- Budget Management: Develop and manage budgets for Skye projects, ensuring accurate cost estimations, and tracking expenditures against approved budgets.
- Cost Control: Implement cost control measures to optimize project expenses without compromising quality, constantly seeking opportunities for cost savings and efficiency improvements.
- Financial Reporting: Prepare and present financial reports to senior management, providing insights into project performance, cost trends, KPIs and overall financial health.
- Manage period end reporting cycles. Ensure compliance with Gated Business Lifecycle.
- Cash Flow Analysis: Monitor cash flow and liquidity, ensuring timely payments to vendors, subcontractors, and other stakeholders to maintain smooth project operations.
- Risk Management: Identify financial risks and implement strategies to mitigate them, ensuring compliance with financial regulations and industry standards.
- Financial Forecasting: Conduct financial forecasting and analysis to support decision-making, project future financial trends, and assess potential impacts on the business.
- Market Analysis: Stay informed about market trends, economic indicators, and industry benchmarks, utilizing this information to make informed financial decisions and adapt financial strategies accordingly.
- Financial Modelling: Develop and maintain financial models to evaluate the financial viability of potential projects, incorporating various factors such as construction costs, financing options, and market trends.
- Expect a good level of commercial understanding and experience of NEC option C and E contracts would be advantageous.
- Collaboration with Project Teams: Work closely with project managers, engineers, commercial, and other stakeholders to align financial goals with project objectives, providing financial guidance throughout the project lifecycle
- Ledger Management including Reconciliations, journals and validation of Revenue and profit reported.
- Auditing and Compliance: Coordinate internal and external audits, ensuring compliance with accounting principles, tax regulations, and other financial standards.
- Capital Planning: Assist in capital planning and investment decisions, evaluating the financial feasibility of tenders, net debt and ad hoc initiatives.
- Team Leadership: Lead, develop and mentor project management accountant, fostering a collaborative and results-oriented work environment.
- Continuous Improvement: Identify opportunities for process improvement within the finance department, implementing best practices to enhance efficiency and effectiveness.
- Tax Planning: Collaborate with BB tax professionals to develop tax strategies and ensure compliance with tax regulations, optimizing the company's overall tax position.
- Ad Hoc Analysis: Perform ad hoc financial analysis and reporting as needed, addressing specific inquiries from senior management or stakeholders and contributing to informed decision-making
- Experience in operating at a similar level as part of a project team
- ACCA or CIMA qualified.
- Demonstrable ability to form effective working relationships with multiple stakeholders;
- Ability to manage challenging situations;
Senior Finance Manager - Scotland, United Kingdom - Balfour Beatty
Description
About the role
Balfour Beatty has an exciting opportunity for a Senior Finance Manager to join our growing team.
As Senior Finance Manager for the Skye OHL and Cabling project you will be responsible for overseeing all financial activities, reporting, managing budgets, and other financial controls. You will be reporting to the Head of Finance providing financial planning, analysis of project costs, cash flow management, coordinating audits, providing strategic financial guidance to support the company's growth and profitability as well as other non-financial critical information.
You will be an integral part of the senior project management team and will be a key interface with the following stakeholders: Senior Skye project management team, internal business partners, other Project Finance Managers, Newcastle, BB Internal & External Auditors.
You will also ensure compliance with all Balfour Beatty Group and statutory accounting requirements.
Expectation is that you would be mostly project based to allow integration within the team, so travel would be expected. It would also be expected that attendance would be required for various business meetings across the business as deemed appropriate.
What you'll be doing
Who we're looking for
Why work for us
Day in, day out, our teams deliver some of the UKs most ambitious, exciting and meaningful projects; developing, building and maintaining the vital infrastructure that supports national economies and strengthens communities.