Management Accountant : Planning & Forecasting

Job Description

Management Accountant: Planning & Forecasting £50,000 - £60,000 + Bonus + Benefits (12 Month Fixed Term Contract)London THE COMPANY They are a highly regarded mid-size investment bank with over 270 employees. They have a commercial culture but are alsohighly collegiate and promote excellence in everything they do. They are now seeking to recruit an ambitious and technically sound individual for a 12 month fixed term contract. THE SUCCESSFUL CANDIDATETo be considered for this role, you should meet the followingcriteria:* Fully/part-qualified accountant ACCA, CIMA, ACA;* Good technical accounting knowledge and technical expertise which must include financial planning, forecasting, variance analysis and especially budgeting. * Experience of Hyperion Essbase and HyperionPlanning highly advantageous;* Attention to detail;* Highly numerate, strong academic background including good class of degree.* Proactive, commercially aware and strong communication skills;* Good analytical skills, problem solving capability;* Ability towork independently and effectively within a team.* Previous financial services experience would be advantageous but is not a pre-requisite. THE ROLEThe Finance department comprising of 12 people covers a broad scope of financial planning, recording, controllingand reporting activities from transactional accounting through to the provision of analysis and forecasting for decision- making. The department supports senior management in exercising budgetary and financial control in pursuit of the companys strategicobjectives. Reporting to the Management & Financial Reporting Manager, the role will include the following:* Maintain proper processes and procedures relating to the role.* Maintenance of reporting structures in Oracle Essbase / Hyperion Planning, and otherreporting data sources.* Manage the budgeting process to include:o Implementation of new budgeting system - Hyperion Planning (Ad-hoc project)o Review the whole budgeting process including Management involvement and sign off.* Assist and enhance annual writingof the business plan (bi-annual refresh)* Variance analysis between budgeted, forecast and actual costs - Prepare enhanced variance analysis information to allow management to understand where the actual performance has differed from the budget.o Quarterlyforecasting - feeds into controllable cost reportingo Review drivers - develop relevant drivers for each cost centre (currently these are defaulted to headcount however other drivers such as time allocations maybe more relevant for some cost centres)o Reviewstrategies with business headso Feedback against actuals* Assist Senior Management and Financial accountant with the production of business line reporting with allocated costs schedules for all business lines and cost centres.* Set up regular meetings withbusiness heads to discuss current performance and future forecasting requirements as part of quarterly forecasting.* Set up and enhance rolling forecast of the firm through collation of information from business heads.* Gain understanding in current reportingprovided by finance the company.* Assist with various tax reporting such as quarterly VAT returns and PSA* Liaise with the corporate department in the production of corporate finance fee invoices.* Produce daily bank reconciliations for the non-trade accounts.*Ad-hoc project work,