Head of Finance

Head of Finance
The Head of Finance will report to the Finance Director Highways and provide financial leadership for a portfolio of projects including RDP North Framework. The role will lead the operational finance teams and work with the Project and Commercial Managers to provide financial control and insights on financial performance and act as a champion to deliver change / best practice.

Responsibilities:
- Leading the financial management of the portfolio of contracts ensuring accurate reporting and forecasting of revenue, costs and cashflow.

- Ownership of the financial control framework ensuring compliance with Group policies and maintaining accurate cost capture, balance sheet controls and reconciliations.

- Collaborate with the Project and Commercial Managers to develop robust commercial financial reporting, forecasting, scenario analysis and risk management reflecting the project outturn & risk profile.

- Key member of the RDP Framework management teams, highlighting financial issues, risks & opportunities, contributing to the successful outcome of the schemes.

- Leading & managing the operational project finance teams.

- Driving efficiency and automation in financial & operational processes and acting as a champion to deliver change / best practice.

- Reporting, Risk and Forecasting

- Production of monthly reporting and forecasting requirements including analysis and commentary on results, forecasts and changes to cash-flow.

- Support the commercial team in the monthly production and review of the Contract Leaders Report (CLR), ensuring financial results, forecasts, KPIs and risks & opportunities are validated and explained.

- Lead financial reviews of the cost to complete, route to margin and understand impact of risks and opportunities on project profitability.

- Support project internal reviews and sector deep dive forecast reviews

- Ensuring overall reporting represents a fair and accurate reflection on contract performance in line with the relevant accounting standards.

- Lead contact with external auditors to ensure efficient financial audit
Drive improvements to improve project reporting and reduce commercial risk, working closely with commercial and project leads.

- Ensure effective operational cash management including client billings, timely supplier payments and Project Bank Account management.

- Lead production of robust cash forecasts, highlighting any funding requirements or changes to expectations.

- Ensure any WIP balances fully recoverable and work to ensure efficient cash management in any JV projects

- Ensure financial controls operate in line with project & group timetables.

- Maintain and review balance sheet reconciliations ensuring all items remain current and recoverable.

- Ensure effective processes in place for plant, material and subcontract orders, staff costs, expenses and timesheets ensuring accurate cost recording and maintenance of records

- Support or lead as appropriate finance elements of client audits, helping minimise disallowed costs and improving project cash flow.

- Lead the project finance teams, ensuring appropriate resourcing levels

- Coach and mentor the team, providing support and development opportunities for professional qualification and career progression.

- Ensure that annual appraisals for direct reports are fair and completed on schedule, and annual objectives are set in line with Costain objectives.

- Active member of the project leadership team, participating in strategies to ensure the contract delivers or exceeds targets.

- Identify and champion best practice from within and outside Costain to improve financial management including automation of processes

- Deputise for Highways FD as appropriate

- Lead on ad-hoc projects as identified

Essential:
- Qualified accountant with 8+ years post-qualified experience

- Experience in accounting for long term contracts

- Strong business partner experience in a senior finance role

- Clear communicator and excellent team-worker, builds effective relationships and influences across business functions at all levels

- Demonstrable ability to form, lead and develop a finance team

- Excellent excel and financial modelling skills

- Experience with risk analysis and scenario modelling

- Hands on approach to operational finance, comfortable with detail but able to communicate the wider picture

Desirable:
- Knowledge of Oracle E1 accounting system or similar

- Similar industry experience an advantage but not required #4208327
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Summary

Job Type
Permanent
Working Pattern
Full-time
Industry
Engineering
Location
North England
Specialism
Rail
Pay
competitive
Ref:
4208327

Talk to a consultant

Talk to Mike Mann, the specialist consultant managing this position, located in Leicester
1st & 2nd Floor, 2 Colton Square

Telephone: 01293220402