Balfour Beatty

Finance Manager (12 Month Fixed Term)

Newcastle-Upon-Tyne, United Kingdom
Not disclosed
03 May 2021
10 May 2021
Approved employers
Approved employer
Contract type
Full time
Experience level
Qualified accountant

About the role

Balfour Beatty Investments has an exciting opportunity for a FINANCE MANAGER (12 MONTH FIXED TERM) to join our investments team to work in Newcastle upon Tyne.

Role Purpose:

  • With the support of the Head of Concession Finance, manage the financial affairs of a portfolio of Balfour Beatty Investments concession companies so as to optimize the value of investments, meet the IFRS and UK G P financial reporting requirements (to management, shareholders, clients and funders) and comply with statutory and regulatory obligations.
  • As a line manager support, motivate and inspire the leadership and development of the Concession Finance team.
  • What you'll be doing

    As a FINANCE MANAGER (12 MONTH FIXED TERM), you will have the following accountabilities:

  • Review the financial and operational aspects of concessions in conjunction with the Head of Concession Finance and Concessions Services team so as to optimise the balance of risk and return to shareholders;
  • Line management of Company Accountant to deliver Concession Finance services to a portfolio of schemes, including overview of and involvement with as necessary;
  • Monthly concession company reporting packages and ad hoc information to the shareholders;
  • Financial reporting systems and procedures;
  • Financial modelling;
  • Cash management;
  • Sales and purchase ledger accounting;
  • Financial aspects of insurance matters;
  • Where relevant, accounting for the Balfour Beatty side of shareholder support arrangements;
  • The conversion of UK G P accounts to IFRS and providing commentary for shareholder reporting purposes
  • Maintain detailed input to individual concessions as required supporting Company Accountants in line with risk appraisal and specific concession issues;
  • Ensure the Company Accountants provide a clear audit trail and that supporting documentation and explanations are readily accessible. Ensure transactions are processed accurately by the Company Accountants;
  • Reviewing concession management accounts and monitoring the activities and results of concessions and their performance against budget
  • Support Company Accountants on treasury issues, such as debt-draw downs, injections of funds by shareholders, banking arrangements and maximising deposit returns
  • Assist Company Accountants with the compliance aspects of the corporation tax affairs of each concession company and liaison with external auditors
  • Reviewing the draft statutory accounts of concession companies, produced by the Company Accountants, including the application and disclosure of technical accounting practices
  • Preparing and reviewing annual budgets and periodic forecasts of concession companies including the application of technical accounting calculations
  • Preparing and/or reviewing the maintenance and update of half yearly financial models for reporting to lenders and ensuring optimal distributions to shareholders;
  • Other ad-hoc financial modelling and risk analysis, including for Variations and in the Lifecycle planning process;
  • Maintain and enhance the systems of internal controls over accounting and other management systems through written financial policies and procedures
  • Fulfil the contractual obligations arising out of concession agreements and bank facility agreements.
  • Who we're looking for

    You will have the following qualities and experience:

  • Qualified to degree level
  • Qualified accountant with significant experience
  • Experience of PFI accounting
  • Experience of working in PFI concessions
  • Strong financial modelling experience
  • Personal Characteristics:

  • Effective communicator, both verbally and in writing
  • Comfortable and able to contribute at Board meetings
  • Team player
  • Ability to motivate, inspire and lead a team
  • Able to act on own initiative but recognises when matters should be raised to Head of Finance
  • Computer literate with spreadsheet, word processing packages and accounting systems
  • Ability to get things done, right first time, to tight timescales
  • Commitment to Balfour Beatty Investment Information Security Policy
  • Commitment to Balfour Beatty Values of Integrity, Teamwork, Excellence and Respect
  • Commitment to Balfour Beatty Zero Harm Agenda
  • Why work for us

    Day in, day out, our teams deliver amazing projects in challenging conditions; developing, managing and maintaining the vital infrastructure and public spaces that modern economies, societies and communities rely on.

    About us

    Balfour Beatty Investments is a global infrastructure investor operating in the UK, US and Canada. We provide the investment capability to deliver complex infrastructure projects. Over the past 21 years, Balfour Beatty Investments has established itself as one of the largest investors in the PPP industry, building a portfolio of more than 70 projects worldwide, predominantly in the UK and North America.

    In recent years, Balfour Beatty Investments has diversified into new markets and geographies, demonstrating a successful evolution. Our core markets include: healthcare, education, student accommodation, residential and military housing, highways and power and waste.

    We value diversity and celebrate individual differences, believing that our inclusive culture helps the business continue to grow as a strong, dynamic and innovative organisation.

    Balfour Beatty is a corporate signatory to WISE (Women in Science & Engineering). Our aim is to attract more people from diverse backgrounds to help us build on our inclusive culture. We are a member of the Top Employers' Charter through which we demonstrate our commitment to enabling parents to progress and enhance their careers whilst managing the challenges of family life.

    Balfour Beatty is also Gold Award holders in the Ministry of Defence 'Employer Recognition Scheme' and actively encourage applications from Armed Forces personnel, veterans and reservists.

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

    Similar jobs

    Similar jobs