Health Unlimited are looking for a Commercial Finance Analyst to join the divisional finance team which consists of an FD, FC and 2 CFAs. This is a commercially focused role and a great opportunity to build and further develop strong commercial and business partnering experience. Ideally you will be studying towards a qualification such as ACCA, CIMA, ACA and have expereince in a media/marketing/advertising agency already.
As a Commercial Finance Analyst you will be responsible for all aspects of client finance such as revenue forecasting and recognition, job management throughout the life cycle including WIP reconciliation, support to client services on job related matters , SOW reviews and recoverability/profitability analysis, reviews and management.
As well as supporting the FC on commercial and management reporting and working capital, the role requires strong organisational, analytical and communication skills. You will work closely with Client Services where strong bonds and working relationships will be essential.
This is a hybrid role and our offices are based in Soho, London.
Key Duties
Revenue:
- Hold regular revenue meetings, review time vs revenue, add commentary on revenue movements and time variances.
- Support CS team on scoping , SOW reviews.
- Monthly Recoverability review meetings, take minutes and send to client services teams with agreed actions.
- Weekly Time reports review and send to CS teams. Time movements between jobs.
- Revenue posting in Workbook, reconciliation of revenue trackers with actuals, preparation of accrued/deferred revenue schedules.
- Oversee, assist and approve billings.
- Client set ups support.
Commercial Reporting:
- Monthly Commercial reporting for the division (Utilisation or Client profitability – responsibility for 1 report).
- Timesheets completion review.
- Support FC /FD with Resource Forecasting.
- Ad hoc commercial reporting.
Job Management:
- WIP management and analysis to ensure that all third party costs are billed on a timely basis, costs from the suppliers are on the correct jobs and that WIP jobs are reconciled and cleared down.
- Monitor and reconcile estimated vs actual 3rd party costs per project, flagging overspends as soon as they occur.
- Hold regular WIP meetings with client services teams. Take minutes and send to client services teams for confirmation together with the actions.
- Check price quotes in Workbook are correct and backup (client approvals & PO's) for jobs is saved.
- Review open PO's and advise client services teams to close where appropriate.
- Allocation of pass through 3rd party costs.
- Manage debit WIP that it is not older than 30 days.
Working Capital
- Support when requested Shared Services in resolution of ad hoc queries on credit cards/vendors.
- Review payment runs with commentary for FC approval.
- AP aging ledger review with Shared Services.
- Ad-hoc payment support.
- Debtors review with Credit Controller and support on queries on items older than 30 days.
- Raise invoices for intercompany recharges.
Month End support
- Maintain costs trackers ( subscriptions, T/E /Recruitment budgets).
- Weekly freelance tracker updates.
- Reporting templates update with actuals.
- Forecast template update for submission to the Group.
- Month end pack update for submission to the Group.
Requirements
- Studying towards professional qualification ( ACCA, CIMA, ACA, etc)
- Strong interpersonal and communication skills
- Agency experience will be a significant advantage
- Strong attention to detail and analytical skills
- Pro-active and solutions focused attitude
- Ambitious and looking to learn and progress
Benefits
The benefits we offer focus on better balance between work and personal life, rewarding all our dedicated employees, rejuvenating health, body and mind and career development. We understand that our people are what makes us excellent, just a snapshot of the extensive benefits package we provide to support you includes:
- Holiday Entitlement – 25 days per year, increasing by one day per year after two years of service (up to a maximum of 30 days per holiday year)
- Purchase Holiday – opportunity to purchase up to five additional days of annual leave per year
- Birthday Day off
- Christmas Office Closure (usually three days) – separate to holiday entitlement
- Flexible Bank Holiday Days
- Volunteering Day
- Enhanced Maternity/Paternity/Adoption benefits
- Pension Contributions - in line with auto enrolment guidelines, 5% employee contribution and 3% employer
- Electrical Car Scheme
- Tastecard
- Opportunity to Working Abroad (up to 4 weeks)
- Long-Service Awards – at each five-year milestone
- Healthcare cashback scheme
- Social events
As an equal opportunities workplace, we have a commitment to ensuring equal employment opportunity regardless of race, colour, ancestry, religion, socio-economic status, sex, national origin, sexual orientation, age, citizenship, marital status, neuro divergence, disability, gender, gender identity or expression. Whether you’re just getting your foot in the door, or you are an experienced employee whose life circumstances are shifting, we are committed to creating a workplace that reflects the world we want to live in and are therefore flexible to accommodate each individual's needs as best as we can.
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