Description
About Group Cost Management
Group Cost Management (GCM) provide active management of the Group's cost base through budgeting, forecasting, month-end and financial advisory; they are subject matter experts for their respective business covering processes, systems, people and strategy.
We are an equal opportunity employer and we are opposed to discrimination on any grounds
Overall purpose of role
The role sits in Group Cost Management (GCM); in the Group O&T Finance CFO team. It provides proactive management of cost base through budgeting, forecasting, month-end reporting together with provision of financial advice to our key clients. Team members are subject matter experts for their respective business covering processes, systems, people and strategy.
Key aspects of the role include:
- Provide cost management support for the Service Areas within Infrastructure Services cost base, covering both RBB and IB ledgers
- Apply accounting knowledge to monthly and quarterly accounting processes and produce monthly financial report to Finance Business Partners
- Articulate financials, accounting entries to team leader, CFO FBPs and in-business stakeholders
It is also imperative to build strong relationships, becoming a trusted advisor, while at the same time providing critical challenge.
Key Accountabilities
The role has the following main areas of responsibility/key accountabilities:
Financial Reporting & Budgeting (70%)
- Maintain all financial records for responsible cost centres including journal posting, accruals, prepayments, resource allocations, new cost centre creation etc.
- Manage hierarchy of respective cost base and ensure it aligns to changing business structural requirements
- Month end ETA reconciliation and forecasting
- Produce monthly financial report including variance analysis and account line reconciliation to budget/forecast
- Production of monthly balance sheet pack
- Review and ownership of aged accruals and prepayment profile for RBB
- Help manage and co-ordinate the medium-term planning process, the short-term and intra-year planning processes for Infrastructure Services Technology
- Review and improve processes with a view to gaining efficiencies
- Ad hoc analysis and support of deep dive reviews
Financial Control & Governance (20%)
- Monthly Inform account reconciliation
- Production of quarterly attestation
Relationship Management (10%)
- Regular communication with Infrastructure Services FBP and other key stakeholders
- Liaise on a regular basis with offshore support resources in Noida
Risk and Control Objective
Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards
Person Specification
Essential
Technical Knowledge/Professional attributes
- An individual with strong finance experience - experience in what? with the drive to deliver results on both planned and unplanned deliverables.
- Recognised Accountancy qualification (ACCA/ACA/CIMA) or relevant experience
- In depth experience and understanding of finance processes/controls and tax implications involved in developing offshore operations.
- Excellent Excel, PowerPoint/Thinkcell. SAP P11 skills - proven ability to develop and deliver presentations that having structure and depth is critical.
- Ability to interpret financial analysis and make cost effective recommendations and challenges
- Expert knowledge of Finance best practice industry standards
- Ability to work efficiently and collaboratively in order to ensure the timely resolution of issues.
- Strong communication skills to ensure effective liaison with peers and senior stakeholders
- Strong organisational and planning abilities, to ensure that diverse tasks are managed & delivered to agreed timescales and standards
- Ability to drive forward initiatives in order to maintain a more robust control process
- Proven ability to challenge decision making
- Flexibility