BT Group

Finance Manager - Fixed Assets

Recruiter
BT Group
Location
London, London, United Kingdom, United Kingdom
Salary
37000.00
Posted
29 Nov 2023
Closes
06 Dec 2023
Ref
26870
Approved employers
Approved employer
Job role
Finance manager
Experience level
Manager
Finance Manager - Fixed Assets
  • Are you an analytical expert comfortable navigating ambiguity?
  • Do you excel in stakeholder management?
  • Possess a financial qualification and a couple of years of experience?
If so, Openreach is seeking a Finance Manager - Fixed Assets Controller to join our London office on a permanent basis, offering flexible hybrid working.

This role holds significant importance in financial reporting and reports directly to the Financial Reporting Controller within the central finance team at Openreach. With Openreach investing approximately £3bn in Capex annually for the nationwide rollout of full-fibre broadband, the Fixed Assets Controller will be responsible for comprehensive financial reporting and control, encompassing Openreach's Capex performance and fixed asset base.

To succeed in this position, a deep understanding of the risks, assumptions, and drivers impacting business performance is crucial. This knowledge will facilitate effective communication of Openreach's underlying Capex performance, aligned with the commitments outlined in the Medium-Term Plan (MTP). You will also verify Openreach's fixed asset balances and ensure ongoing appropriate accounting treatment.

Moreover, this role offers an excellent opportunity to gain a comprehensive overview of Openreach. Your support within the broader controller community will be pivotal in ensuring the successful delivery of unit results.

If you are interested in this great opportunity, we encourage you to apply today or reach out for a confidential discussion. We look forward to hearing from you!

You'll have the following responsibilities

Execute complex central finance reporting and analysis, connecting financial outcomes and KPIs to elucidate Openreach's performance promptly.

Ensure adherence to all pertinent accounting standards and assess the integrity of accounting judgments.

Identify opportunities and devise risk mitigation strategies to ensure Openreach achieves committed Capex performance, contributing to the Outlook process.

Oversee the management of Assets In the Course of Construction, aiming to reduce unregistered assets. Establish and operate financial controls for these balances.

Manage Work In Progress across business units to facilitate concise reporting on movements.

Conduct the annual asset verification (AVR) process, validating Fixed Asset Register (FAR) values for Openreach using both operational and independent financial data sources.

Perform the annual asset life review (ALR) assessment to identify triggers warranting a change in an asset's useful economic life.

Conduct impairment reviews, as needed, for asset classes listed in the fixed asset register.

Collaborate with BT Group finance and external auditors to agree on accounting treatment and recommendations regarding the AVR, ALR, and Impairment review processes.

Provide assurance regarding Capex-related costs charged to Openreach from BT Group.

Implement continuous improvement initiatives to enhance the efficiency and accuracy of Capex and fixed asset reporting.

You'll have the following skills & experience

Collaborative team player, adept at fostering accountability through a supportive yet challenging leadership approach, consistently meeting personal commitments.

A qualified accountant with strong technical expertise, capable of applying accounting standards effectively.

Comfortable engaging extensively with large volumes of data, conducting thorough analyses, and driving actionable insights.

Proficient in matrix-managing cross-functional teams for intricate, multi-phase solutions.

Demonstrated leadership and coaching skills, guiding team members and offering operational guidelines while possessing deep knowledge in specialised areas.

Leads, advocates, and effectively manages conflicting priorities, taking ownership of successfully delivering key finance programs across the organisation.

Sets agendas, identifies opportunities, and advocates for the highest standards of best practices, providing valuable insights into finance domains or specialised areas.

Benefits
  • 25 days annual leave (plus bank holidays)
  • 10% on target bonus
  • Pension scheme, if you contribute 5%, BT contribute 10%
  • Flexible benefits: cycle to work, healthcare, etc.
  • Electric vehicle salary sacrifice arrangement - means you don't pay any tax or National Insurance on the pay element, reducing the cost of the car over 2 or 3 years.
  • Discounted BT products, TNT Sports, retail vouchers and other great benefits
About Openreach

Openreach Limited is a wholly owned subsidiary of BT Group. We look after the copper wires and fibre cables that connect homes and businesses to phone and broadband. Our customers are the 650+ communications providers who sell phone and broadband services to these households and businesses.

About Openreach
We employ more than 35,091 people who install, support and maintain the wiring, fibres and connections which link tens of millions of homes and businesses in the UK to our customers' networks.

A FEW POINTS TO NOTE:

Although these roles are listed as full-time, if you're a job share partnership, work reduced hours, or any other way of working flexibly, please still get in touch.

DON'T MEET EVERY SINGLE REQUIREMENT?

Studies have shown that women and people who are disabled, LGBTQ+, neurodiverse or from ethnic minority backgrounds are less likely to apply for jobs unless they meet every single qualification and criteria. We're committed to building a diverse, inclusive, and authentic workplace where everyone can be their best, so if you're excited about this role but your past experience doesn't align perfectly with every requirement on the Job Description, please apply anyway - you may just be the right candidate for this or other roles in our wider team.

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