Global Rtr Process Lead - London, United Kingdom - British Council

British Council
British Council
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London, United Kingdom

3 weeks ago

Tom O´Connor

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Tom O´Connor

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Description
Global RTR Process Lead


Date:16-Mar-2023


Location:
London, UKM, GB


Company:
British Council

We support peace and prosperity by building connections, understanding and trust between people in the UK and countries worldwide.

We work directly with individuals to help them gain the skills, confidence and connections to transform their lives and shape a better world in partnership with the UK.

We support them to build networks and explore creative ideas, to learn English, to get a high-quality education and to gain internationally recognised qualifications.

Working with people in over 200 countries and territories, we are on the ground in more than 100 countries. In we reached 650 million people.


Job Title - Global RTR Process Lead

Role purpose:


The purpose of the role is to own and be accountable for global finance processes for Record to Report (RTR).


The Global Process Owner for Record to Report (RTR GPO) will ensure that there are efficient and fit-for purpose processes in place to collect, process and present accurate financial data, which supports informed decision making and compliance with external regulatory and reporting requirements.

The RTR GPO will ensure that RTR processes are consistent with the British Council's Strategy, objectives and operating environment. They will drive continuous improvement and leverage technology to achieve best practice in RTR processes. They will act as a champion for compliance, actively monitoring compliance and ensuring that non-compliance is addressed.

They will set minimum standards for performance of RTR processes and monitor performance.

They will develop constructive relationships with Shared Service providers, holding them to account and working with them to drive improvements.


The RTR GPO must be comfortable challenging senior stakeholders to ensure consistent, clear, and efficient processes are in place and that these are consistent with business needs whilst complying with financial accounting standards and the British Council's accounting practices and corporate policies.


They are expected to proactively engage with groups carrying out change, ensuring that related finance processes remain fit for purpose.

They are required to sign off their approval for any change to these processes working with senior stakeholders to ensure that any change is relevant, and that adequate change planning and training is in place.


Role Context


The British Council is implementing a finance transformation programme and the GPO will play a key role in designing and implementing efficient processes and aligning RTR processes with the new Target Operating Model.

The GPO will have to work effectively with the Shared Service Centre, which may be provided by an outsourced supplier.

The British Council follows the 'three lines of defence' model.

The GPO is part of the second line of defence providing the policies, frameworks, tools, techniques and support to enable risk and compliance to be managed in the first line (staff and management) and monitoring the effectiveness of processes and controls.

They play a key role in increasing awareness of the importance of RTR processes and embedding a culture of compliance.

Managing diverse stakeholder relationships and keeping abreast of wider corporate developments and new initiatives is key to the success of the role


Key relationships include:

  • Director Finance Operations
  • Director Finance Transformation
  • Finance Global Process owners
  • Head of Finance Shared Services Centre and/or outsourced service provider
  • Regional Financial Directors, Controllers and Compliance Managers
  • Head of Planning and Reporting
  • Financial Governance and Policy Team
  • Financial Reporting team
  • GIS SAP Team and other GIS managers

Main Accountabilities:

Leadership & management

  • Process design to design and implement efficient record to report processes to support accurate and timely financial reporting.

This includes but is not limited to:
- transaction recording including master data, journals, tax accounting and foreign exchange
- period end close including processes, timetable and reconciliations
- consolidation including intercompany and
- fixed assets management and accounting and
- reporting including budgetary monitoring and management information and external tax and financial reporting in line with regulatory requirements.

  • To ensure that policies defining minimum control standards and governance over RTR activities are in place and communicated to stakeholders so that standards are clearly defined and understood.
  • To review and sign off change requests to processes to ensure that RTR processes continue to meet their objectives and operate as designed.
  • Delivery model to own and maintain process documentation including process maps, standard operating procedures and training materials, and ensure that training is delivered to relevant stakeholders so that processes are clear, unde
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