Project Finance Business Partner - Milton Keynes, United Kingdom - High Speed Two (HS2)

High Speed Two (HS2)

Verified Company

Milton Keynes, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Grade 18_L - internal promotions will be aligned to the pay policy.**HS2 Ltd endeavours to ensure everyone working for us and with us feels included, thrives and achieves their full potential. In practice, this means we are positive and inclusive about making adjustments, providing flexible working, encouraging our staff networks to flourish and providing personal and professional development opportunities.

As a
Project Finance Business Partner at HS2 you will provide both assurance and challenge to the Area Delivery Managers, and their team, in relation to the financial elements of their project plan, value for money and corporate governance.

About the role:

Corporate Governance/ Managing Public Money

Review and financial endorsement of Change and Investment Papers, challenging all risks/ opportunities/ ensuring programme impacts are clearly identified and any associated costs recorded
Representative on investment change panels
Providing assurance to the budget holders that reported expenditure and contract payments are appropriate.

IFRS Accounting / National Audit Office (NAO)

Provides input to development of policies and Enterprise reporting and planning development
Provides guidance on appropriate IFRS accounting treatment of transactions (prepayment / accruals/ liabilities)
Provides justification and supporting evidence of accounting adjustments to NAO Auditors as required.

Financial Reporting/ Month/ Year end

Oversee the month end financial accounts close
Prepare the accounts and plan for yearend audit
Complete monthly analytics of contract spend and accruals held and challenge budget holders
Provide budget variance commentary
Review and assure Programme Board Packs.

Funding/Cash Flow

Review and challenge emerging forecasts and monitor against Spending Review (SR) funding
Propose remedial actions to budget holders as required
Work with Contractor's Finance leads and HS2 commercial to improve Actual Cost of Work Performed (ACWP) and cash flow data
Develop Cashflow forecast reporting for DfT, challenge the supply chain submissions.

Business Planning/Forecast

Support and maintain the Business Planning and forecasting process, providing guidance on planning principles and expectations as provided by HS2 business planning
Provides assurance to budget holders that data provided by cost management / commercial is reliable.

Budget Management

Support in determining the appropriate disaggregation and delegations to Sectors / Contracts
Facilitate system changes required and reporting requirements for budget management.

Workforce Costs & Indirects

Provide Workforce Actual costs and forecast information to inform programme cost estimates
Challenge budget holders to achieve workforce objectives and optimise resources.

EDI

Actively promote and embed Equality, Diversity and Inclusion (EDI) in all your work and support and comply with all organisational initiatives, policies and procedures on EDI.

About You

Skills:

Ability to work as part of a matrix project team, will work closely with:
Project Managers
Commercial Managers
Planning & Cost Managers
Project Engineers
Ability to interpret project information and determine appropriate IFRS accounting treatment.
Ability to use Excel spreadsheets (or equivalent package) to analyse large and complex data sets and provide useful management information.

Knowledge:

CCAB qualified accountant
Knowledge of SAP / Oracle accounting systems or other similar ERP systems

Type of Experience:

Experience in a Project environment
Experience in providing financial information to inform project decisions, recognising consequence against cost, schedule and quality
Experience in business planning, forecasting experience within a project environment.

The post-holder is expected to behave at all times in a manner consistent with the HS2 values of Safety, Leadership, Integrity and Respect

It is expected that you will actively promote and embed Equality, Diversity and Inclusion (EDI) in all your work and support and comply with all organisational initiatives, policies and procedures on EDI.