FP&A Analyst, Commercial - 12 month FTC

The RoleThis is an exciting opportunity for a driven, enthusiastic and dynamic FP&A Analyst to join the Commercial Finance Team at Formula 1 on a 12 month FTC Basis.  Reporting to the Senior FP&A Manager, Commercial, the FP&A Analyst supports the delivery of the Group’s annual budgets and quarterly reforecasts and acts as finance business partner to their allocated departments.  With strong attention to detail, this role plays an important role in projecting future financial performance and contributes to continued improvement of FP&A processes.Main Duties and Responsibilities:

• Contribute to the annual budgeting / forecast cycle of your allocated departments within the London office
• Schedule and lead budget / forecast workshops to review departmental workings, challenge assumptions / projections and translate information into group budget templates.
• Prepare departmental budget / forecast summaries and present them during review meetings for consideration of the commercial directors.
• Complete budget / forecast packs and upload inputs to Microsoft D365.
• Draft commentary and variance analysis for F1 Group budget / forecast report.
• Report department results against budget / prior forecast with supporting commentary in a manner that helps departments understand and explain variances.
• Act as a finance business partner to allocated departments and regularly meet with departments to understand latest developments in their business areas and update finance management as required.
• Ongoing supervision of cost budgets, ensuring commitments are recorded via purchase order requisitions and budgets are not exceeded.
• Providing analysis of department activities that enables management to make informed decisions for the remainder of the year.
• Provide ad hoc financial support to commercial departments as required.
• Contribute to the month-end close by identifying any areas of missing revenue or expenditure and prepare journals for required manual accruals.
• Provide variance explanations to the financial accounting team responsible for closing the month.

Ideally to be considered for the role, you will have:

• Relevant financial qualification (ACA/ACCA/CIMA)

• Relevant industry experience would be desirable but not essential.

• Proficient in the use of Microsoft Office, particularly Excel and Outlook.
• Data consolidation and variance analysis; the ability to think into the future and weigh varying scenarios.
• Excellent communication skills, including the ability to clearly explain financial details and concepts in lay terms to senior management.
• Ability to apply a structured approach towards balancing multiple demands and priorities.
• Ability to operate effectively with all stakeholders including senior management.

Division:

Corporate