Senior Associate, Financial Analysis

Please note: that this role will close at 00:01 on Monday 4 May, and therefore we advise getting your application in by no later than midnight on Sunday 3 May.

We may close this vacancy early if we receive a high volume of applications. We therefore encourage candidates to submit their applications as soon as possible.

About Ofcom

As the UK’s communications regulator, we’re delivering vital work that helps keep the UK connected and shapes the future of how we’ll stay connected with each other. Our work covers everything from phones and broadband, through to TV, radio, the postal service, and wireless devices.

We’re also taking on the challenge of making the online world a safer place. And we need people of all backgrounds, skill sets, and experiences to help us achieve our goal of making communications work for everyone.

About the Team

This role sits within the Strategic Finance & Funding (SF&F) team which is responsible for financial planning, budgeting, forecasting and funding within Ofcom; working alongside the Group Directors and their teams to deliver these.

SF&F is a multi-disciplinary team that provides the organisation with the necessary support and expertise to plan and forecast both project and programme delivery, secure funding and review the subsequent performance of these. The team focuses on expenditure, income and financial controls; resource allocation and output delivery; business partnering and business case development.

Purpose of the Role

Reporting to a Finance Business Partner, the Senior Finance Analyst will work closely with the management team of an assigned business Group(s) and be responsible for conducting a range of activities including budgeting, forecasting, modelling, analysis, reporting and business case appraisal. The role will monitor actual outcomes and variances against Budget and Forecasts. This role also provides first line support/cover for the Finance Business Partner. This role is a 12-month fixed term position.

Your key responsibilities

• Work with the Finance Business Partner to provide value-added support, guidance, financial review and challenge to an assigned Group(s)
• Act as the financial point of contact for the assigned Group(s)
• Close month end management accounts in line with required governance frameworks and timelines
• Assurance of financial accuracy and completeness
• Develop, support, challenge and review business cases
• Work closely with the Finance Business Partner to prepare monthly Group Reporting packs by providing financial analysis and commentaries
• Meet with cost centre managers to review and manage their budgets
• Drive performance awareness across the assigned Group(s) through structured reporting, undertaking monthly analysis of financial results to include a review of variances, root-cause analysis and impact assessment
• Work with senior management within each Group(s) and in conjunction with the Finance Business Partner, develop annual budgets, quarterly forecasts and longer-term strategic financial plans (three-year time horizon) in line with overall timelines and requirements
• Work with the Finance Business Partner in support, provide oversight and management of the Group(s) portfolio of work
• Provide cover for team members within the Strategic Finance & Funding team as required
• Support the Finance Business Partner in regard to their responsibility for overseeing Group level risks
• Completion of ad-hoc projects and analytical reviews as required
• Collaborate with colleagues across the wider Finance team to ensure delivery of financial goals and accurate reporting

The skills, knowledge and experience you will need for success

• Demonstrable management accounting experience in a financial control/planning environment
• Forming Relationships: Ability to challenge the business to achieve results through building effective working relationships with colleagues across the organisation
• Channelling Influence: Demonstrable ability to influence stakeholders across levels
• Building Solutions: Ability to provide evidence-based solutions, appreciating the bigger picture without losing sight of the detail
• Articulating Ideas: Ability to communicate financial information clearly, both verbally and in writing, including to non-financial audiences
• Experience of reporting and analysis from financial systems, including reporting best-practice
• Designing and producing reports with accuracy in a variety of output formats e.g. PowerPoint, Excel and Word
• Experience of independently building and maintaining complex financial models in Excel
• Executing Plans: Ability to prioritise workload and effectively manage expectations across multiple internal stakeholders
• Ability to work to tight timescales with minimal supervision

Qualifications

A qualified accountant and member of a recognised professional body, either CCAB, CIMA, ACCA or equivalent is preferred, but not essential

In the absence of a finance qualification, significant relevant experience obtained through a multi-year career in a financial control/planning environment is required

Inclusivity Statement

At Ofcom we prioritise inclusive and diverse recruitment in order to truly reflect the society we represent.

Where positions are listed as full time, we remain open to reduced hours, part-time arrangements, job shares and other flexible working options from day one of employment. We warmly welcome applications from candidate returning to work after a break – for whatever reason.

As a disability confident employer, we offer interviews to any disabled applicant who meet essential criteria for advertised roles. Learn more about the scheme here.

If you need information in an alternative format or have specific preferences, please contact our recruitment team.