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    Finance Procurement Controller - London, United Kingdom - Channel 4

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    Description
    Group Financial Controller
    Group Financial Controller


    Department:
    Finance

    Channel 4's Finance team has a vision of being trusted advisors, supporting and informing decision-making through insightful analysis, expert opinion and timely and accurate reporting.

    Efficiently and effectively ensuring the sustainability of Channel 4 through a strong system of financial control and compliance.

    A unique opportunity to join a finance team that is transforming itself to provide strategic financial and commercial support that will underpin the successful execution of the Fast Forward Strategy.

    The Group Financial Controller is part of the Channel 4 Finance senior leadership team;
    Drives financial discipline ensuring strong financial controls alongside accurate reporting of all critical finance measures (BS, P&L, cash and KPI's for actual performance against forecasts, budgets and Plans)
    Accountable for the development and implementation of the financial, tax and capital frameworks that will underpin the Fast Forward Strategy
    Identifies opportunities to simplify financial systems and processes, constantly innovating to improve the efficiency and effectiveness of the finance operating model
    Leads on internal and external financial reporting processes to key stakeholders : internal stakeholders will include the CEO Committee, Executive Management Board, C4 Board, Board committees (Audit & Risk and RemCo) and key external stakeholders UKGI, DCMS and Ofcom
    Act as a Deputy to the CFO as needed and works closely with the finance leadership team to transform the finance organisation, across all dimensions including people, systems and processes
    Leadership responsibility for the shared service functions, based in Leeds, and the treasury & tax functions
    Provides advice on financial, tax and treasury developments that may impact the future strategy of Channel 4

    The Group Financial Controller has [4] direct reports across Management and Financial Accounts, Tax, Treasury and the shared service Transactions teams.

    Financial Reporting & Control
    Leading the Financial and Management accounts teams to deliver the requirements as detailed in the finance reporting timetable:
    Create high quality monthly Board and committee management financial reports
    Provide information and analysis required for the performance updates for quarterly stakeholder meetings (including Ofcom, UKGI, the DCMS and the Shareholder Executive)
    Lead on the internal year end process including critical accounting issues or judgments, relationship with external auditors (including Schedule 9), Audit Committee papers and the Channel 4 Annual Financial Statements, and presenting to the Audit Committee
    Oversee the preparation of statutory accounts for all group subsidiary entities and all other statutory and regulatory returns
    Manage the core financial control environment, including regular reviews of each business's balance sheet within the group to identify any emerging issues
    Track performance against agreed Remuneration Committee targets and contribute to pay review and variable pay proposals
    With respect of FP&A, collaborating closely with the Head of Commercial Finance, specifically to:
    Highlight and quantify the key risks and opportunities to be included when monitoring our rolling annual financial forecasts, Budgets and Strategic Plans
    Contribute to the completion of the quarterly business performance reviews by the CFO
    Support the review and completion of the financial analysis for the group including 12 month rolling cash forecast, Capex and fixed asset maintenance, channel profitability reporting and development of the performance reports
    Work closely with the Head of Business Assurance on relevant reporting relating to the control and compliance environment of Channel 4, working to resolve and report on Internal Audit findings and provide information and updates for the Audit & Risk committee
    Responsible for the Leeds-based teams with the Head of Finance Shared Services as a key direct report. Accounts Payable; Accounts Receivable; Tax
    Oversee small team responsible for executing all areas of business tax compliance and advice and ensure that all tax activities are in accordance with the Corporation's tax strategy:
    Manage the Corporation's relationship with HMRC and low risk tax status

    Oversee the tax compliance programme including direct and indirect tax returns and payments, including Corporation Tax, VAT and PSA, and the application of appropriate tax reliefs.

    Deliver annual Senior Accounting Officer certification process
    Review of Tax Planning Strategy and management of any tax implications from the future business strategy, including the identification of new tax opportunities
    Treasury
    Oversee key controls required to manage cash effectively including daily cash flow and dealing, bank reconciliations and investment strategy in line with the group's financial strategy:
    Oversee the maintenance and utilisation of the revolving credit facility (RCF) and monitoring related covenants (financial and ESG)
    Manage current and future working capital facilities and identify ways to manage and mitigate seasonal swings in liquidity
    Overall responsibility for treasury procedures in line with Treasury Policy and development of the Policy
    Develop and maintain key banking relationships
    Financial Systems
    Responsible for championing the core systems required to enable the financial reporting of Channel 4, ensuring they are adequately supported and enhancements strategically planned for, including:
    Developing effective working relationships with the Financial System transformation lead and the relevant persons within the Technology team
    Provide leadership and direction to the finance team.

    This includes playing a lead role in developing the finance capability:

    Play a lead role in attracting diverse finance talent to Channel - role modelling finance values and behaviours internally and externally
    Comfortable working in a highly results focused, complex creative organisation, undergoing significant transformation
    Significant Controller level experience of Management and Financial reporting, including responsibility for leading the audit and completion of Statutory Accounts
    Proven experience of building excellent working relationships with a broad range of senior executives
    Well organised and comfortable working across multiple areas, flagging the important issues and risks in a timely manner
    Previous media/advertising/creative industry experience preferred


    Hybrid Working:
    From September 2023, C4 has operated a 60/40 working pattern, equating to three office days per week.

    Having everyone in the office three days a week gives us more opportunity to build our high performing, inclusive culture; to collaborate and to learn and share with each other, as well as helping to coordinate a regular pattern of home and office working days.

    These questions really help us get to know you better and we won't be able to consider your application without them.

    ~ Private medical insurance with NO EXCESS


    • Free Virtual GP access for employees
    • Free Female Health hormone test each year
    • Financial guidance 1-2-1's available each quarter
    • Discounted Gym memberships
    • Pension
    • Life Assurance
    • Holiday Buy/Sell

    by representing unheard voices, challenging with purpose and delivering content which reflects the diversity of different communities across the UK.

    We are only able to deliver on this remit by having a workforce rich in diversity of thought, background and lived experience.

    As an employer we encourage applications from candidates from all backgrounds and do not discriminate based on disability, age, gender reassignment, gender expression, criminal history, length of time spent unemployed, marriage or civil partnership status, national origin, pregnancy and maternity status, race, religion or belief, sex, and sexual orientation.


    Disability Confident Scheme:

    Channel 4 is a member of the Business Disability Forum (BDF) and has also maintained the highest level of the Department of Work and Pension's Disability Confident scheme - Level 3: Leader.

    Under the Disability Confident Scheme, we aim to offer an interview to all candidates who have a neurodiverse condition, impairment or long-term condition and who meet the essential criteria for an advertised job.

    If you wish your application to be considered under the Disability Confident Scheme, please select yes when completing the application questions.

    For more information, please visit the Disability Confident Campaign website.

    By signing the Care Leaver Friendly Employer Charter and adopting its principles, we are supporting an immensely talented yet often under-served and under-represented community of young people/ adults.

    We are committed to providing disabled applicants a level playing field when applying for a job and support whilst employed to perform to the best of their ability and develop their careers.

    If you have a neurodiverse condition, impairment or long-term condition and require any adjustments, additional support or alternative arrangements during the recruitment and wish to discuss this confidentially, please let us know via the following e-mail .



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