Job Title
Finance Manager - FP&A
Ref #
41313
Date posted
Monday, February 12, 2024
Country
United Kingdom
Location
Woking
Business area
Finance
Department
Finance
Position level
E - Management
Working time
Full Time
Contract type
Permanent
Working pattern
9am - 6pm Monday to Friday
Background

No restraints. No limitations. We don’t simply push boundaries. We completely rethink them. McLaren Automotive exists to create breath-taking performance road cars.

It takes a community to do what we do. A diverse group of people with many areas of expertise, united by their passion to deliver visionary products and set new benchmarks. 

McLaren Automotive commits to equal opportunity for all. Diversity, Equality and Inclusion is at the heart of our impact, it drives our innovation and enables us to truly create something special. Join us on our journey. 

Purpose of Role

As Finance Manager within the Reporting, Planning & Analysis team, you will perform a key role delivering coherent reporting and insightful analysis of financial performance both past and future. You will bring a business partner approach to the role and leverage technology to produce best in class reporting for the business and our stakeholders.

The role will require regular business partner interaction and collaboration with key stakeholders both within Finance and the wider business from Analyst to Executive Director level including regular contact with the CFO across the following key activities:

  • Budgeting
  • Business Planning
  • Forecasting
  • Reporting of Actuals
  • Scenario Analysis / Decision Support
  • Consolidation
  • Cash and Working Capital Reporting

You will work alongside other RP&A leads to run business planning and reporting processes whilst focusing on providing high quality financial information and business partner support to one business area. You will also be actively involved in the management and reporting of short to medium term cashflows, ensuring optimal utilisation of cash and working capital.

Principal Accountabilities

Budget and Business Plan

  • Responsible for coordinating the preparation of and critically analysing the annual Budget and long-term Business Plan for the Automotive and Services businesses. This will include the Profit and Loss, Balance Sheet, and Cash Flow Statement (direct and indirect), as well as all supporting analysis.
  • Lead on the production of insightful and accurate reference documents for Budget and Business Plan and ensure understanding and buy-in from budget owners across the business.

Reforecasting

  • Responsible for the coordination and preparation of reforecasts throughout the year and understanding key variances to Budget and prior plans.
  • Working capital and cash management
  • Production of accurate reporting of short term cashflows and alignment these to financial forecasts.
  • Support a culture of efficient and effective working capital management. Use tools to model impact of changes to forecast and suggest improvement to utilisation of cash and working capital.

Business Partnering

  • Develop strong business partner relationship with the wider Finance team with a focus on one business area for which you will be responsible for the delivery of all reporting and planning information.
  • You will be expected to not only produce high quality reporting but also to hold your business partners accountable, challenge where appropriate and suggest ways to improve financial performance and working capital management in their business unit.

Scenario analysis and decision support

  • Utilise tools to produce agile modelling of scenarios on an ad-hoc basis and be able to present and explain outcomes effectively.
  • Support business case preparation for items of major spend focusing on financial and non-financial impact of decision vs. doing nothing or doing something else.

Continuous improvement

·       Improve tools and processes both within SAP Analytics Cloud and Excel.

Knowledge, Skills and Experience
  • Minimum 2:1 degree in a relevant subject (Finance, Accounting, Economics preferred)
  • CIMA, ACA or ACCA qualified with a minimum two years’ post qualification experience preferably in Practice or a PLC environment.
  • Strong understanding of balance sheet and cash/working capital.
  • Working knowledge of tier 1 ERP system, preferably SAP.
  • Experience using planning tool, preferably SAP Analytics Cloud.
  • Demonstrable record of business partnering up to Director/Exec level in a challenging environment.
  • Experience producing high quality financial reporting suitable for presentation to Exec and Shareholders.
Personal Attributes
  • Strong technical accounting knowledge.
  • Ability to simplify complex financial models and understand key drivers of change within a large financial model.
  • Attention to detail and drive to ensure consistency and accuracy.
  • Business partner mindset and ability to challenge senior stakeholders when necessary.
  • Excellent communicator both written and verbally, with a strong ability to convey complex information simply.
  • Team player with a willingness to help colleagues during times of high workload and get involved in tasks outside of day-to-day role when required.
  • Proactive with a continuous improvement mindset.
  • Self-starter, self-motivated and displays initiative when working in a fast paced and challenging environment.