Balfour Beatty

Senior Finance Manager

Location
Scotland, UK
Salary
Not disclosed
Posted
05 Apr 2024
Closes
01 May 2024
Ref
BBUK08205
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time
Experience level
Manager

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

  • 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

Who we're looking for

  • 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;

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.

About us

As if contributing to and supporting work that makes life better for millions wasn’t rewarding enough, we offer a full range of benefits too. You'll have the freedom to shape the package thats right for you and your life. Here are some of our key benefits:

  • Smart working, giving you more flexibility such as staggered start and finish times, with up to 40% remote working, where roles allow.
  • 25 days paid annual leave (pro rata)
  • Family friendly policies which include 28 weeks full pay for maternity/adoption leave and four weeks full pay for paternity/partners leave
  • Pension, share incentive plan, volunteering leave, recognition schemes and much more

Balfour Beatty's Power Transmission & Distribution teams work with regional, national and international electricity network owners and operators to provide technical engineering solutions across the full spectrum of the electricity grid, including overhead lines, cabling, substations and distribution networks.

From scoping and feasibility, to design, construction and on-going maintenance, our in-house experts, flexible resources and industry-leading innovations support customers in the development of some of the UKs most ambitious power transmission and distribution projects.

Diversity and inclusion

At Balfour Beatty we believe that diversity and inclusion are essential components of any successful, happy workplace. Through our Value Everyone Diversity and Inclusion Strategy and Action Plan, we are growing our diverse workforce and developing our inclusive culture where everyone is able to thrive and reach their full potential, regardless of their identity or background. To find out how we are making this a reality, visit www.balfourbeatty.com/diversityandinclusion

We are a Gold Award holder in the Ministry of Defence 'Employer Recognition Scheme' and actively encourage applications from Armed Forces personnel, veterans and reservists.

As a Disability Confident Employer, we are committed to working with people who have disabilities and long-term health conditions to remove barriers for them in obtaining employment. We are also committed to offering applicants with a disability an interview if they meet the minimum requirements for the role. For more info, visit: https://disabilityconfident.campaign.gov.uk/

We are looking to continually improve our resourcing process and ensure that it is fair and inclusive for all. If you have any feedback on the process, please share this with us at: candidaterecruitmentqueries@balfourbeatty.com

For further information, and to apply, please visit our website via the “Apply” button below.

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