Unspecified
Job Title:Senior Finance Analyst - Rates & Government Accounting
Function: Finance
Duration: Permanent
Hours: Full time 37 hrs
Location(s): Harlow / Hybrid with 1 or 2 days a week on site.
Security Clearance Requirements: SC Eligible
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:
Rates submissions
- Support Long Range Plan (LRP) and Annual Operating Plan (AOP) rates (absorption costing) cycles
- Develop and calculate costing and pricing overhead and G&A rates
- Develop and calculate average labour rates
- Collaborate with Business Programme Finance (BPF) to maximise recoverability of R&D and bid costs
- Provide solutions to undefined challenges, cutting across multiple business areas, such as new rate deck structures, or strategic pricing mechanisms
Rates Management
- Create recovery forecasts and budgets
- Liaise with BPF, Functional Business Partnering, and Central Finance to understand cost and recovery drivers
- Create what-if rates scenarios
- Create LT Ops Reporting for rates, functional control tower submissions and LT speaker notes
- Manage reconciliations such as under/over recovery
- Maintaining COGNOS functional forecast model. Collaborating with DT to ensure availability, and that system always reflects latest rate deck structure, e.g. allocations
- Maintain PowerBI dashboard and manage rate-related roll-outs (SAP, PMX, COGNOS)
Government Accounting:
- Ensure compliance with Defence Reform Act (DRA) and Federal Acquisition Requirements (FAR)
- Support the management of relationships with CAAS, SSRO, and DCMA
- Lead reporting, audit responses, and consultation submissions
- Train internal teams on compliance and regulatory changes
- Participate in industry groups and ensure timely rate negotiations
Candidate Requirements:
- University degree or equivalent
- CIMA / ACCA / ACA qualified
- Relevant years’ experience in finance roles
- Excellent presentational skills. Comfortable with data and detail but having the ability to extract high level messages. Experience of presenting to senior audiences
- 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
- 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
- Ability to own issues, and deliver effective outcomes
- Strong analytical and strategic thinking skillsets
- Excellent verbal and written communication skills, including the ability to explain financial concepts to non-financial staff
- Excellent systems skills, including SAP and Microsoft Office
- Creative and entrepreneurial, providing innovative solutions that drive value to the business
- Experience of working in a matrix organisation
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