Project Finance Business Partner

Project Finance Business Partner

We are recruiting for a Finance Business Partner on a permanent basis in Birmingham (hybrid, office based 2 days per week) Ideally, you'll be from a Construction background with project experience, who can think outside of the box and not afraid to challenge. You'll be part of the team responsible for developing and managing the entire end-to-end financial cycle including providing strategic advice and insight at both the corporate and Directorate level, the creation and management of a framework of financial governance, controls, and delegations and for the processing and management of day-to-day transactions, including the prompt payment of invoices.

The team monitors expenditure against the approved budget with reports to the Executive and the Board and works with directors and heads of department in managing their individual budgets.

As a Project Finance Business Partner, you will need to have/be:

• Ability to work as part of a matrix project team, working closely with Project Managers, Commercial Managers, Planning and Cost Managers and Project Engineers
• Ability to interpret financial information and determine appropriate IFRS accounting treatment.
• Ability to use Excel spreadsheets to analyse large and complex data sets and provide useful management information
• CCAB qualified accountant
• Knowledge of Oracle accounting systems or other similar ERP systems
• Experience in providing financial information to inform project decisions, recognising consequence against cost, schedule, and quality.
• Experience in business planning, forecasting experience within a project environment

Details:

• Salary: £47, 450 - £71, 000 per annum
• Working Hours: Full Time Monday - Friday
• Location: Birmingham (hybrid)
• Duration: Permanent

Role of Project Finance Business Partner:

• Corporate Governance/Managing Public Money
  • Provides guidance on the application of governance within area
  • Acting as the Chief Financial Officer's representative at monthly review meetings
  • Review and financial endorsement of Change and Investment Papers, challenging all risk/ opportunities/ ensuring programme impacts are clearly identified and any associated costs recorded
  • Representative on investment change panels
  • Providing assurance to the Delivery Director (DD) that reported expenditure and contract payments are appropriate.
• IFRS Accounting /National Audit Office (NAO)
  • Provides input to development of policies and Enterprise reporting and planning development
  • Provides guidance on appropriate IFRS accounting treatment of transactions (prepayment / accruals/ liabilities)
  • Provides justification and supporting evidence of accounting adjustments to NAO Auditors as required.
• Financial Reporting/ Month/ Year end
  • Oversee the month end financial accounts close
  • Prepare the accounts and plan for year-end audit
  • Complete monthly analytics of contract spend and accruals held and challenge budget holders
  • Provide budget variance commentary
  • Review and assure Programme Board Packs.
• Funding/Cash Flow
  • Review and challenge emerging forecasts and monitor against Spending Review (SR) funding
  • Propose remedial actions to Delivery Director
  • Work with Contractor's Finance leads and commercial to improve Actual Cost of Work Performed and cash flow data
  • Develop Cashflow forecast, challenge the supply chain submissions.
• Business Planning/Forecast
  • Support and maintain the Business Planning and forecasting process, providing guidance on planning principles and expectations as provided by business planning
  • Provides assurance to the Area Delivery Director that data provided by cost management / commercial is reliable.
• Budget Management
  • Supports Delivery Directors in determining the appropriate disaggregation & delegations to Sectors / Contracts
  • Facilitate system changes required and reporting requirements for budget management.
• Workforce Costs & Indirects
  • Provides Workforce Actual costs & forecast information to inform programme estimates
  • Challenges budget holders to achieve workforce objectives and optimise resources.

Benefits of working as a Project Finance Business Partner:

• a competitive pension scheme, with up to 12 per cent employer contributions
• a starting salary that reflects your skills and experience
• a cash allowance in lieu of benefits, which means you can choose which benefits are right for you and your family
• core company funded benefits such as life assurance, income protection and health cash plan
• 25 days annual leave plus public holidays
• access to tax-efficient voluntary benefits scheme & retail, health, leisure, and travel offers
• access to an Employee Assistance Program
• financial and health well-being programmes