Financial Planning and Analysis Manager Financial Planning and Analysis Manager …

Bazalgette Tunnel Limited
in London, England, United Kingdom
Permanent, Full time
Be the first to apply
Bazalgette Tunnel Limited
in London, England, United Kingdom
Permanent, Full time
Be the first to apply
We are currently looking for a Financial Planning and Analysis manager to join Tideway. The role is primarily responsible for providing analysis and financial oversight, on the short to medium term performance of the business. The individual will provide clear guidance and insight demonstrating the effect of changes on the long-term financial performance of the project, via the company’s financial model.

The successful candidate will be accountable for reporting on the overall performance of the project, which will include analysing also challenging information provided by various internal teams within Tideway.

The Financial Planning and Analysis manager will work with the CFO and Head of Finance, to provide clear and concise information to leadership team within Tideway, also external key stakeholders including shareholders, investors and government representatives.

Responsibilities will include:

  •  Accurate and timely production of information describing overall financial performance, of both historical and forecast costs, on a monthly basis for the project.
  • Develop and produce high level financial information for budgeting and planning purposes. This will include:
  •  Working with the Treasury and PMO teams to deliver the long-term financial planning, which forms part of the annual Financing Plan
  • Working alongside the Financial Controller collating core information taken from Tideway’s financial model which forms part of the OAB (Original Annual Budget)
  • Working with the Strategy and Regulation team to provide key information from Tideway’s financial model which forms part of the targets within the annual Business Plan
  •  Act as the senior financial contact for the Financial Model, providing guidance and support to the Finance Analyst.
  • Ensure the model is kept up to date and continues to provide timely and accurate information to key stakeholders.
  • Provide financial oversight, challenge and analysis in all areas of Direct Cost reporting including;-
  • Reconciliation of change cost movements, coordinated with the PAO team, outlining the impact on Contingency Allowances within the Funding Baseline; 
  • Ensure regular reconciliation of Trend and Risk Movements in the EAC (Estimate at Completion) and ensuring the accounting impact is properly recorded and updated.
  • Participate in the appropriate review forums on the progress of both Cost Efficiency and Cost Avoidance initiatives, ensuring the financial impact of any changes are accurately reported in the EAC.
  • Organise regular review and communication with the Commercial Team to ensure the Contractor also Alliance Incentives are properly tracked and assessed in the reported EAC and  correctly recorded in the costs to date.
  • Work closely with the Financial Control and Programme Assurance Office (PAO) teams, to enable correct interpretation of all direct costs, also demonstrate the impact these costs have on the Company cashflows and longer term cashflow predictions in the Financial Model.
  • Financial review and oversight of the PM’s performance, costs and incentives
  • Develop a detailed understanding of the key financial drivers for the business, the impact potential changes may have on important borrowing covenants and KPI’s.
  • Develop a familiarity with some of the key requirements in the corporate borrowing documents and Common Terms Agreement (“CTA”).
  • Provide financial oversight and challenge in forums such as Change Request Forum (“CRF’s”).
  • Constantly seek opportunities to either drive further efficiencies and reduce duplication.
  •  Work alongside the Financial Controller to review Indirect Costs and participate in any adhoc projects as specified by either the Head of Finance or CFO.

2.  The ideal candidate will have the following proven experience:

  •  Significant experience of working for either a large multi-site contractor or major project environment
  • A good understanding of Earned Value Analysis (EVA) to determine trends in performance, measured against a set baseline, and any impact on the reported EAC.
  • Experience in asset valuations and familiarity with performance reporting metrics such as IRR (Internal Rate of Return) and liquidity ratios
  • Experience of interpreting legal documents to understand financial reporting and compliance requirements
  • Skilled in managing and operating large sophisticated Financial Models
  • An understanding of or demonstratable past  experience in dealing with Investors / Shareholders in environment with a large borrowing or debt portfolio.
  •  Good understanding of major project delivery structures.
  • Experience of using NetSuite accounting systems or EcoSys cost control systems would be an advantage but is not essential

The ideal candidate will have the following skills and competencies:

  •  Strong attention to detail, with strong documentation skills.
  • A willingness to question the status quo and provide financial rigour in all areas of the business.
  • Takes initiative and accountability for delivery of quality information to all business users.
  • A logical thinker with good problem-solving, analytical and decision-making skills.
  • Strong stakeholder management skills, with the ability to build and create lasting relationships.
  • Excellent commercial acumen and experience of driving a “value for money” in the areas of influence.
  • A fully qualified accountant preferably with a degree in any discipline

What we will offer you

  • Private Medical Insurance
  • Health check
  • Bonus
  • Matched Pension Scheme
  • 30 days leave
  • 5 days of paid volunteering
  • Life Insurance
  • Season Ticket Loan

To apply for this role please submit your CV, also a covering letter, to

Diversity helps to make London a great place to live and work, and we aspire to this diversity being reflected in our workforce. We know that diverse teams contribute new and different ways of thinking and working and raise overall performance. We also know that people are at their most productive when they feel included and valued. That’s why diversity and inclusivity are key to our business strategy.

We are one of The Times Top 50 Employers for Women, a Stonewall Diversity Champion, a proud signature of the ‘Ban the Box’ campaign, and Disability Confident Committed Employer.

We pride ourselves on providing employment for disabled employees, providing support and adjustments during the recruitment process, and wherever needed in the working environment. We offer a guaranteed interview scheme for suitably qualified disabled applicants.