ob Summary
The Business Unit (BU) Finance Manager has responsibility to coordinate and assess financial activities of the BU finance department and to provide financial advice and support to the Finance Business Partner (FBP) and key stakeholders within the Transport sector to ultimately enable them to make sound business decisions. This includes reporting and analysis of financial data, closure of month-end processes and providing financial information to the FBP in a timely and accurate manner. In addition, to play an integral role in the Budgeting/Forecasting cycles.
Responsibilities
- Monitor Accounts Receivable & Payable function for the Transport Contracts and ensure that it is carried out smoothly
- To contribute towards maintenance of the overall financial control environment through ensuring that the department policies and procedures are adhered to viz. PO procedures, signing off authority limits, bank mandates and expense guidelines
- To actively manage purchase order housekeeping and issues
- To lead in training and mentoring of administrative staff impacting finance
- Liaising with the Shared Service Centre on a daily basis ensuring smooth flow of accounting activities
- Balance sheet, banks & intercompany reconciliations on a monthly basis
- Monthly Journals review prior to closure of books of accounts
- Monthly scrutiny of books of accounts prior to closure
- Monthly scrutiny of GL code classifications
- Effective management of Intercompany charges
- Review of monthly client invoices and approval in Maximo where applicable
- Ad-hoc cost reports to the business
- Monthly Management Report preparations for each contract with a focus on Dubai Metro departmental reports with transactional detail
- Assist in Monthly, quarterly and annual reporting requirements
- Assist the FP&A manager with reporting in line with divisional and group requirements
- Have direct dealings with counterparts within the client organisations
- Work with the finance and commercial team to produce claims, variations and project proposals;
- Ensure financial records are maintained in compliance with accepted policies and procedures
- Providing support across multiple contracts within the Transport Sector
- Providing financial advise across the Transport contracts with regular liaison with the contract GM’s
- To review and ensure Cash Flow is managed effectively with a key focus on collecting debt from clients
- Responsible in compiling budgets and to have regular meetings with line managers and budget holders
- Manage Transport contract budgets aligned with the Serco group defined target, challenge the line managers and budget holders if their planned budgets are beyond the target
- Ensure all new starters receive a full departmental induction and all necessary training for them to become competent in their role within their probation period in conjunction with the Training Department
- Ensure the on-going competence of all team members and arrange any training that may be required to ensure up-skilling and continuous development of staff capability
- Own the competence management system for the team and regularly audit competence records to ensure correct completion
- Review non-conformances raised against the department regularly and assign resource to close out overdue Non-Conformances (NCs) within agreed timescales
- Lead, manage and motivate team-members including coaching
- Complete annual and mid-year appraisals and identify any sub-standard performance or behaviour and ensure corrective action through employee development plans
- Exposure to senior management across the business including regional head office
- To lead on improvement initiatives and innovation to assist in driving and/or tracking of cost saving initiatives and promote lean practices
- To deputise for Finance Business Partner in regards to both internal and external requirements
Required Skills
- Knowledge of finance, accounting, budgeting, and cost control principles
- Knowledge of financial and accounting software applications;
- Ability to analyse financial data and prepare financial reports, statements and projections
- Bachelor’s Degree in Accounting is preferable
- Knowledge and experience of related computer applications including advanced Excel skills
- SAP knowledge;
- A qualified accountant. Ability to positively influence key stakeholders within the business.
- Good time management and organizational skills.
- Ability to handle confidential information appropriately.
- Ability to liaise in a professional manner with staff at all levels in the organisation and with external parties.
- Ability to develop self and own team members and provide coaching to others to ensure they achieve results
- Good communication skills, both written and verbal, and the ability to manage multiple tasks efficiently and work productively in a fast-paced, team-oriented environment.
- Ability to understand complex systems and possess good IT skills.
- A mature, proactive and detail oriented individual.
- Strong analytical and numerical skills.
- Stay abreast of changes in financial regulations and legislation.
