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Job Description
About the role
Balfour Beatty has an exciting opportunity for a Finance Manager to join our growing team in Newcastle.
With the support of the Head of Concession Finance, manage the financial affairs of a portfolio of Balfour Beatty Investments concession companies 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.
What you'll be doing
- Review the financial and operational aspects of concessions in conjunction with the Head of Concession Finance and Concessions Services team 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.
- Qualified to degree level (minimum of 2.1)
- Qualified accountant with significant experience
- Experience of PFI accounting preferrable but not essential
- Strong financial modelling experience
- Excellent technical accountant
At Balfour Beatty we are committed to creating a diverse workforce and an inclusive culture where everyone can be themselves and reach their full potential, not only because this is the right thing to do, but because it makes us a better business. To ensure we deliver on this commitment, we have a UK Diversity and Inclusion Action Plan which sets out the wide range of targeted, proactive, measurable steps we are taking to make this a reality. You can read our UK Diversity and Inclusion Action Plan in full at www.balfourbeatty.com/value_everyone
To help and support us with our desired commitment to create an inclusive culture we are members of WISE, enei, Business Disability Forum and Women into Construction. In 2020, we signed the Audeliss and Involve Open Letter to demonstrate our commitment to taking key long term and sustainable actions on Black Inclusion. Balfour Beatty is also a Gold Award holder in the Ministry of Defence 'Employer Recognition Scheme' and actively encourage applications from Armed Forces personnel, veterans and reservists.
As a Disability Confident Employer, we are committed to working with people who have disabilities and long-term health conditions to remove barriers for them in obtaining employment. We are also committed to offering applicants with a disability an interview if they meet the minimum requirements for the role.
Further information on Disability Confident can be found at: https://disabilityconfident.campaign.gov.uk/
About 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.
Supporting these projects, are dedicated and industry leading people delivering on our customer's needs every day.
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