payments and travel money, to telecoms and, of course, mails.

And we're improving our online and in store experience for customers. We know that our customers never stop changing, so neither will we. We're here, in person, for the people who rely on us.


Our Ways of Working underpin everything we do, they are the "How" of our business strategy. They differentiate our business and aim to inspire great behaviours and align our colleagues around specific actions in order to be the organisation we want to be, and achieve our business goals.

By living the Ways of Working each day, you will help make that vision a reality and enable our cultural transformation


In short
:
Working in partnership, as
one team, we
deliver amazing results

**The Post Office embraces diversity and inclusion in the workplace and actively promote working without discrimination. We are also a Disability Confident Employer and are committed to interviewing disabled people who meet our minimum criteria for the job.
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