Unspecified
Job Title: Finance Manager - Rates & Government Accounting
Function: FINANCE
Duration: Permanent
Hours: Full time 37 hrs
Location(s): Harlow (Essex) or Glenrothes (Scotland) with Hybrid working with a minimum of 2 days a week on site.
Security Clearance Requirements:SC Eligible
Raytheon UK
At Raytheon UK, we take immense pride in being a leader in defence and aerospace technology. As an employer, we are dedicated to fuelling innovation, nurturing talent, and fostering a culture of excellence.
Joining our team means being part of an organisation that shapes the future of national security whilst investing in your growth and personal development. We provide a collaborative environment, abundant opportunities for professional development, and a profound sense of purpose in what we do. Together, we are not just advancing technology; we're building a community committed to safeguarding a safer and more connected world.
About the role:
A key role supporting the Head of Finance – Operations to deliver business advice and coordinated management of rates and government accounting. It will directly impact the profitability and competitiveness of the organisation and cuts across all functions and business, offering a wide exposure to senior leaders on both tactical and strategic issues.
Responsibilities:
Owning senior leadership team relationships and leading and owning output of a team of experienced professionals that are responsible for:
Rates submissions
1. Owning Long Range Plan (LRP) and Annual Operating Plan (AOP) rates (absorption costing) cycles
2. Developing and calculating, for all rate decks:The estimated and actual costing and pricing overhead and G&A rates that will be used to price bids and be charged to backlog contractsThe estimated and actual average labour rates that will be used to price bids and be charged to backlog contracts
3. Drive collaboration, focusing on outcomes, with Business Programme Finance (BPF) to maximise recoverability of R&D and bid costs through rates
4. Effective problem solving and investigation skills are essential in providing solutions to unstructured challenges, such as new ways to perform strategic pricing
Rates Management
5. Be the single point of contact for rates analysis/reporting/queries. Developing and managing key relationships to deliver outcomes, such as:Liaising with Business Programme Finance (BPF) to understand all business labour, material, ODC, subcon, R&Os, and investment (NBI, CFR, inventory) drivers of the recovery positionLiaising with Senior FM – Functional Business Partnering to understand all functional labour, utilisation, headcount and indirect cost drivers, R&Os, disallowables, depreciation, Corporate Brochure, RDEC and average labour rate impacts to the recovery position
6. Providing BPF and FP&A with recovery forecasts/budgets and R&Os, along with detailed analysis, to support pre close, close and AOP/LRP planning cycles:Calculating under/over forecasts for all rate decks, for all forecast/budget cycles incorporating business, functional and Central Finance inputsOwning the consolidated R&Os register for rates (functional and business inputs)Regular partnering with Mission Area Leads / BPF to ensure that the recovery analysis provided is well understood, including:Owning and briefing Marketing & Selling recharge to the BusinessOwning and briefing disallowables recharge to the business
7. Own ad hoc rates exercises, e.g. mid-year reforecasts. Responsible for managing net recovery what-if scenarios on changes to functional forecasts or business COS forecasts.
8. Creating Leadership Team (LT) ops reporting for rates
9. Owning control tower submissions
10. Creating speaker notes for LT Ops
11. Owning rates PowerBI dashboard. Ensuring it is maintained, reconciles to source systems, is continually improved, etc
12. Maintaining COGNOS rates model. Collaborating with DT to ensure availability, and that system always reflects latest rate deck structure, e.g. allocations
13. Owning systems related roll-out of new rates, e.g. SAP, PMX and COGNOS implications
14. Supporting the implementation of new Finance Systems and associated processes as it relates to functional forecasting and rates
Government Accounting:
15. Ensure RSL’s financial compliance with the Defence Reform Act (DRA) and Federal Acquisition Requirements (FAR) throughout the contract lifecycle, from bid to close out
16. Own RSL’s relationship with CAAS (UK MOD Auditors)
17. Own RSL’s relationship with the Single Source Regulations Office (SSRO)
18. Own RSL’s relationship with the Defence Contract Management Agency (DCMA)
19. Be the single point of contact for CAAS, SSRO and DCMA:Manage, review and submit all reporting to these bodies, including, but not limited to, rates reporting, programme reporting and SME/Supplier ReportingManage, review and submit all responses to requests from these bodies, including all audit activityManage, review and submit all consultation responses to the SSRO
20. Coordinate all programme reporting and programme audit activity with MOD
21. Ensure that Finance, Commercial (and other functions as appropriate) are fully trained in all compliance issues
22. Be the RSL SME for all DRA, FAR and reporting queries
23. Attend industry groups, e.g. DSAG, to ensure that RSL are fully up to date with changes in the regulatory environment and that RSL interests are accounted for in industry responses to consultations
24. Ensuring all estimated and actual pricing rates are negotiated and approved in a timely fashion
25. Responding to queries from our internal and external auditors
Team Planning/Comms:
26. Plans repeatable and ad hoc rates, capex and change activities within Ops Finance team, ensuring all team members understand what is required, when, by whom
27. Acts as the liaison between Ops Finance and BPF, FP&A & Central Finance. Ensures that monthly, AOP and LRP rates, capex & change calendars are incorporated fully into the wider finance/business calendar (and vice versa) and tracked against
28. Planning and drafting Ops Finance communications aligned to calendar requirements, etc
Candidate Requirements:
We are looking for a qualified CIMA/ACCA/ACA Finance Manager with a defence background and who has relevant years' experience in a similar role.
29. Excellent people manager (using both direct and indirect influencing skills). Experience of managing teams effectively
30. Excellent presentational skills. Comfortable with data and detail but having the ability to extract high level messages. Experience of presenting to senior audiences
31. Ability to work on concurrent issues/problems with multiple senior stakeholders and sources of information, both internal and external, under time pressure. Being able to prioritise effectively and having an agile mindset
32. Strong communicator and networker with a thirst for understanding the business model, providing meaningful and actionable insight, critical thinking and an ability to think differently about existing problems. Previous experience of dealing one-to-one with both senior and external stakeholders and building relationships
33. Excellent verbal and written communication skills, including the ability to explain financial concepts to non-financial staff
34. Working in a programme environment / knowledge of accounting for long term contracts
35. Knowledge of the Defence Reform Act and Federal Acquisition Regulations
36. Experience with proposal processes such as RLPM/IPDS
37. Knowledge of MoD procurement methodologies & DEFCONs
38. Experience of working in a matrix organisation
39. Understanding of Project reporting including EACs & EVMS
Desirable skills:
40. Negotiation experience and being an effective influencer
41. Ability to own issues, and deliver effective outcomes
42. Strong analytical and strategic thinking skillsets
43. Creative and entrepreneurial, providing innovative solutions that drive value to the business
44. Excellent systems skills, including SAP and Microsoft Office
45. Excellent planning skills
#LI-MF1